Schaeffler Takes Action Against Product Piracy in the US

  Enquire / contact me

Counterfeit rolling bearings valued at 500,000 USD seized

Schaeffler Takes Action Against Product Piracy in the US
Schaeffler Takes Action Against Product Piracy in the US

Together with other bearing manufacturers and in close cooperation with US authorities, Schaeffler Group has achieved a significant win in the fight against worldwide product piracy in rolling bearings. On July 16 and 29, 2014, counterfeit rolling bearings valued at over 500,000 USD were seized at supplier Tex Star Bearings in Houston, Texas in the USA. The raids were conducted by Immigration and Customs Enforcement / Homeland Security Investigations. Specialists found the bulk of products in stock at the supplier to be counterfeit and removed them. The monetary share of counterfeit products featuring the Schaeffler brand FAG amounted to 185,000 USD. Investigations in this case are ongoing, however the risk of damage to property and personal injury, which is always present when using counterfeit products, was limited just in time by the seizure of the products. For Tex Star Bearings, the cleared stock shelves alone translate into losses in the six-digit range. In addition, the supplier faces substantial compensation claims for damage and penalties.

Posted on September 8, 2014 - (69 views)
by
Related articles
Aucotec Presents the DCS Portal at SPS IPC Drives 2018
LMI Technologies Receives the Certification for Integration with Universal Robots
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Better HMI and Evolution from PCBs to PLCs Pave the Way for New Market Opportunities
Interface Technology
The CC-Link Partner Association Announces the Future Of Open Industrial Ethernet
Continued Market Growth Is Testament To The Development Of PLCs
Industrial Ethernet
Biocompatible Medical Cable
Sensing Innovation in Process and Control
Ultrasonic Flowmeter TRX
Hannay Reels Delivers Every Time
Multi-protocol Network Diagnostics
Take your Manufacturing to the Edge. Connect Everything
Power in new Dimensions - BXT Motor Family
Mechanical Position Sensor MP600 Series
Heaters of H series
3 Phase Book Style EMC Filter
Leading Distributor in Automation & Robotics Technology
Labfacility L60+ Thermocouple & Fine Wire Welder
Integrated Servo Motor
Single-Stage Filter
Medical Grade PC
High Speed and High Definition Camera
Multi-function Sensor Module
Drive for Marine Installations
AC/DC Desktop Power Adapters
Monitoring Fugitive Emissions & Leaks
Integrated Drive for Induction Motors
Aucotec Presents the DCS Portal at SPS IPC Drives 2018
LMI Technologies Receives the Certification for Integration with Universal Robots
SIKO Presents the PositionLine at SPS IPC Drives 2018 with IEN Europe
SIKO Presents the MagLine at SPS IPC Drives with IEN Europe
Multi-protocol Network Diagnostics
Interroll Launches its Versatile Drive Platform at Sauber Motorsport
Brushless Flat DC-Servomotors with more torque
Labfacility L60+ Thermocouple & Fine Wire Welder
SCADA for Supervision and HMI
Power in new Dimensions - BXT Motor Family