Press Releases
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Dec 2, 2010
The Timken Company (NYSE: TKR) is scheduled to be among presenters at the Bank of America Merrill Lynch Global Industries Investor Conference...
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Dec 1, 2010
(NYSE: TKR): On Oct. 15, 2010, Switzerland's Gotthard base tunnel became a reality. At 2:17 p.m. Geneva Time that day, a boring machine in the east...
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Nov 19, 2010Company 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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Nov 19, 2010
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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Nov 11, 2010
The Timken Company (NYSE: TKR) today announced that Michael C. Arnold, executive vice president and president of the Bearings and Power...
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Nov 10, 2010Extends company's commitment to safety and support for troops
In keeping with its rich tradition of supporting the communities in which it does business, The Timken Company (NYSE: TKR) today announced that it will...
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Nov 9, 2010
Following its third-quarter earnings release highlighting the Company's continued strong financial performance, the board of directors of The...
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Nov 2, 2010Customer Initiatives Drive Timken 2011 Aftermarket Strategy Category
With improving conditions in the automotive aftermarket, The Timken Company (NYSE: TKR) is rolling out a pair of initiatives intended to foster growth...
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Nov 2, 2010
NOTE: The Timken Company is issuing this news on behalf of the World Bearing Association (WBA): In the last two decades, counterfeiting in general has...
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Oct 28, 2010Third-quarter sales up 39% as global demand strengthens
CANTON, Ohio: October 28, 2010 — The Timken Company (NYSE: TKR) today reported sales of $1.1 billion in the third quarter of 2010, an increase of 39 percent over the same period a year ago....
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Oct 27, 2010
CANTON, Ohio: October 27, 2010 — In anticipation of Automotive Aftermarket Week and Automotive Aftermarket Product Expo (AAPEX) held in Las Vegas, Nevada the week of November 1st, The Timken...
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Oct 21, 2010
CANTON, Ohio: Oct. 21, 2010 — The Timken Company (NYSE:TKR) today announced it will increase base prices on all special bar quality (SBQ) products by $30 per ton. These price increases are...
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Oct 14, 2010
CANTON, Ohio: Oct. 14, 2010 - The Timken Company (NYSE:TKR) will release its 2010 third-quarter financial results on Thursday, Oct. 28, 2010, prior to the opening of the New York Stock Exchange....
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Oct 13, 2010
CANTON, Ohio: October 13, 2010 — The Timken Company’s Aerospace Aftermarket Solutions business, based in Mesa, Ariz., offers a full range of maintenance, repair and overhaul (MRO) services...
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Sep 21, 2010Addition brings spherical steel housed units and elastomeric couplings for demanding industrial applications to Timken’s product lineup
CANTON, Ohio: Sept. 21, 2010 — The Timken Company (NYSE: TKR) today announced it has completed the acquisition of QM Bearings and Power Transmission, Incorporated, based in Ferndale,...
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Sep 14, 2010
CANTON, Ohio: Sept. 14, 2010 — The Timken Company (NYSE: TKR) has launched a new line of precision cylindrical roller bearings designed to maximize speed, precision and efficiency in...
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Sep 2, 2010
CANTON, Ohio: September 2, 2010 – The Timken Company (NYSE: TKR) is scheduled to be among presenters at the Longbow Industrial Manufacturing and Technology Investor Conference on September...
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Sep 2, 2010
CANTON, Ohio: Sept. 2, 2010 — In May of 2009, when the future of the Hubble space telescope was hinging on delicate repairs performed by NASA astronauts using ATK's Mini Power Tool, ATK...
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Aug 30, 2010
CANTON, Ohio: August 30, 2010 — The Timken Company (NYSE: TKR) today announced it will increase prices on cold-drawn carbon and alloy seamless mechanical tubing by up to 30 percent,...
