Timken Breaks Ground on $225 Million Expansion at its Faircrest Steel Plant in Ohio
Targeted for start-up in 2014, the new equipment is expected to increase the Faircrest plant’s shippable capacity by 25 percent and enable the production of a broader range of large-diameter bars.
Timken Awards Scholarships to Students at 19 Locations Worldwide
The scholarships, with a combined value of $310,000 and a total value of up to $790,000 over four years, are funded by The Timken Company Charitable and Educational Fund Inc.
Eaton, Timken, JCI and Others Named Most Ethical Companies
Eaton Corp., Johnson Controls and Timken are among 145 companies named to the Ethisphere Institute’s World’s Most Ethical Companies list for this year.
Marketing Manager, Automotive Aftermarket – Canton, Ohio – The Timken Company
The Marketing Manager position for Automotive Aftermarket, located in Canton, Ohio, leads multiple complex projects incorporating advanced and specialized marketing and analytical techniques.
Timken Announces New Office Complex in Stark County, Ohio
The Timken Co. has announced it will invest $42 million in Stark County, Ohio, to build a new two-story office complex connected to its existing facility near the Akron-Canton airport.
Timken to Invest $225 Million at Faircrest Steel Plant in Ohio
Newly ratified labor agreement with USW clears way for investment. Project targeted at serving energy and industrial market demand; slated to increase productivity and throughput for profitable growth.
Timken Raises Dividend by 15 Percent; Approves Increased Stock Buyback Authorization Plan
Board declares quarterly cash payout of 23 cents per share and increases purchase plan for up to 10 million shares of Timken stock.
Timken and United Steelworkers of America Local 1123 Reach New Tentative Agreement
The parties reached a preliminary agreement in December, but union membership failed to ratify the proposal in a January vote, putting at risk a multi-million dollar investment at Timken’s Stark County, Ohio, plant. Timken is prepared to invest $225 million in its Faircrest Steel Plant if a new labor agreement is ratified.
New Catalogs Showcase Expanded Timken Bearing Lines and Technical Information
The company says these new catalogs complement Timken’s recent portfolio expansion, including its tapered roller bearings, the introduction of several hundred new cylindrical roller bearing part numbers, more than 1,500 new high-performance spherical roller bearings and 200-plus shaft sizes for the Timken SAF split-block housed unit line.
Timken Enhances Heavy Truck Training
These enhancements, found at www.connect.timken.com, include new animated videos to help technicians improve bearing performance as well as three new Heavy-Duty TechTips – topical pieces on correct bearing-fitting practices, proper installation of bearing components and proper lubrication-filling procedures.