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TimkenSteel
Latest News
Timken Acquires City Scrap and Salvage
03 January 2011 - Timken subsidiary TSB Metal Recycling LLC has purchased the assets of City Scrap and Salvage Co. of Akron, Ohio. City Scrap has been supplying Timken with ferrous scrap for more than 15 years.
Timken Names New Leader of Global Quality
09 December 2010 - The Timken Co. has named Russell F. Folger as Vice President – Quality Advancement. He assumes the leadership role formerly held by Donna J. Demerling, who retires at the end of December after 38 years with the company.
Timken to Increase Prices on Cold-Drawn Tubing
31 August 2010 - Timken announces plans to increase prices on cold-drawn carbon and alloy seamless mechanical tubing by up to 30%, depending on size and product specification.
Timken to Invest $50 Million in Ohio Steel Plants
13 August 2010 - Timken announces plans to invest approximately $50 million for the installation of a new intermediate finishing line at its Gambrinus Steel Plant and expansion of the steel lay-down yard at the small-bar mill at its Harrison Steel Plant.
Timken Teams with Habitat for Humanity to Build LEED-Certified Home
02 July 2010 - A team of volunteers from The Timken Co. will construct Habitat of Greater Stark and Carroll Counties’ first-ever LEED-certified home in Canton, Ohio. The group will begin construction in July on the new home.
Timken Named to List of Most Ethical Companies
29 March 2010 - The Timken Co. has been recognized as one of the World's Most Ethical Companies for 2010 by the Ethisphere Institute, an international organization focused on the advancement of best practices in business ethics, corporate responsibility, and sustainability.
Timken Reports 2009 Results, 2010 Outlook
03 February 2010 - The Timken Co. reported a net loss of $20.2 million on sales of $774.6 million for the fourth quarter and a net loss of $134.0 million on sales of $3.1 billion for the year 2009.
Timken Finalizes Sale of Needle Roller Bearings Business
05 January 2010 - The Timken Co. has completed the sale of its Needle Roller Bearings business to Japan’s JTEKT Corp. The business manufactures highly engineered needle roller bearings for automotive and industrial applications.
Timken Board Elects New Director
12 November 2009 - The Timken board of directors has elected John M. Ballbach as a director of the company, for a term that expires at the company’s annual meeting in 2011.
Timken Reports Third-Quarter Results
30 October 2009 - Timken reports a net loss of $50.1 million on sales of $763.6 million for the third quarter, and a net loss of $113.8 million on sales of $2.37 billion for the first nine months of 2009.
Timken and Union Agree on Proposed Contract
19 October 2009 - Timken and USW Local 1123 reach agreement on a new four-year contract covering associates at the company's facilities in Canton, Ohio.
Timken Prices Public Offering of Senior Unsecured Notes
14 September 2009 - Timken has priced a public offering of $250 million of 6.00% Senior Unsecured Notes due 2014 in an underwritten public offering, which is expected to close on September 14.
Timken Collaborates with Daido to Expand in Asia
03 September 2009 - The Timken Co. is now able to more readily offer its high-performance, premium engineered steel solutions to customers in Asia thanks to an initial five-year agreement with Daido Steel Co. Ltd.
Timken Reports 2nd Quarter Results
31 July 2009 - Timken reports a loss of $64.5 million on sales of $828.9 million for the second quarter, and a net loss of $63.6 million on sales of $1.79 billion for the first six months of 2009.
Timken to Sell Needle Roller Bearings Business to JTEKT
30 July 2009 - Timken signs agreement to sell the assets of its Needle Roller Bearings business, which serves primarily the automotive OE sector, to Japan’s JTEKT Corp. in a cash transaction.
SMS Meer Commissions Three-Roll Precision Block for Timken Bar Mill
23 June 2009 - Timken and SMS Meer jointly commission Timken’s Harrison Steel Plant bar mill, which was recently expanded with a new three-roll precision sizing mill and bar finishing end.
AISI Awards 2009 Gary Memorial Medal to Timken Chairman
06 May 2009 - The American Iron and Steel Institute awards its 2009 Gary Memorial Medal to Timken Chairman, Ward J. ‘Tim’ Timken Jr. during AISI’s 117th General Meeting in Phoenix.
Timken Reports 1st Quarter 2009 Results
28 April 2009 - The Timken Company today reported sales of $960.4 million during the first quarter of 2009
Timken Reports 1st Quarter 2009 Results
28 April 2009 - The Timken Company today reported sales of $960.4 million during the first quarter of 2009
Timken Debuts Global Citizenship Report on Earth Day
23 April 2009 - Timken debuts global citizen report detailing the company’s strategies and goals as well as key environmental accomplishments in 2008.
