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Timken Extends Agreement With North Coast Bearings, Inc.

CANTON, Ohio--(BUSINESS WIRE)--Sept. 18, 2007--The Timken Company (NYSE:TKR) and North Coast Bearings, Inc. (NCB) of Avon, Ohio, have agreed to extend their strategic alliance, which has successfully supplied kits to the automotive aftermarket since it was formed in 1997. NCB is the distributor of DT Components® products marketed by Timken for differentials and transmissions.

 

"Throughout the years, this joint effort has steadily and successfully built upon the strengths of both Timken and NCB," said J. Barry Harris, Timken's marketing manager - automotive aftermarket - North and South America. "NCB's ability to package kit components coupled with Timken's expertise in producing quality bearings has resulted in a tremendous array of kits for today's professional installer."

 

Timken and NCB market and distribute differential and transmission kits and components under the product name DT Components for the light-, medium- and heavy-duty markets. The kits include offerings from Timken's growing portfolio of bearings and other products necessary to complete the work correctly the first time.

 

The alliance's offerings have grown from fewer than 100 kits in 1997 to more than 2,000 today. "We now offer one of the most complete lines of differential and transmission kits available in the U.S. light-, medium- and heavy-duty truck aftermarket," Harris said.

 

Bud Hagy, president and chief executive officer of NCB, said the extension of the alliance also benefits customers. "The aftermarket demand for kits has grown tremendously because of the ever-increasing variety of vehicles in the marketplace," Hagy said. "Timken and NCB are well positioned to meet and exceed customer demand by continuing to supply outstanding value and a breadth of new products."

 

DT Components® is a registered trademark of The Timken Company and is used by North Coast Bearings, Inc. under license agreement.

About North Coast Bearings, Inc.

 

North Coast Bearings, Inc. (NCB) has been supplying differential and transmission kits to distributors and rebuilders since 1983. Product is shipped from their headquarters located in Avon, Ohio, as well as distribution centers in Sparks, Nev., and Crossville, Tenn.

 

About The Timken Company

 

The Timken Company (NYSE: TKR, www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers to perform faster and more efficiently. With sales of $5.0 billion in 2006, operations in 26 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.

 

CONTACT: The Timken Company 
Media Contact: Jeff Dafler
Manager - Global Media & Government Relations
Telephone: 330-471-3514
Facsimile: 330-471-4118
jeff.dafler@timken.com
or
Investor Contact: Steve Tschiegg
Manager - Investor Relations
Telephone: 330-471-7446
Facsimile: 330-471-2797
steve.tschiegg@timken.com
or
For Additional Information:
www.timken.com/media
www.timken.com/investors

 

SOURCE: The Timken Company