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Aug 26, 2010
CANTON, Ohio: Aug. 26, 2010 — Consistent with its strategy to serve growth throughout Asia, The Timken Company (NYSE:TKR) has opened a new office in Jakarta, Indonesia. Affiliated with the...
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Aug 12, 2010
CANTON, Ohio: August 12, 2010 — The Timken Company (NYSE: TKR) announced that it will invest approximately $50 million in its steel operations in Canton, Ohio. Slated to begin this year, the...
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Aug 5, 2010
CANTON, Ohio: Aug. 5, 2010 — Following an announcement by the U.S. Department of Commerce, The Timken Company (NYSE: TKR) confirmed that Chairman Ward J. "Tim" Timken, Jr., has been...
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Aug 3, 2010
CANTON, Ohio – Aug. 3, 2010 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 13 cents per share. The dividend is payable on...
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Jul 29, 2010Second-quarter sales up 37 percent over last year
CANTON, Ohio: July 29, 2010 — The Timken Company (NYSE: TKR) today reported sales of $1.0 billion in the second quarter of 2010, an increase of 37 percent over the same period a year ago....
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Jul 28, 2010Timken to provide engineering, advanced bearings, condition monitoring and services for Goldwind platforms in China with broader, global opportunity
CANTON, Ohio: July 28, 2010 — The Timken Company (NYSE: TKR) has received a contract worth US$26 million to supply wind turbine products and services to China's Xinjiang Goldwind Science &...
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Jul 27, 2010
CANTON, Ohio: July 27, 2010 – The Timken Company (NYSE: TKR) is among those scheduled to present at the Jefferies 6th Annual Global Industrial and A&D Investor Conference on August 10, 2010,...
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Jul 22, 2010
CANTON, Ohio: July 22, 2010 — The Timken Company (NYSE:TKR) today announced it will increase base prices on all special bar quality (SBQ) products by $40 per ton. These price increases are...
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Jul 19, 2010QM will add spherical steel housed units and couplings to Timken’s product lineup
CANTON, Ohio: July 19, 2010 —The Timken Company (NYSE: TKR) today announced it has agreed to acquire the business of QM Bearings and Power Transmission, Incorporated, based in Ferndale,...
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Jul 15, 2010
CANTON, Ohio: July 15, 2010 - The Timken Company (NYSE:TKR) will release its financial results for the second quarter of this year on Thursday, July 29, 2010, prior to the opening of the New York...
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Jul 12, 2010New product offering resists wear, improves stability
CANTON, Ohio: July 12, 2010 — The Timken Company (NYSE: TKR) has enhanced its line of precision bearings for high-speed dental hand-pieces, now offering a broader selection of options and...
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Jul 1, 2010Timken is serving the world’s top wind turbine manufacturers with expanded capacity in America, Europe and China
CANTON, Ohio: July 1, 2010 — The Timken Company (NYSE: TKR) said its Timken-XEMC Joint Venture in Xiangtan, Hunan province, China, recently began delivering its initial production of...
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Jun 29, 2010
CANTON, Ohio: June 29, 2010 – The Timken Company Education Fund has awarded $310,000 in scholarships to 38 college-bound students, all children of Timken associates upon application from...
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Jun 10, 2010
CANTON, Ohio: June 10, 2010 – The Timken Company (NYSE: TKR) is among those scheduled to present at the Deutsche Bank Industrials Investor Conference on June 24, 2010, at 12:00 p.m. Central...
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May 26, 2010
CANTON, Ohio: June 10, 2010 – The Timken Company (NYSE: TKR) is among those scheduled to present at the Deutsche Bank Industrials Investor Conference on June 24, 2010, at 12:00 p.m. Central...
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May 25, 2010Company introduces record number of new products for wind industry
CANTON, Ohio: May 25, 2010 — Leveraging organic investments sustained during the recession to expand both its wind power offering and capacity domestically and internationally, The Timken...
