GBC Annual Sales Meeting

General Bearing Corporation held their annual sales meeting during the first week of May in Pearl River New York. In keeping with the growing global customer base, this event was very much an international sales meeting. Since 2003, in addition to the changes made to expand the US sales team, GBC has added direct sales staff in China, South America, and Europe. All of these regions of the globe were represented at the meeting. With GBC enjoying a sustained period of growth across all sectors since 2001 and coming off 35% growth in 2005, the event was a celebration of success. During the course of the three day event, each region was able to highlight specific progress at key accounts as well as update the team on active projects for 2006 and beyond. Over the course of these past few years the sales team has been focusing their efforts to develop business in automotive, truck and trailer, industrial and aftermarket sectors, building what has been termed the General Bearing “pillars of success.” Throughout the meeting regional overlap and interplay was abundantly clear: projects in South America with decision makers in Europe; products developed together in the US to ultimately be supplied to production plants in Asia; key accounts in the US seeking supply for their plants abroad; and projects with sourcing teams and engineers sprinkled across four continents. Each project discussed highlighted the strengths of the General Bearing business model – Low Cost Country manufacturing supported with focused engineering, a global sales team and global logistics. To provide a break in the action and hone our skills to hit our targets, we took an afternoon off and went into the woods of Northern New Jersey to shoot skeet. For many it was the first time handling a gun, but as might be expected from our exceptional sales team, their individual abilities to hit the target was very much above average. As we look ahead to the rest of 2006 and 2007 we remain committed to serving our customers for our continued mutual success. The investments in capacity have been made to support our current customers and it is up to our sales team to continue the trend of sustained growth so that we can start the cycle yet again.