CANTON, Ohio — May 13, 2008 — The Timken Company (NYSE: TKR) announced today that it has signed a long-term agreement to operate a rail bearing reconditioning unit for America Latina Logistica S.A. (ALL), the largest independent railroad operation in Brazil. The reconditioning will be housed on site at ALL’s plant in Sorocaba.
Timken’s bearing engineers will operate the unit, providing the equipment and technical knowledge required to return ALL’s used bearings to like-new condition. Timken will utilize its proprietary software to analyze damaged bearings, measuring variables such as bearing end-play and loads. The software will also help ensure proper remanufacture and installation. The result is a reconditioned bearing that performs like a new bearing but at a considerable cost savings.
“Having Timken engineers and their bearing service capabilities on site will contribute to increased productivity for ALL and longer intervals between maintenance cycles,” said Roberto Monteiro, director of operations for ALL.
“Timken’s rail reconditioning business has helped logistics and transportation companies around the world maximize their investment in rail bearings. These operators not only save money by having our engineers recondition their bearings, but they also benefit from immediate service on site as well as enhanced maintenance practices,” said Hans Landin, Timken’s director of rail.
About America Latina Logistica S.A.
America Latina Logistica S.A. is the largest independent railroad operation in Brazil and in Latin America with almost 21,000 km (13,020 miles) of tracks. ALL has invested in technology, safety, track repair, constructions of crossing areas and recovery and acquisition of assets. Today the company has nearly 1,000 locomotives, 29,500 freight cars and 1,300 road vehicles.
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 $5.2 billion in 2007, operations in 27 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.
Source: The Timken Company
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