Press Releases
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Jan 20, 2010
CANTON, Ohio: January 20, 2010 — When the road gets rough, sometimes it pays to keep on trucking. Timken did that during the recessionary year of 2009, and managed a modest sales increase in...
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Jan 19, 2010
CANTON, Ohio: Jan. 19, 2010 - The Timken Company (NYSE:TKR) will release its 2009 fourth-quarter and annual financial results on Tuesday, Feb. 2, 2010, prior to the opening of the New York Stock...
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Dec 31, 2009
CANTON, Ohio: Dec. 31, 2009 — The Timken Company (NYSE: TKR) today announced it completed the sale of its Needle Roller Bearings business to Japan’s JTEKT Corporation. Timken received...
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Dec 1, 2009
CANTON, Ohio: Dec. 1, 2009 — The Timken Company (NYSE: TKR) today announced the appointment of Kari Groh to the position of vice president – communications and public relations. Groh...
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Nov 25, 2009
CANTON, Ohio – Nov. 25, 2009 – The Timken Company (NYSE: TKR) is scheduled to be among presenters at the Bank of America Merrill Lynch Global Industries Investor Conference on Dec. 9,...
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Nov 10, 2009
CANTON, Ohio – November 10, 2009 – The Timken Company’s (NYSE: TKR) board of directors has elected John M. Ballbach, age 49, as a director of the company, for a term that expires at...
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Nov 10, 2009
CANTON, Ohio – Nov. 10, 2009 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 9 cents per share. The dividend is payable on Dec....
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Oct 29, 2009Cost controls and working-capital management drive third-quarter earnings and cash flow
CANTON, Ohio: Oct. 29, 2009 — The Timken Company (NYSE: TKR) today reported sales of $763.6 million for the third quarter of 2009, a decrease of 43 percent over the same period a year ago....
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Oct 19, 2009
CANTON, Ohio: October 19, 2009 — The Timken Company (NYSE: TKR) has been steadily expanding its aerospace business over the past decade, servicing more than 30,000 main engines, gearboxes,...
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Oct 15, 2009
CANTON, Ohio: Oct. 15, 2009 – The Timken Company (NYSE:TKR) will release its 2009 third-quarter financial results on Thursday, Oct. 29, 2009, prior to the opening of the New York Stock...
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Oct 15, 2009
October 15, 2009 – The Timken Company and the United Steel Workers (USW) Local 1123 today announced they have reached agreement on a new four-year contract. The current contract was extended...
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Sep 24, 2009Patented magnetic technology increases reliability in harsh conditions
CANTON, Ohio: September 24, 2009 — The Timken Company (NYSE: TKR) announced today that it has launched a new packaged, industrial magnetic encoder designed to provide increased reliability...
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Sep 9, 2009
CANTON, Ohio: September 9, 2009 — The Timken Company (NYSE: TKR) announced that it has priced a public offering of $250 million of 6.00% Senior Unsecured Notes due 2014 (the “Notes”) in...
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Sep 2, 2009
CANTON, Ohio: September 2, 2009 — The Timken Company (NYSE: TKR) announced an expanded ability to offer its high-performance, premium engineered steel solutions to customers in Asia,...
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Aug 28, 2009
CANTON, Ohio: Aug. 28, 2009 -- The Timken Company is scheduled to be among presenters at the Longbow Industrial Products Investor Conference on Sept. 10, 2009, at 1:00 p.m. Eastern Time in New...
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Aug 11, 2009Delivering full-line solutions for industrial distribution channel
Bangalore, India: August 11, 2009 — The Timken Company announced that Timken India Ltd. has signed a marketing agreement with India’s Spareage Seals Limited, which will allow Timken to...
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Aug 4, 2009
CANTON, Ohio – Aug. 4, 2009 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 9 cents per share. The dividend is payable on Sep. 3,...
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Jul 29, 2009
CANTON, Ohio: July 29, 2009 — The Timken Company (NYSE: TKR) today announced it has signed an agreement to sell the assets of its Needle Roller Bearings business, which primarily serves...
