Press Releases
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Feb 28, 2007New Operation Enhances Capability to Make Precision Parts
CANTON, Ohio--(BUSINESS WIRE)--Feb. 28, 2007--The Timken Company (NYSE:TKR) today announced that it has launched a fully integrated casting operation to produce precision aerospace aftermarket...
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Feb 23, 2007
CANTON, Ohio--(BUSINESS WIRE)--Feb. 23, 2007--The Timken Company (NYSE:TKR) will conduct an investor presentation at the Citigroup's 20th Annual Global Industrial Manufacturing Investor Conference...
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Feb 22, 2007
CANTON, Ohio--(BUSINESS WIRE)--Feb. 22, 2007--The Timken Company (NYSE:TKR) and Rio Tinto Energy America, a business unit of one of the world's leading mining and exploration companies, have...
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Feb 14, 2007NASCAR 'Car of Tomorrow' Design to be a Primary Focus
CANTON, Ohio--(BUSINESS WIRE)--Feb. 14, 2007--The Timken Company (NYSE:TKR) announced today that it has extended its agreement with Joe Gibbs Racing as an official technical partner of the NASCAR...
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Feb 7, 2007Strong industrial markets lead to record sales in Steel, Industrial Groups
CANTON, Ohio--(BUSINESS WIRE)--Feb. 7, 2007--The Timken Company (NYSE:TKR) today announced sales of $5.0 billion for 2006, up 3 percent from a year ago. Sales exclude Latrobe Steel, which the...
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Feb 6, 2007
CANTON, Ohio--(BUSINESS WIRE)--Feb. 6, 2007--The board of directors of The Timken Company (NYSE:TKR) today declared a quarterly cash dividend of 16 cents per share. The dividend is payable on...
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Feb 2, 2007Bearings to Be Installed on Frame Used for Freight Cars in United Kingdom
CANTON, Ohio--(BUSINESS WIRE)--Feb. 2, 2007--The Timken Company (NYSE:TKR) recently won an order to supply, repair and replace tapered bearings for German railway supplier ELH Eisenbahnlaufwerke...
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Jan 29, 2007Unexpected Items Impact Fourth-Quarter Results
CANTON, Ohio--(BUSINESS WIRE)--Jan. 29, 2007--The Timken Company (NYSE:TKR) today announced it is reducing its earnings estimate for the fourth quarter of 2006. The reduction is primarily due to...
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Jan 17, 2007Investment Extends Product Differentiation in High-Performance Applications, Targets Broad Range of Customers, Including Automotive Transplants
CANTON, Ohio--(BUSINESS WIRE)--Jan. 17, 2007--The Timken Company (NYSE:TKR) announced today that it will invest approximately $60 million in its steel rolling mill operations to increase the...
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Jan 11, 2007Bombardier Uses Advanced Sensor Technology to Monitor Temperature
CANTON, Ohio--(BUSINESS WIRE)--Jan. 11, 2007--The Timken Company (NYSE:TKR) is supplying 480 high-tech axle bearing assemblies to Bombardier Transportation for use in the locomotives of the next...
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Dec 19, 2006Sale advances Automotive Group's restructuring plans
The Timken Company (NYSE: TKR) today announced it has completed the sale of its automotive steering business, which operates facilities in...
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Dec 14, 2006Engineered Bearing Improves Radio Telescope's Performance
The Timken Company (NYSE: TKR) announced today that VertexRSI, a provider of communication satellites, earth stations and scientific instruments, achieved...
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Dec 8, 2006
CANTON, Ohio, Dec 08, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Timken Company (NYSE: TKR) today announced it completed the sale of its Latrobe Steel subsidiary in Latrobe, Pa.,...
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Dec 5, 2006System Solution for New EURO 4000 Locomotive
The Timken Company (NYSE: TKR) is supplying an integrated system of bearings and housings to Vossloh Locomotives for its new EURO 4000, the most powerful...
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Dec 1, 2006Acquisition of Engine Overhauler Expands Aerospace Services
The Timken Company (NYSE: TKR) today announced that it is continuing to expand its strategic position in the aerospace aftermarket by acquiring the assets of...
