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Timken to Supply Bearings, Maintenance Services for JSW Cold Mill
07/06/2007 - Timken will supply JSW Steel with bearings for its new cold-rolling steel mill, and will also supply rolling mill maintenance services once the mill’s construction is complete.
The Timken Co. has been awarded a contract to supply JSW Steel Ltd., India, with bearings for its new cold-rolling steel mill. Once construction is complete, Timken will also provide its MillTec™ rolling mill maintenance services. The two new contracts for bearings and services are valued at approximately $1.2 million.
JSW is adding the steel mill as part of its plans to increase annual production from a current 3.8 million tonnes to 30 million tonnes by 2010.
"JSW Steel has become an important Indian manufacturer and a valued customer for Timken as we continue to grow our business along with India's dynamic market," said David White, Timken's Director of Sales and Marketing in India.
Timken first began working with JSW Steel in 2000 as a bearing supplier for its hot-strip mill at the Vijaynagar complex. In 2004, Timken began offering its customized MillTec services, which included responsibility for managing the roll-shop operation. Timken associates work on-site, applying the company's knowledge of friction management to increase operating efficiency.
When MillTec services first began at JSW, the hot-strip mill was experiencing significant bearing failures. The Timken team worked with JSW on those problems to help improve productivity. "Timken proved the value of its MillTec team, which identified the problem, suggested solutions and implemented a plan of corrective action," White said.
JSW Steel Ltd. is part of the O. P. Jindal Group, a $4-billion conglomerate with diversified interests in mining, carbon steel, power, industrial gases and port facilities. JSW Steel Ltd. is engaged primarily in the manufacture of flat products such as hot-rolled coils, and galvanized products. It has the largest galvanizing production capacity in India and is the largest exporter of galvanized products with a presence in over 74 countries across five continents.
Timken provides innovative friction management and power transmission products and services. Approximately 25,000 employees generated sales of $5.0 billion in 2006 from operations in 26 countries.