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May 11, 2010
CANTON, Ohio: May 11, 2010 — On the heels of a first-quarter report highlighting stronger financial performance and an improved outlook, the board of directors of The Timken Company (NYSE:...
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Apr 29, 2010Mobile market demand leads volume improvement
CANTON, Ohio: April 29, 2010 — The Timken Company (NYSE: TKR) today reported sales of $913.7 million during the first quarter of 2010, an increase of 5 percent over the same period a year...
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Apr 15, 2010
CANTON, Ohio: April 15, 2010 - The Timken Company (NYSE:TKR) will release its 2010 first-quarter financial results on Thursday, April 29, 2010, prior to the opening of the New York Stock Exchange....
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Mar 26, 2010
CANTON, Ohio: March 26, 2010 — The Timken Company (NYSE:TKR) today announced it will increase base prices on hot-rolled special bar quality (SBQ) products by $30 per ton and cold-finished...
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Mar 24, 2010
CANTON, Ohio, USA: March 24-25, 2010 —The Timken Company (NYSE: TKR) has been recognized as one of the World’s Most Ethical Companies for 2010 by the Ethisphere Institute, an international...
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Feb 22, 2010Company to provide emergency supply of nose gearboxes
CANTON, Ohio: Feb. 22, 2010 —The Timken Company’s (NYSE:TKR) Aerospace and Defense business has received an order to provide an emergency supply of left-hand engine nose gearboxes for...
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Feb 22, 2010
CANTON, Ohio — February 22, 2010 — The Timken Company (NYSE: TKR) is introducing a new line of Type E tapered roller bearing housed units that set a new performance standard for...
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Feb 22, 2010
CANTON, Ohio: Feb. 22, 2010 — Over the past few years, The Timken Company’s (NYSE:TKR) Aerospace and Defense business has been steadily increasing its offering of FAA-approved replacement...
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Feb 22, 2010
CANTON, Ohio: Feb. 22, 2010 — As the aerospace industry continues to make its way through a difficult economic cycle, The Timken Company’s Aerospace and Defense business announced plans to...
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Feb 15, 2010
CANTON, Ohio: Feb. 15, 2010 – The Timken Company (NYSE: TKR) is among those scheduled to present at the ISI Industrial Investor Conference on March 2, 2010, at 9:40 a.m. Eastern Time in New...
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Feb 9, 2010
CANTON, Ohio – Feb. 9, 2010 – The Timken Company (NYSE: TKR) board of directors today declared a quarterly cash dividend of 9 cents per share. The dividend is payable on Mar. 2, 2010,...
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Feb 2, 2010Strong execution delivers record free cash flow
CANTON, Ohio: Feb. 2, 2010 — The Timken Company (NYSE: TKR) today reported sales of $3.1 billion for 2009, a decrease of 38 percent from a year ago. The sales comparison, which excludes for...
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Jan 20, 2010
CANTON, Ohio: January 20, 2010 — When the road gets rough, sometimes it pays to keep on trucking. Timken did that during the recessionary year of 2009, and managed a modest sales increase in...
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Jan 19, 2010
CANTON, Ohio: Jan. 19, 2010 - The Timken Company (NYSE:TKR) will release its 2009 fourth-quarter and annual financial results on Tuesday, Feb. 2, 2010, prior to the opening of the New York Stock...
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Dec 31, 2009
CANTON, Ohio: Dec. 31, 2009 — The Timken Company (NYSE: TKR) today announced it completed the sale of its Needle Roller Bearings business to Japan’s JTEKT Corporation. Timken received...
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Dec 1, 2009
CANTON, Ohio: Dec. 1, 2009 — The Timken Company (NYSE: TKR) today announced the appointment of Kari Groh to the position of vice president – communications and public relations. Groh...
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Nov 25, 2009
CANTON, Ohio – Nov. 25, 2009 – The Timken Company (NYSE: TKR) is scheduled to be among presenters at the Bank of America Merrill Lynch Global Industries Investor Conference on Dec. 9,...
