CANTON, Ohio--(BUSINESS WIRE)--Nov. 20, 2007--The Timken Company (NYSE:TKR) announced today that its bearing assemblies were used as components in the major production systems supplied by SMS Demag AG for the new SeverCorr steel plant near Columbus, Miss.
SeverCorr, a joint venture between Russian and U.S. steelmakers, ranks among the world's most modern producers. Initially, SeverCorr will produce 1.5 million tons annually of high-quality flat-rolled steel for use in the automotive, construction, agricultural and appliance industries. In April, the company announced plans for a second production line to more than double the mill's capacity.
SMS Demag provided melt equipment, hot and cold rolling mills, galvanizing and pickle lines and a temper mill for the new plant. The Timken(R) bearing assemblies are installed in gear units, roller tables and continuous casting equipment, as well as in the roll necks of the hot and cold rolling mills.
"Timken experts customized the bearing assemblies to maximize mill performance and product quality," said Michael J. Connors, Timken president - process industries. "It's the combination of global product technology with local service that makes the difference to customers like SMS Demag."
About SMS Demag
SMS Demag AG belongs to the group of companies headed by SMS GmbH, headquartered in Dusseldorf, Germany. This holding company brings together a group of international plant construction and mechanical engineering companies specializing in processing steel, non-ferrous metals and plastics. In 2006, some 9,000 employees worldwide generated sales of approximately 2.83 billion euros.
SeverCorr is a joint venture of SteelCorr, a group of steel industry veterans, and Severstal, the international steel firm with substantial assets in metallurgy, mining, automobile manufacture, machinery, transportation and other businesses. SeverCorr was organized to build a new state-of-the-art steel mill in the southern United States where demand for high-quality steels has grown rapidly in recent years.
About The Timken Company
The Timken Company (NYSE:TKR, http://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(TM) for better performance.
CONTACT: The Timken Company
Jeff Dafler, Manager - Global Media &
Government Relations, 330-4713514
Steve Tschiegg, Manager - Investor
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SOURCE: The Timken Company