PEER Bearing Celebrates the Grand Opening of its Research and Development Center and new Turning Factory

WAUKEGAN, Ill., Jan. 28, 2013 /PRNewswire-iReach/ -- On January 14, 2013, PEER celebrated the Grand Opening of its Research and Development Center and its new PEER Mechanical Parts Turning Factory in Xinchang, Zhejiang, China.  PEER employees were joined by customers and local government officials to help celebrate these two new important additions to the PEER Bearing manufacturing family and increasing its commitment to expanding globally in its target industries.  The festivities included inaugural speeches from PEER employees and its parent company employees from SKF followed by tours of the new facilities.

(Photo: http://photos.prnewswire.com/prnh/20130128/CG48802)

"The PEER Research and Development Center is a new facility for PEER featuring the ability to test a larger product size range, an expansion in research equipment and enhanced work flow. This new capability represents a new "weapon" for PEER in the highly-competitive global bearing market. This investment demonstrates PEER's commitment to the growth of the PEER brand globally." As quoted by Xianyga Luo, PEER's Engineering and R & D Director.

"I strongly believe that this investment of PEER on the Heat Treatment and Turning facility will support PEER to ensure our customers  receive the  best service, higher flexibility and providing more reliable solutions.  It reinforces our capabilities that serve PEER's strategy to further strengthen our market positions in our targeted industries." As quoted by Patrick Tong, President PEER.

About the Research and Development Center:
PEER's Research and Development organization is dedicated to the creation of products specifically for individual customer applications, development of new products to satisfy industry needs, evaluation of products to measure performance and reporting fact-based results to support PEER's full product line.

In addition, the R&D team will also collaborate with our manufacturing plants to support and validate cost reduction concepts, an important element to ensure PEER's global competitiveness. The facility is 1,200 square meters and employs 27 of engineers and technicians.  The services that Research and Development Center provides are:

• Product Development
• Materials Research
• Advanced Calculation Tools to predict Bearing performance
• Product Testing
• Product Performance Analysis

About PEER Mechanical Parts Turning Factory:
PEER's new Turning Facility also features a salt bath heat treatment furnace that can produce rings with an outer diameter reach of 650mm and a thickness of 40mm.  The current annual capacity at this facility is 3,000 tons.  This facility will open in March 2013 with the ability to scale up to three lines.

About PEER
PEER Bearing is a manufacturer and global supplier of reliable ball and roller bearing solutions to target industries. Our Target Industries served are: agricultural, distribution, electrical, fluid, industrial transmission, material handling and on and off highway.  PEER employs over 1,600 people with offices in Brazil, China, Germany, Italy, the United Kingdom and the United States and manufacturing facilities in China. PEER is an award winning supplier dedicated to reliable and cost effective bearing solutions.

Media Contact: Jody Robison PEER Bearing, 847.785.2881, [email protected]

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SOURCE PEER Bearing