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Nov 10, 2009
CANTON, Ohio – November 10, 2009 – The Timken Company’s (NYSE: TKR) board of directors has elected John M. Ballbach, age 49, as a director of the company, for a term that expires at...
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Nov 10, 2009
CANTON, Ohio – Nov. 10, 2009 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 9 cents per share. The dividend is payable on Dec....
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Oct 29, 2009Cost controls and working-capital management drive third-quarter earnings and cash flow
CANTON, Ohio: Oct. 29, 2009 — The Timken Company (NYSE: TKR) today reported sales of $763.6 million for the third quarter of 2009, a decrease of 43 percent over the same period a year ago....
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Oct 19, 2009
CANTON, Ohio: October 19, 2009 — The Timken Company (NYSE: TKR) has been steadily expanding its aerospace business over the past decade, servicing more than 30,000 main engines, gearboxes,...
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Oct 15, 2009
CANTON, Ohio: Oct. 15, 2009 – The Timken Company (NYSE:TKR) will release its 2009 third-quarter financial results on Thursday, Oct. 29, 2009, prior to the opening of the New York Stock...
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Oct 15, 2009
October 15, 2009 – The Timken Company and the United Steel Workers (USW) Local 1123 today announced they have reached agreement on a new four-year contract. The current contract was extended...
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Sep 24, 2009Patented magnetic technology increases reliability in harsh conditions
CANTON, Ohio: September 24, 2009 — The Timken Company (NYSE: TKR) announced today that it has launched a new packaged, industrial magnetic encoder designed to provide increased reliability...
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Sep 9, 2009
CANTON, Ohio: September 9, 2009 — The Timken Company (NYSE: TKR) announced that it has priced a public offering of $250 million of 6.00% Senior Unsecured Notes due 2014 (the “Notes”) in...
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Sep 2, 2009
CANTON, Ohio: September 2, 2009 — The Timken Company (NYSE: TKR) announced an expanded ability to offer its high-performance, premium engineered steel solutions to customers in Asia,...
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Aug 28, 2009
CANTON, Ohio: Aug. 28, 2009 -- The Timken Company is scheduled to be among presenters at the Longbow Industrial Products Investor Conference on Sept. 10, 2009, at 1:00 p.m. Eastern Time in New...
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Aug 11, 2009Delivering full-line solutions for industrial distribution channel
Bangalore, India: August 11, 2009 — The Timken Company announced that Timken India Ltd. has signed a marketing agreement with India’s Spareage Seals Limited, which will allow Timken to...
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Aug 4, 2009
CANTON, Ohio – Aug. 4, 2009 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 9 cents per share. The dividend is payable on Sep. 3,...
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Jul 29, 2009
CANTON, Ohio: July 29, 2009 — The Timken Company (NYSE: TKR) today announced it has signed an agreement to sell the assets of its Needle Roller Bearings business, which primarily serves...
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Jul 29, 2009
Click here for full release including financials Volume decline drives loss for the quarter and reduced full-year earnings outlook Cost-reduction initiatives on track Strong cash from operations...
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Jul 27, 2009
CANTON, Ohio: July 27, 2009 –The Timken Company (NYSE:TKR) today announced it is in advanced discussions regarding the potential sale of its Needle Roller Bearings Business. However, the...
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Jul 16, 2009
CANTON, Ohio: July 16, 2009 – The Timken Company (NYSE:TKR) will release its 2009 second-quarter financial results on Wednesday, July 29, 2009, prior to the opening of the New York Stock...
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Jun 17, 2009
CANTON, Ohio: June 17, 2009 —The Timken Company (NYSE: TKR) is supplying tapered roller bearings for longwall shearer loaders used in underground coal mines in Poland. The loaders are...
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May 27, 2009Self-powered paper mill runs on resource recovery with Timken reliability-assurance technology
CANTON, Ohio: May 27, 2009 — The Timken Company (NYSE: TKR) said its StatusCheck® wireless monitoring system is helping to keep critical equipment running at one of America's most...
