OXFORD, Conn.--(BUSINESS WIRE)--RBC Bearings Incorporated (Nasdaq: ROLL), a leading international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries, today announced that the Company has received the 2018 Supplier of the Year 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 very pleased to accept this honor from Komatsu,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer of RBC Bearings. “This recognition reflects our uncompromising commitment to our customers, providing operating flexibility and highly engineered precision products and solutions to better assist them in meeting their goals. We thank Komatsu for this award and look forward to our continued partnership.”
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. According to Komatsu, “With excellent quality and on-time delivery records in 2018, this supplier has demonstrated their capabilities of being a world class supplier. Through innovation and synergy efforts, RBC Bearings has improved their pricing and competitiveness in the market”. RBC Bearings was named the top supplier out of the select group of 44 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 subsidiary of Komatsu Ltd., an industry-leading manufacturer and supplier of equipment, technologies and services for the construction, forklift, mining, industrial and forestry markets. For nearly a century, Komatsu equipment and services have been used by companies worldwide to develop modern infrastructure, extract fundamental minerals, maintain forests and create technology and consumer products. The company’s global service and distributor networks support customer operations, tapping into the power of data and technology to enhance safety and productivity while optimizing performance.
To learn more about Komatsu’s North American offerings, visit www.komatsuamerica.com.
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. The Company is headquartered in Oxford, Connecticut.