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Jul 29, 2009
Click here for full release including financials Volume decline drives loss for the quarter and reduced full-year earnings outlook Cost-reduction initiatives on track Strong cash from operations...
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Jul 27, 2009
CANTON, Ohio: July 27, 2009 –The Timken Company (NYSE:TKR) today announced it is in advanced discussions regarding the potential sale of its Needle Roller Bearings Business. However, the...
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Jul 16, 2009
CANTON, Ohio: July 16, 2009 – The Timken Company (NYSE:TKR) will release its 2009 second-quarter financial results on Wednesday, July 29, 2009, prior to the opening of the New York Stock...
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Jun 17, 2009
CANTON, Ohio: June 17, 2009 —The Timken Company (NYSE: TKR) is supplying tapered roller bearings for longwall shearer loaders used in underground coal mines in Poland. The loaders are...
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May 27, 2009Self-powered paper mill runs on resource recovery with Timken reliability-assurance technology
CANTON, Ohio: May 27, 2009 — The Timken Company (NYSE: TKR) said its StatusCheck® wireless monitoring system is helping to keep critical equipment running at one of America's most...
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Apr 27, 2009Continuing global downturn drives first-quarter sales decline of 33 percent compared with 2008
CANTON, Ohio -- The Timken Company (NYSE: TKR) today reported sales of $960.4 million during the first quarter of 2009, a decrease of 33 percent over the same period a year ago. Significant volume...
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Apr 22, 2009
CANTON, Ohio: April 22, 2009 – Being a good corporate citizen isn’t something new to The Timken Company (NYSE:TKR), but having a report in one place which details how Timken earns the...
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Apr 14, 2009
CANTON, Ohio: April 14, 2009 – The Timken Company (NYSE:TKR) will release its 2009 first-quarter financial results on Monday, April 27, 2009, prior to the opening of the New York Stock...
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Apr 8, 2009Company scores in top 95% for accounting, governance and management practices
CANTON, Ohio: April 8, 2009 — The 110-year-old Timken Company (NYSE: TKR) has long been known for conservative management and foundational values that stress ethics and integrity above all....
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Mar 24, 2009Company supplies axle assembly to BEML Ltd.
CANTON, Ohio: March 24, 2008 — The Timken Company (NYSE: TKR) today announced that it supplied axle bearing assemblies to BEML Ltd. for use on eight prototype coaches being manufactured for...
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Mar 9, 2009
CANTON, Ohio: March 9, 2009 — The Timken Company (NYSE: TKR) has signed a long-term, multi-year agreement to supply wind turbine gearbox bearings for Nanjing High Speed Gear Manufacturing...
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Mar 5, 2009New bearings extend service life, improve reliability
CANTON, Ohio: March 5, 2009 — Applying its in-depth knowledge of friction management, The Timken Company (NYSE: TKR) has redesigned its precision bearings to create a longer-lasting dental...
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Mar 2, 2009Targets savings of $30 to $40 million
CANTON, Ohio: March 2, 2009 — The Timken Company (NYSE: TKR) has announced it is realigning its organization to improve efficiency and reduce costs. “We are taking actions to align our...
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Mar 2, 2009
CANTON, Ohio: March 2, 2009 — The Timken Company (NYSE: TKR) today announced several leadership changes as part of an organizational realignment for increased operating efficiency. “We are...
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Feb 23, 2009Outrunner® products enhance Timken aftermarket portfolio
CANTON, Ohio: Feb. 23, 2009 — Dedicated to delivering increased uptime and reliability to the heavy-duty truck aftermarket, The Timken Company (NYSE:TKR) is expanding its line of wheel seals...
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Feb 18, 2009
CANTON, Ohio: Feb. 18, 2009 – The Timken Company (NYSE: TKR) is scheduled among presenters at the ISI Industrial Investor Conference on March 3, 2009, at 2:15 p.m. Eastern Time in New York City.
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Feb 12, 2009Product benefits customers in industrial, energy and bearing markets
CANTON, Ohio: Feb. 12, 2009 – The Timken Company (NYSE: TKR) is helping customers deliver products to end users faster by now producing its hot rolled seamless mechanical steel tubing up to...
