RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly-engineered precision, plain, roller and ball bearings for the industrial, defense and aerospace industries, today announced that the Company has received the 2010 Performance of the Year for Quality and Delivery award from Midori Kai, Komatsu America’s association of select supplier companies that have been chosen for membership based on high measurable standards.
“We are extremely pleased to accept this notable award for the second consecutive year,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer of RBC Bearings. “To receive this recognition from Komatsu is an affirmation of our core operating principles, and we will continue to serve our industry-leading industrial and aerospace customers with our operating flexibility and highly-engineered precision products.”
Over the last 12 months, RBC Bearings has assisted Komatsu in maintaining its high level of customer support by providing products on a timely basis in support of Komatsu’s expedited needs while also delivering new products to supply customer required components in the field. RBC Bearings was named the top supplier out of the select group of 37 at last month’s Midori Kai supplier meeting. The Company has been a member of the Midori Kai supplier association since 2007.
About Midori Kai
Midori Kai is an association of select Komatsu supplier companies that have been chosen for membership based on measurable high standards. The group’s objective is to forge a mutually beneficial business relationship for both suppliers and Komatsu during economic upturns and downturns, by sharing information, technical support and business opportunities.
Midori Kai began in Japan in 1952, and has been a very successful long-term partnership for both Komatsu and its Midori Kai suppliers. Many members have been part of Midori Kai for over 50 years. Komatsu initiated Midori Kai in North America in 2006, and is committed to replicating the long-term business relationships it has had with its Japanese suppliers.
Members of Midori Kai range from small companies to global enterprises and membership offers suppliers access to Komatsu production plans and figures, global opportunities to meet with Komatsu executives as well as investment, technical, engineering and tooling support. Among benefits to Midori Kai members are potential business opportunities with other Komatsu affiliates, worldwide.
To remain a member of Midori Kai, suppliers must continue to meet the high standards set forth, and be advocates of the program. "Midori Kai" translated into English means "Green Club," with the concept that Komatsu will plant a seed with its suppliers, and together, they can grow a tree, for the long term.
About Komatsu America Corp.
Komatsu America Corp. is a U.S. subsidiary of Komatsu Ltd. which is the world’s second largest manufacturer and supplier of construction, mining and compact construction equipment. Komatsu America Corp. also serves forklift and forestry markets. Through its distributor network, Komatsu offers a state-of-the-art parts and service program to support the equipment. Komatsu has proudly been providing high-quality reliable products for nearly a century. Visit the website at www.komatsuamerica.com for more information.
About RBC Bearings
RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings and components. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace and defense markets. Headquartered in Oxford, Connecticut, RBC Bearings currently employs approximately 2,052 people and operates 23 manufacturing facilities in four countries.