CANTON, Ohio, June 8 /PRNewswire/ -- 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 for its drill collars.
"Like us, our customers are always looking for high-quality products that offer outstanding performance," said Jingrong Chen, president of Julong PetroMaterials America. "Timken's premium offering means that we have a solution that results in improved quality and value. We've worked in China for more than 12 years, and it makes us proud to align with Timken to better serve our customers."
Julong PetroMaterials manufactures and sells high-quality, premium products for oil development and is one of the largest drilling tool manufacturers and distributors for China. A drill collar is the heavy tubular connector between a drill pipe and a drill bit.
"Drill collars do the dirty work in a drill string where the environments are really harsh and few mills are able to produce these long tubes needed for this application. We were able to tap into our expertise in manufacturing and materials science to create a cost-effective, high-quality solution for Julong," said Jeff Hoerr, director of international alloy steel sales and marketing for Timken in China. "Our goal is to improve our customers' performance, and we're pleased to share in that success with Julong."
About Julong PetroMaterials
Julong PetroMaterials is a leading company in the manufacturing and distribution of drilling tools and materials to the Chinese oil energy market. The company was established in Japan in 1986 with annual sales of $60 million in 2005. It has eight manufacturing joint ventures in China and Japan, five sales offices in China and a branch office in Houston, Texas.
About The Timken Company
The Timken Company (NYSE: TKR, www.timken.com) keeps the world turning, with innovative ways to make customers' products run smoother, faster and more efficiently. Timken's highly engineered bearings, alloy steels and related products and services turn up everywhere. With operations in 27 countries, sales of $5.2 billion in 2005 and 27,000 employees, Timken is Where You Turn™ for better performance.
Media Contact: Jeff Dafler, Manager - Global Media & Government Relations,
Telephone: (330) 471-3514, Facsimile: (330) 471-7032, jeff.dafler@timken.com
Investor Contact: Steve Tschiegg, Manager - Investor Relations, Telephone:
(330) 471-7446, Facsimile: (330) 471-2797, steve.tschiegg@timken.com
SOURCE The Timken Company