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Feb 3, 2009
CANTON, Ohio – Feb. 3, 2009 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 18 cents per share. The dividend is payable on Mar....
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Jan 29, 2009Company posts record annual sales, earnings and cash from operations despite challenging fourth quarter
CANTON, Ohio: Jan. 29, 2009 - The Timken Company (NYSE: TKR) today reported sales of $5.7 billion for 2008, an increase of 8 percent from a year ago. During the year, the company benefited from...
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Jan 21, 2009
CANTON, Ohio: Jan. 21, 2009 — The Timken Company (NYSE:TKR) today announced that it is supplying hot-rolled steel bars to Frisa Aerospace, a manufacturer of seamless rolled rings for...
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Jan 16, 2009
CANTON, Ohio: Jan. 16, 2009 - The Timken Company (NYSE:TKR) will announce its 2008 annual and fourth-quarter financial results on Thursday, Jan. 29, 2009, prior to the opening of the New York...
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Jan 13, 2009
CANTON, Ohio: Jan. 13, 2009 — The Timken Company (NYSE: TKR) marked its fourth time on this year’s Forbes Platinum 400, the magazine’s 11th annual compilation of the “Best Big...
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Jan 8, 2009Spherical, cylindrical products for Jaypee Group mills and fans
CANTON, Ohio – Jan. 8, 2009 – The Timken Company (NYSE: TKR) will supply large-bore bearings for critical applications in cement-making equipment used by Jaypee Group, India’s...
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Dec 10, 2008New courses designed to help increase uptime and performance
CANTON, Ohio – Dec. 10, 2008 – The Timken Company (NYSE: TKR) today announced that it is hosting Reliability Training Workshops in 2009 to educate engineers, distributors and...
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Dec 9, 2008SMS Demag to build plate mill, slab caster
CANTON, Ohio — Dec. 9, 2008 — The Timken Company (NYSE: TKR) today announced that it is supplying anti-friction bearings to SMS Demag AG for installation in a plate mill and slab...
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Dec 2, 2008AP™ bearing assembly reduces maintenance costs, improves fuel efficiency
CANTON, Ohio — Dec. 2, 2008 — The Timken Company (NYSE: TKR) announced today that it has received a $16 million order to supply Timken® AP™ Class E bearings for use on Indian...
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Nov 13, 2008$60 million investment in Ohio extends differentiation and meets demand for high-performance steel
CANTON, Ohio — Nov. 13, 2008 — The Timken Company (NYSE: TKR) today officially opened a new $60 million small-bar steel rolling mill that has expanded its portfolio of differentiated...
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Nov 10, 2008Class K freight cars to roll on Timken® AP-2™ rail bearings
CANTON, Ohio — Nov. 10, 2008 — The Timken Company (NYSE: TKR) announced today that metals and mining company, Companhia Vale do Rio Doce (Vale), awarded Timken with a contract for 600...
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Nov 7, 2008
CANTON, Ohio – Nov. 7, 2008 – The board of directors of The Timken Company (NYSE: TKR) today declared a quarterly cash dividend of 18 cents per share. The dividend is payable on Dec....
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Nov 3, 2008Timken Extends Aerospace Aftermarket Product Portfolio
CANTON, Ohio — Nov. 3, 2008 — The Timken Company (NYSE: TKR) today announced it has acquired the assets of EXTEX Ltd., a leading designer and marketer of high-quality replacement...
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Oct 28, 2008
CANTON, Ohio — Oct. 28, 2008 — The Timken Company (NYSE: TKR) today announced that its new joint venture, Timken XEMC (Hunan) Bearings Co., Ltd., broke ground on a new wind energy...
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Oct 24, 2008Company reaffirms record full-year earnings outlook
CANTON, Ohio – Oct. 24, 2008 – The Timken Company (NYSE: TKR) today reported record third-quarter sales of $1.48 billion, an increase of 18 percent over the same period a year ago....