Grandpa Laurence begins planning his first manufacturing facility in Xinchang, Zhejiang, China, which was completed in 1998. … [Read more...] about 1995
January 14, 1992
1992 Internal (Wheeling) Office Memo – Smoking Policy “Effective immediately, smoking in the Front Office Lunchroom is no longer permitted…each trip to the dock will be considered a 10-minute break.” … [Read more...] about January 14, 1992
November 16th, 1991
Great Grandpa Nate Spungen passes away (Jan 15, 1905 – Nov 16, 1991). … [Read more...] about November 16th, 1991
December 25th, 1989
Romania Dictator Nicolae Ceaușescu and his wife are executed on TV. Romania loses MFN. Grandpa Laurence had already begun moving a majority of radial bearing business to China. Danny begins sourcing the majority of mounted unit insert bearings and castings from Korea, Taiwan and Puebla Mexico. … [Read more...] about December 25th, 1989
October 28th, 1988
On behalf of The Torrington Company, the US Department of Commerce announced preliminary determinations that antifriction bearings have been dumped in the US by nine European and Asian countries. China and some of our other suppliers were not affected badly (if at all). The Spungens benefited, … [Read more...] about October 28th, 1988