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Apr 27, 2009Continuing global downturn drives first-quarter sales decline of 33 percent compared with 2008
CANTON, Ohio -- The Timken Company (NYSE: TKR) today reported sales of $960.4 million during the first quarter of 2009, a decrease of 33 percent over the same period a year ago. Significant volume...
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Apr 22, 2009
CANTON, Ohio: April 22, 2009 – Being a good corporate citizen isn’t something new to The Timken Company (NYSE:TKR), but having a report in one place which details how Timken earns the...
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Apr 14, 2009
CANTON, Ohio: April 14, 2009 – The Timken Company (NYSE:TKR) will release its 2009 first-quarter financial results on Monday, April 27, 2009, prior to the opening of the New York Stock...
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Apr 8, 2009Company scores in top 95% for accounting, governance and management practices
CANTON, Ohio: April 8, 2009 — The 110-year-old Timken Company (NYSE: TKR) has long been known for conservative management and foundational values that stress ethics and integrity above all....
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Mar 24, 2009Company supplies axle assembly to BEML Ltd.
CANTON, Ohio: March 24, 2008 — The Timken Company (NYSE: TKR) today announced that it supplied axle bearing assemblies to BEML Ltd. for use on eight prototype coaches being manufactured for...
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Mar 9, 2009
CANTON, Ohio: March 9, 2009 — The Timken Company (NYSE: TKR) has signed a long-term, multi-year agreement to supply wind turbine gearbox bearings for Nanjing High Speed Gear Manufacturing...
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Mar 5, 2009New bearings extend service life, improve reliability
CANTON, Ohio: March 5, 2009 — Applying its in-depth knowledge of friction management, The Timken Company (NYSE: TKR) has redesigned its precision bearings to create a longer-lasting dental...
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Mar 2, 2009Targets savings of $30 to $40 million
CANTON, Ohio: March 2, 2009 — The Timken Company (NYSE: TKR) has announced it is realigning its organization to improve efficiency and reduce costs. “We are taking actions to align our...
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Mar 2, 2009
CANTON, Ohio: March 2, 2009 — The Timken Company (NYSE: TKR) today announced several leadership changes as part of an organizational realignment for increased operating efficiency. “We are...
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Feb 23, 2009Outrunner® products enhance Timken aftermarket portfolio
CANTON, Ohio: Feb. 23, 2009 — Dedicated to delivering increased uptime and reliability to the heavy-duty truck aftermarket, The Timken Company (NYSE:TKR) is expanding its line of wheel seals...
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Feb 18, 2009
CANTON, Ohio: Feb. 18, 2009 – The Timken Company (NYSE: TKR) is scheduled among presenters at the ISI Industrial Investor Conference on March 3, 2009, at 2:15 p.m. Eastern Time in New York City.
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Feb 12, 2009Product benefits customers in industrial, energy and bearing markets
CANTON, Ohio: Feb. 12, 2009 – The Timken Company (NYSE: TKR) is helping customers deliver products to end users faster by now producing its hot rolled seamless mechanical steel tubing up to...
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Feb 3, 2009
CANTON, Ohio – Feb. 3, 2009 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 18 cents per share. The dividend is payable on Mar....
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Jan 29, 2009Company posts record annual sales, earnings and cash from operations despite challenging fourth quarter
CANTON, Ohio: Jan. 29, 2009 - The Timken Company (NYSE: TKR) today reported sales of $5.7 billion for 2008, an increase of 8 percent from a year ago. During the year, the company benefited from...
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Jan 21, 2009
CANTON, Ohio: Jan. 21, 2009 — The Timken Company (NYSE:TKR) today announced that it is supplying hot-rolled steel bars to Frisa Aerospace, a manufacturer of seamless rolled rings for...
