CANTON, Ohio — Oct. 13, 2008 — The Timken Company (NYSE: TKR) announced today that Toyota Motor Manufacturing Kentucky is among a growing number of users that have documented cost savings and a reduction in downtime with the Timken® StatusCheck® condition monitoring system.
The StatusCheck system is a wireless system designed to monitor bearing operating conditions and issue alerts when it detects excessive levels of temperature and vibration. This system is a cost-effective method that reports potential faults immediately, providing users with an opportunity to identify potential problems and avert costly repairs.
Maintenance personnel in the Toyota plastics shop in Georgetown, Ky., use StatusCheck equipment to complement their existing predictive vibration analysis program. In one incident, "project team members conducted our standard checks and identified a defect in the outer race of a fan bearing," said Rick Heifner, oil and vibration analyst in the plant's plastics department. "We placed a StatusCheck unit on the equipment. The StatusCheck data alerted us to a significant change in the bearing's condition. We replaced the bearing and averted a serious problem that could have caused 16 hours of downtime. Because we acted quickly, the bearing did not damage the shaft and we saved the expense of replacing it."
Timken developed StatusCheck as part of its complete predictive maintenance program, which focuses on increasing efficiency in plant operations. Customers in the mining, power generation, metal rolling and general manufacturing industries have reported cost savings ranging from tens of thousands to millions of dollars and increased efficiency in their operations.
"The StatusCheck system's advanced technology offers plant and maintenance personnel another tool to help prevent costly, unplanned downtime," said Daniel Szoch, Timken manager – sales and marketing – reliability solutions. "Many customers have realized a rapid return on their initial investment and have expanded their systems to include numerous StatusCheck units. The cost savings for one major manufacturer exceeded $2 million."
StatusCheck can be mounted via an internal magnet or by a threaded adaptor. Its rugged construction makes it ideally suited for use in harsh environments. Its integrated software allows for notification of alarms via computer or cell phone text messages.
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
Media Contact: Jeff Dafler
Manager - Global Media & Government Relations
Investor Contact: Steve Tschiegg
Manager - Investor Relations
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