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Nov 27, 2006Tapered Roller Bearings Used in Scheuerle Transporters
The Timken Company (NYSE: TKR) played a major role in moving one of the largest loads ever carried by a wheeled vehicle. A fully assembled and equipped oil...
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Nov 8, 2006Investment Lifts the Company's China Presence to Six Plants
The Timken Company (NYSE: TKR) today announced an important investment in its ability to serve the Chinese and global aerospace markets. Timken's new...
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Nov 6, 2006Mihaila, Fracassa named senior vice presidents
CANTON, Ohio, Nov 06, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Timken Company (NYSE: TKR) today announced the appointment of J. Ted Mihaila to the position of senior vice...
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Nov 3, 2006
The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 16 cents per share. The dividend is payable on...
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Nov 1, 2006
CANTON, Ohio, Nov 01, 2006 /PRNewswire via COMTEX News Network/ -- The Timken Company (NYSE: TKR) today announced it has expanded its innovative line of condition-monitoring equipment to include a...
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Oct 31, 2006Increased hardness is easier to machine
The Timken Company (NYSE: TKR) collaborated with one of its major automotive customers to produce a steel that is easier to machine. Working with the Robert...
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Oct 30, 2006Chennai facility will make antifriction bearings for global markets
The Timken Company (NYSE: TKR) today announced plans to build a new bearing manufacturing facility in India. The plant, which will be located in Chennai in...
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Oct 27, 2006New $10 million center at Clemson University to feature collaborative environment for development, innovation
The Timken Company (NYSE: TKR) today opened its new 118,000 square-foot, $10 million Timken Technology Center on the campus of Clemson University's...
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Oct 26, 2006Bearings, other solutions eliminate downtime
The Timken Company (NYSE: TKR) has added PT Essar, the largest private steel producer in Indonesia and part of the Essar Group, to its customer base. Timken...
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Oct 25, 2006Strong industrial markets benefit company performance
The Timken Company (NYSE: TKR) today reported sales of $1.27 billion in the third quarter, up slightly from the same period a year ago. Strong sales...
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Oct 24, 2006Innovative solution improves customer's performance
The Timken Company (NYSE: TKR) today announced a new customer in China, Jixi Coal Mine Machinery Company (Jixi CMMC), one of the country's largest...
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Oct 17, 2006New $10 million center at Clemson University to feature collaborative environment for development, innovation
The Timken Company (NYSE: TKR) today opened its new 118,000 square-foot, $10 million Timken Technology Center on the campus of Clemson University's...
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Oct 12, 2006
The Timken Company (NYSE: TKR) today announced its intention to exit its European seamless steel tube manufacturing operations located in Desford, England, as...
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Oct 11, 2006
The Timken Company (NYSE: TKR) will announce third-quarter financial results on Wednesday, Oct. 25, 2006, prior to the opening of the New York Stock...
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Oct 10, 2006Technical Support Improves Customer's Performance
The Timken Company (NYSE: TKR) announced today that it is supplying Telcon Construction Equipment Company with bearing products and application support for...
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Oct 3, 2006Arizona Operation Showcases Aftermarket Commitment
The Timken Company (NYSE: TKR) is continuing to expand its capabilities for the aerospace aftermarket with an investment of more than $12 million for a new...
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Sep 29, 2006
CANTON, Ohio, Sept 29, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Timken Company (NYSE: TKR) today announced it is taking additional actions to improve the performance of its...
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Sep 18, 2006Addition of large-bore seals, bearing isolators gives Timken full line of industrial seals
CANTON, Ohio, Sept 18, 2006 /PRNewswire via COMTEX News Network/ -- The Timken Company (NYSE: TKR) today announced the expansion of its line of industrial seals to include large-bore seals and...
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Sep 6, 2006
The Timken Company (NYSE: TKR) today announced the expansion of its line of lubricant-delivery devices with the addition of the Timken C-Power multipoint...
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Aug 30, 2006
COLMAR, France, Aug 30, 2006 /PRNewswire via COMTEX News Network/ -- The Timken Company (NYSE: TKR) is supplying a journal bearing assembly and housing for the new PROTOS train in Germany....