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Jan 16, 2009
CANTON, Ohio: Jan. 16, 2009 - The Timken Company (NYSE:TKR) will announce its 2008 annual and fourth-quarter financial results on Thursday, Jan. 29, 2009, prior to the opening of the New York...
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Jan 13, 2009
CANTON, Ohio: Jan. 13, 2009 — The Timken Company (NYSE: TKR) marked its fourth time on this year’s Forbes Platinum 400, the magazine’s 11th annual compilation of the “Best Big...
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Jan 8, 2009Spherical, cylindrical products for Jaypee Group mills and fans
CANTON, Ohio – Jan. 8, 2009 – The Timken Company (NYSE: TKR) will supply large-bore bearings for critical applications in cement-making equipment used by Jaypee Group, India’s...
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Dec 10, 2008New courses designed to help increase uptime and performance
CANTON, Ohio – Dec. 10, 2008 – The Timken Company (NYSE: TKR) today announced that it is hosting Reliability Training Workshops in 2009 to educate engineers, distributors and...
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Dec 9, 2008SMS Demag to build plate mill, slab caster
CANTON, Ohio — Dec. 9, 2008 — The Timken Company (NYSE: TKR) today announced that it is supplying anti-friction bearings to SMS Demag AG for installation in a plate mill and slab...
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Dec 2, 2008AP™ bearing assembly reduces maintenance costs, improves fuel efficiency
CANTON, Ohio — Dec. 2, 2008 — The Timken Company (NYSE: TKR) announced today that it has received a $16 million order to supply Timken® AP™ Class E bearings for use on Indian...
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Nov 13, 2008$60 million investment in Ohio extends differentiation and meets demand for high-performance steel
CANTON, Ohio — Nov. 13, 2008 — The Timken Company (NYSE: TKR) today officially opened a new $60 million small-bar steel rolling mill that has expanded its portfolio of differentiated...
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Nov 10, 2008Class K freight cars to roll on Timken® AP-2™ rail bearings
CANTON, Ohio — Nov. 10, 2008 — The Timken Company (NYSE: TKR) announced today that metals and mining company, Companhia Vale do Rio Doce (Vale), awarded Timken with a contract for 600...
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Nov 7, 2008
CANTON, Ohio – Nov. 7, 2008 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 18 cents per share. The dividend is payable on Dec....
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Nov 3, 2008Timken Extends Aerospace Aftermarket Product Portfolio
CANTON, Ohio — Nov. 3, 2008 — The Timken Company (NYSE: TKR) today announced it has acquired the assets of EXTEX Ltd., a leading designer and marketer of high-quality replacement...
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Oct 28, 2008
CANTON, Ohio — Oct. 28, 2008 — The Timken Company (NYSE: TKR) today announced that its new joint venture, Timken XEMC (Hunan) Bearings Co., Ltd., broke ground on a new wind energy...
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Oct 24, 2008Company reaffirms record full-year earnings outlook
CANTON, Ohio – Oct. 24, 2008 – The Timken Company (NYSE: TKR) today reported record third-quarter sales of $1.48 billion, an increase of 18 percent over the same period a year ago....
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Oct 23, 2008
CANTON, Ohio – Oct. 23, 2008 – The Timken Company (NYSE: TKR) today announced plans to expand production capacity at its Tyger River facility in Union, S.C., to serve the wind energy...
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Oct 21, 2008Proprietary design helps lengthen maintenance intervals and optimize bearing performance
CANTON, Ohio – Oct. 21, 2008 – The Timken Company (NYSE: TKR) is launching a new series of heavy-duty hub rebuild kits to help simplify wheel-end rebuilds for heavy truck maintenance...
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Oct 20, 2008Designed to resist corrosion and meet tighter tolerances
CANTON, Ohio – Oct. 20, 2008 – The Timken Company (NYSE: TKR) today announced that it is expanding its offering of thin-section ball bearings to provide a standard line of bearings...