Timken Completes Acquisition of Belts Business, Further Expanding Its Power Transmission Offering

“We are excited to bring the belts business into The Timken Company. Belts are an integral part of our customers’ power transmission systems and Carlstar has a long history of leadership in industrial belt manufacturing, technology and quality,” said Richard G. Kyle, Timken president and chief executive officer. “Our work leading … Continue reading

Timken Awards Scholarships Valued at $540,000 to 17 Children of Employees Around the World

NORTH CANTON, Ohio, March 16, 2015 /PRNewswire/ — The Timken Company (NYSE: TKR; www.timken.com) today awarded scholarships to 17 sons and daughters of Timken associates in 11 locations around the world. The Timken Company Charitable and Educational Fund, Inc. funds the scholarships, with a total value of up to $540,000 … Continue reading

The Timken Company Announces Plan To Separate Its Businesses Into Two Independent Publicly Traded Companies

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The Timken Company Announces Plan To Separate Its Businesses Into Two Independent Publicly Traded Companies. Plan to create two strong stand-alone companies via tax-free spinoff of Timken steel business; expected completion within 12 months. — Ward J. Timken, Jr., to serve as chairman and CEO of new $1.7 billion* revenue … Continue reading

Timken Helps Develop Test Center For Giant Bearings

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The Timken Co., a provider of bearings and other products for the wind energy and industrial industries, and Stark State College have collaborated to develop a new Technology and Test Center on the college’s campus in North Canton, Ohio. According to Timken, the $14 million center tests ultra-large bearing systems … Continue reading

Timken Completes Plant Upgrades

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The Timken Co. recently announced the completion of three capital-investment projects totaling $85 million. The steel business investments include an open-die in-line forge press at the Faircrest Steel Plant in Canton, Ohio, along with an intermediate finishing line and a second induction thermal treatment line at the Gambrinus Steel Plant, … Continue reading

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