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Aug 4, 2006
The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 16 cents per share, an increase of 1 cent per...
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Jul 26, 2006
The Timken Company (NYSE: TKR) today reported record sales of $1.39 billion in the second quarter, up 5 percent from the same period a year ago....
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Jul 20, 2006
The Timken Company (NYSE: TKR) today announced plans to invest approximately $5 million in a new induction heat treat line at its steel plant in Canton, Ohio,...
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Jul 18, 2006
The Timken Company (NYSE: TKR) and Clemson University today jointly announced that Dr. John C. Ziegert will hold The Timken Chair in Automotive Design and...
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Jul 17, 2006Company to announce quarterly results July 26
The Timken Company (NYSE: TKR) today announced estimated 2006 second quarter earnings per diluted share of approximately $0.79, up from $0.73 per diluted...
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Jul 12, 2006
The Timken Company (NYSE: TKR) today announced it will increase prices by 5 percent on all carbon and alloy grade tubing products. The price change will be...
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Jul 11, 2006
The Timken Company today announced that its aerospace aftermarket solutions subsidiary, Bearing Inspection, Inc., has been named by Cincinnati-based GE...
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Jul 10, 2006Sponsors Cleveland Museum of Art Exhibit in Beijing
The Timken Company (NYSE: TKR), a global company known for creativity and innovation in engineering, has announced that it is sponsoring the historic...
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Jul 10, 2006
The Timken Company's (NYSE: TKR) board of directors has elected John P. Reilly, non-executive chairman of Exide Technologies, as a director of the company....
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Jun 30, 2006
The Timken Company (NYSE: TKR) today announced the sale of Timken Precision Components - Europe to a group of investors made up of the unit's...
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Jun 26, 2006
LATROBE, Pa., June 26, 2006 /PRNewswire via COMTEX News Network/ -- The Timken Company (NYSE: TKR) today announced its Timken Latrobe Steel subsidiary will increase prices by 3 percent to 7...
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Jun 20, 2006Emergency On-Site Repair and Condition Monitoring Program Helps Productivity
The Timken Company (NYSE: TKR) today announced that Gallatin Steel, a flat-rolled carbon steel producer based in Ghent, Ky., avoided costly downtime in its...
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Jun 15, 2006
CANTON, Ohio - June 15, 2006 -- The Timken Company (NYSE: TKR) today announced that it has expanded its rolled carbon and alloy steel round bar capabilities to a maximum diameter of 13 inches, an...
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Jun 8, 2006
The Timken Company (NYSE: TKR) today announced that Julong PetroMaterials, Inc., based in Tokyo, has ordered more than $6 million of Timken(R) seamless tubes...
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May 22, 2006
The Timken Company (NYSE: TKR) will conduct an investor presentation at the JPMorgan Basics & Industrials Conference on June 5, 2006, at 10:00 a.m....
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May 15, 2006
CANTON, Ohio, May 15, 2006 /PRNewswire via COMTEX News Network/ -- The Timken Company's (NYSE: TKR) TechTips series is earning high marks throughout the automotive aftermarket industry. This...
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May 10, 2006
COLMAR, France, May 10, 2006 /PRNewswire via COMTEX News Network/ -- The Timken Company (NYSE: TKR) recently signed a five-year contract to supply RWE Power AG in Essen, Germany, with...
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Apr 28, 2006Company to announce quarterly results April 27
The Timken Company (NYSE: TKR) today announced estimated 2006 first quarter earnings per diluted share of approximately $0.70, up from $0.63 per...
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Apr 27, 2006
CANTON, Ohio, April 27, 2006 /PRNewswire via COMTEX News Network/ -- The Timken Company (NYSE: TKR) will conduct an investor presentation at the Merrill Lynch 8th Annual Global Industries...
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Apr 18, 2006Company to announce quarterly results April 27
The Timken Company (NYSE: TKR) today announced estimated 2006 first quarter earnings per diluted share of approximately $0.70, up from $0.63 per...
