TimkenSteel
Latest News
Timken Acquires Standard Machine, Expanding Its Industrial Services Offering in Canada
14 May 2013 - The Timken Company announced the continued expansion of its industrial services capabilities with the acquisition of the Standard Machine business based in Saskatoon, Saskatchewan, Canada.
Timken Shareholders Support Proposal to Spin Off Steel Business
07 May 2013 - Timken shareholders voted to support the non-binding shareholder proposal to spin off the company's Steel business with approximately 47% of the outstanding shares voted for the proposal and 41% of the outstanding shares voted against the proposal.
Steelworkers Oppose Shareholder-Proposed Timken Split
23 April 2013 - The United Steelworkers (USW) said that the union supports Timken Co. management's opposition to a shareholder proposal that calls for splitting the company into distinct bearing and steel divisions.
Timken Awards Scholarships Worth Nearly $800,000 to Students at 24 Locations Worldwide
19 April 2013 - The Timken Company has awarded scholarships to 38 children of Timken employees at 24 locations in six countries around the world.
Timken Brings In-Line Forge Press, Intermediate Finishing Line and Heat-Treat Investments On Line
10 April 2013 - The Timken Company announced the completion of three previously announced capital investment projects totaling US$85 million. The Steel business investments include an open-die in-line forge press at the Faircrest Steel Plant in Canton, Ohio, and an intermediate finishing line and a second induction thermal treatment line at the Gambrinus Steel Plant, also in Canton.
Timken Brings In-Line Forge Press, Intermediate Finishing Line and Heat-Treat Investments On Line
10 April 2013 - The Timken Company announced the completion of three previously announced capital investment projects totaling US$85 million. The Steel business investments include an open-die in-line forge press at the Faircrest Steel Plant in Canton, Ohio, and an intermediate finishing line and a second induction thermal treatment line at the Gambrinus Steel Plant, also in Canton.
The Timken Co. Encourages Shareholders to Reject Proposal to Spin-Off Its Steel Business
02 April 2013 - The Timken Company sent a letter urging its shareholders to support the company's proven strategy of creating shareholder value and to vote against Item No. 6 of its proxy statement, the shareholder proposal to spin-off the Steel business.
Timken Further Diversifies Portfolio with Acquisition of Interlube Systems Ltd.
13 March 2013 - The Timken Company announced its acquisition of Interlube Systems Ltd., which makes and markets automated lubrication delivery systems and related components to end market sectors including commercial vehicles, construction, mining, and heavy and general industries.
Timken Delivers Strong 2012 Results; Provides Outlook for 2013
24 January 2013 - The Timken Co. reported overall strong results for the 2012 year but noted lower shipments in its steel segment, primarily in the industrial and oil and gas market sectors, which were offset by improved pricing.
Timken Acquires Wazee Companies, Expands Industrial Service Offerings
02 January 2013 - The Timken Company announced its acquisition of the assets of Wazee Companies, LLC, a regional leader providing motor, generator, wind and industrial crane services to diverse end markets including oil and gas, wind, agriculture, material handling and construction.
Timken Responds to OSHA Fines
17 December 2012 - Timken Co. says its Canton steel plant has “a favorable safety record” and the company is working quickly to correct issues, the Akron Beacon Journal reports.
OSHA Fines Timken $170,500 After Safety Violations at Ohio Steel Mill
17 December 2012 - The U.S. Department of Labor's Occupational Safety and Health Administration (OSHA) has cited Timken Co. for 12 alleged safety violations, including five repeat, after conducting a complaint inspection in June at the steel mill in Canton, Ohio, which manufactures roller bearings.
Timken Reports Third Quarter Results Impacted by Fragile Economy, Declining Demand
25 October 2012 - The Timken Company reported lower sales in the third quarter due to weak demand, lower surcharges and the impact of currency, and is expecting even lower shipments to customers in many of its global markets in the fourth quarter.
Timken Announces Additional Leadership Appointments
28 August 2012 - The Timken Company has appointed new leaders to the following positions: president of the company’s China business; managing director and director of manufacturing operations in India; vice president - quality advancement; and senior vice president of planning and development.
Timken Names Leaders to Key Supporting Roles
28 August 2012 - The Timken Company announced the appointment of four new leaders within its Bearings and Power Transmission group, reporting to Christopher A. Coughlin, group president: John W. Beam, vice president for supply chain; Richard M. Boyer, vice president of manufacturing; Hans Landin, vice president of business advancement; and Michael P. Morgan, controller.
Timken Announces New Appointments
13 August 2012 - The Timken Company announced the appointment of Kevin Beck to assistant treasurer for Corporate Treasury. In addition, Paul Locke has been named controller for Aerospace and Defense.
Timken Appoints Two Key Executives to New Leadership Positions
07 August 2012 - The Timken Company announced that Christopher A. Coughlin and Richard G. Kyle have been named to the newly created positions of group presidents. In these roles, Coughlin and Kyle will be responsible for all activities related to the company's four business segments.
Timken Reports Second Quarter Results; Revises Full-Year Outlook
26 July 2012 - The Timken Company reported its results for the second quarter of 2012; its steel segment sales were slightly lower than last year as increased pricing and a favorable mix were offset by lower shipments.
The Timken Company Board Elects Diane C. Creel as Director
15 June 2012 - The Timken Company's board of directors has elected Diane C. Creel, age 63, as a director of the company, for a term that expires at the company's annual meeting in 2013.
Timken Supplies Bearings for Large Vertical Slag Mill in China
11 May 2012 - The Timken Co. has supplied bearings for one of China's largest vertical slag mills, featuring a 5.7-meter (18.7-feet) grinding table. The mill was developed by CITIC Heavy Industries Co. Ltd., one of China's top manufacturers of cement-producing equipment.
