BSA Partners with ABMA to stop counterfeit bearings.
Press Release Summary:
BSA Board of Directors approved motion embracing anti-counterfeiting distributor partnership proposal from American Bearing Manufacturers Association (ABMA). With its approval, BSA agreed to embrace World Bearing Association (WBA) Awareness Campaign and help market it; market BSA's Top Ten reasons to buy from authorized distributors; and publish organizational statements and articles against counterfeiting. Partnership also requires BSA to share news on anti-counterfeiting activities.
Original Press Release:
BSA Partners with ABMA to Stop Counterfeit Bearings
Glen Ellyn, IL - On the recommendation of the Bearing Specialists Association's (BSA) Distributor/Manufacturer Relations Committee, the BSA Board of Directors approved a motion embracing an anti-counterfeiting distributor partnership proposal from the American Bearing Manufacturers Association (ABMA). Counterfeiting represents a $600 billion a year problem that is costing U.S. businesses $200 - $250 billion annually.
With its approval, BSA agreed to embrace the World Bearing Association (WBA) Awareness Campaign and help market it to end users via the association websites and member e-blast; to market BSA's Top Ten reasons to buy from authorized distributors, and to encourage members to share this with end users. In addition, BSA agreed to publish Organizational Statements and Articles Against Counterfeiting, including denouncing any involvement in counterfeiting throughout the bearing supply chain; voicing support for ABMA and WBA anti-counterfeiting activities; and sharing news on lawsuits, raids and other anti-counterfeiting activities with memberships. BSA also agreed to create association position papers on various topics against counterfeiting. Finally, if a BSA member is convicted of selling counterfeit bearings, the Board will carefully review its BSA membership status in light of that conviction.
BSA's opposition to counterfeit products is well-established. Its Top Ten program of reasons to buy products and services from authorized BSA member distributors was launched in 2007 to help distributors educate end users about the value of authorized distribution. The association welcomed ABMA's Scott Lynch to its 2010 Winter Meeting for an update on anti-counterfeiting efforts. The association also presented its own program on counterfeit bearings at the 2010 Annual Convention.
BSA is the "must belong to organization for authorized bearing distributors." An international service and educational organization of distributors representing a total of almost 100 companies distributing factory-warranted ball-, roller-, and anti-friction bearings and invited manufacturers of bearings and related products, the association's mission says, "BSA is the forum to enhance networking and knowledge sharing and promote the sale of bearings through authorized distributors." For more information on BSA contact the BSA office at (630) 858-3838; fax (630) 790-3095; email info@bsahome.org or visit the association website at www.bsahome.org.