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Apr 18, 2006
The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 15 cents per share. The dividend is payable on...
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Mar 28, 2006
The Timken Company (NYSE: TKR) recently delivered its two millionth special bearing assembly to the Saarbruecken, Germany, production plant of ZF,...
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Mar 20, 2006Magazine's award is Timken's second win in three years
CANTON, Ohio, March 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Timken Company (NYSE: TKR) today announced that the "intrinsically safe" version of its StatusCheck™ wireless...
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Mar 14, 2006Innovative cataloging tool improves engineering design time
The Timken Company (NYSE: TKR) today announced that Lufkin Industries, a leading supplier of oilfield pumping units, industrial gears, foundry...
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Mar 13, 2006
The Timken Company (NYSE: TKR) has been honored with a Supplier Quality Award by Renault, a leading European auto manufacturer. One of only three...
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Mar 13, 2006
Editors are advised that a high-resolution photo is available to accompany the news release, CLM027, Timken Receives Supplier Quality Award From Renault, issued earlier today by The Timken...
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Mar 1, 2006
The Timken Company (NYSE: TKR) today announced that it will begin filling Timken® Fafnir® ball bearing housed units with its own brand of pillow...
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Mar 1, 2006Over 26,000 students have received training from the award-winning school since its inception
CANTON, Ohio, March 1, 2006 /PRNewswire via COMTEX News Network/ -- In commemoration of the 50th anniversary of its popular Distributor Training School, The Timken Company (NYSE: TKR) today...
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Feb 24, 2006
The Timken Company (NYSE: TKR) will present at Citigroup's 19th Annual Global Industrial Manufacturing Conference on March 7, 2006, at 2:15 p.m. EST...
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Feb 7, 2006
The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 15 cents per share. The dividend is payable on...
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Feb 7, 2006
CANTON, Ohio, Feb 07, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Timken Company (NYSE: TKR) today announced that it has entered into an agreement with Joe Gibbs Racing (JGR) to...
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Feb 1, 2006
The Timken Company (NYSE: TKR) today announced record sales of $5.2 billion, up 15 percent from a year ago. Net income in 2005 increased sharply to a...
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Jan 30, 20062005 NASCAR Nextel Cup Series Champion to hold press conference, join in associate rally
2005 NASCAR Nextel Cup Series Champion Tony Stewart and a member of Joe Gibbs Racing are coming to Timken on Tuesday, Feb. 7, 2006, to celebrate their winning partnership with Timken. In a press...
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Jan 18, 2006
Jan 18, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- The Timken Company will announce its 2005 annual and fourth quarter financial results on Wednesday, Feb. 1, 2006, prior to the...
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Jan 11, 2006$10 million investment will add 50 jobs, expand production at Altavista facility
The Timken Company (NYSE: TKR) today announced plans to invest approximately $10 million in its bearing plant in Altavista, Va., enabling expanded...
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Dec 21, 2005
CANTON, Ohio, Dec 21, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- The Timken Company (NYSE: TKR) today announced that Philip D. Fracassa has joined the company as vice president - tax....
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Dec 14, 2005
CANTON, Ohio, Dec 14, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Rolls-Royce Corporation and The Timken Company (NYSE: TKR) today announced an alliance to increase Timken's technology...
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Dec 12, 2005"The Voice of IT Management" Recognizes Elsasser for Creativity, Business Savvy in 6th Annual Awards Program
The Timken Company (NYSE: TKR) today announced that Jon Elsasser, senior vice president and chief information officer, has been recognized by IDG's...
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Dec 7, 2005
The Timken Company (NYSE: TKR) today announced the appointment of Alastair R. Deane as senior vice president - technology, reporting to President and...
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Dec 2, 2005
The Timken Company (NYSE: TKR) today announced that it received approximately $81 million under the U.S. Continued Dumping and Subsidy Offset Act...
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Nov 21, 2005
When Tony Stewart took the checkered flag at Homestead-Miami Speedway on Sunday, he knew the 2005 NASCAR Nextel Cup Series Championship was his....
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Nov 21, 2005
Timken Latrobe Steel, a subsidiary of The Timken Company (NYSE: TKR), announced it would increase prices by 3 percent to 8 percent on all remelted...
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Nov 8, 2005
The board of directors of The Timken Company today declared a quarterly cash dividend of 15 cents per share. The dividend is payable on Dec. 2, 2005,...
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Nov 4, 2005Company plans to add 50 jobs, expand capacity at Asheboro Plant in Randleman, N.C.
The Timken Company today announced plans to invest approximately $27 million in its Asheboro bearing plant in Randleman, N.C., enabling expanded...
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Oct 26, 2005
The Timken Company today reported record third quarter sales of $1.3 billion, up 15 percent from $1.1 billion last year. Net income of $39.8 million...
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Oct 12, 2005
The Timken Company (NYSE: TKR) will announce its third quarter financial results on Wednesday, October 26, 2005, prior to the opening of the New...
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Oct 6, 2005Acquisition Expands Services for Aerospace Industry
The Timken Company today announced that it has continued to strengthen its strategic position in the aerospace industry with the acquisition of...
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Sep 21, 2005
The Timken Company today announced plans to close its Clinton, S.C., plant -- with production being phased down over the next two years. The...
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Sep 20, 2005
The Timken Corporation today announced price increases on seamless mechanical tubing products effective with shipments November 1, 2005 as follows:...
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Sep 20, 2005
The Timken Corporation today announced price increases on steel bar products effective with shipments November 1, 2005 as follows: Non-contract...
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Sep 15, 2005
The Timken Company and the steelworkers union have reached a new, four-year labor agreement. Members of the steelworkers union voted today to...
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Aug 30, 2005
The Timken Company (NYSE: TKR) has been added to the Standard & Poor's MidCap 400 Index, effective with the close of trading on Monday, August 29....
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Aug 19, 2005
The Timken Company (NYSE: TKR) announced today that Michael J. Hill has been named senior vice president -- supply chain management. Mr. Hill, who...
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Aug 5, 2005
The Timken Company (NYSE: TKR) announced today that Salvatore J. Miraglia, Jr. has been appointed president - Steel, effective August 15, succeeding...
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Aug 5, 2005
The board of directors of The Timken Company today declared a quarterly cash dividend of 15 cents per share. The dividend is payable on September 2,...
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Aug 1, 2005Machine Evaluator Series Highlights Complete Portfolio
As part of an ongoing strategy to offer greater friction management solutions(SM) to its customers, The Timken Corporation has expanded its offering...
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Jul 28, 2005
The Timken Company today reported a 17 percent increase in sales and more than doubling of earnings per share for the second quarter of 2005,...
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Jul 19, 2005
CANTON, Ohio, July 19, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Timken Company announced today that President Bush intends to nominate W. R. Timken, Jr., chairman of the Timken Board of...
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Jul 18, 2005
Timken has announced the expansion of its line of maintenance tools from Europe into the United States and Canada. The tool line includes induction...
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Jul 15, 2005
The Timken Company (NYSE: TKR) will announce its second quarter financial results on Thursday, July 28, 2005, prior to the opening of the New York...
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Jun 30, 2005
CANTON, Ohio, June 30, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Timken Company announced today that it has completed the sale of its Linear Motion Systems (LMS) division - Timken S.p.A in...
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Jun 30, 2005
Timken has been awarded additional orders under an existing $20 million U.S. Air Force contract for hybrid bearing development. The new orders,...
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Jun 20, 2005Increased knowledge results in better productivity and efficiency in mills
CANTON, Ohio, June 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- Timken will launch a Paper Industry Bearing Training class in September. Held at Timken's Tyger River facility in Union, SC, the...
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Jun 15, 2005
CANTON, Ohio, June 15, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Timken Company will present at the 15th Annual Wachovia Securities Nantucket Equity Conference on June 29 at 11:45 a.m. Eastern...
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Jun 6, 2005
CANTON, Ohio, June 6, 2005 /PRNewswire-FirstCall via COMTEX/ -- Timken was honored with the first ever Delphi Pinnacle Award for Supplier Excellence. Delphi launched the award program with a...