Timken

Timken Seeing Strong Demand for Solar Energy Solutions; Wins Solar Project in Australia

Retrieved on: 
Tuesday, August 8, 2023
Timken Company, ATEC, Redstone Solar Thermal Power, Power Construction Corporation of China, TKR, Timken, Research, Wind, Engineering, Cone, Weather, Mohammed bin Rashid Al Maktoum Solar Park, NYSE, Renewable energy

NORTH CANTON, Ohio, Aug. 8, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, is providing slewing drives for the second-largest photovoltaic (PV) solar tracking system project in Australia. Solar tracker manufacturer ATEC chose Timken's Cone Drive solution to help it overcome challenging wind conditions in the mountainous region of New South Wales, where the 280 MW Wollar Solar Farm is being constructed.

Key Points: 
  • Timken has partnered with ATEC on several solar projects, including developments in Zambia and China.
  • The solar farm's developers expect to complete the project and connect it to Australia's national power transmission grid in 2024.
  • Timken has invested heavily in research and development in support of solar and wind energy and has built strong manufacturing, engineering and testing capabilities across its global footprint.
  • Timken and Cone Drive have played a role in significant utility-scale solar tracking system projects, including Al Dhafra PV2 , the world's largest single-site solar power plant; South Africa's Redstone Solar Thermal Power project ; Al Maktoum Solar Park in Dubai; and PowerChina's Jiangxi Electric project .

Custom Glass Solutions Appoints Matthew J. Dietrich Chief Executive Officer

Retrieved on: 
Tuesday, May 23, 2023
Other Manufacturing, Other Transport, Trucking, Rail, Aftermarket, Automotive, General Automotive, Transport, Automotive Manufacturing, Manufacturing, CGS, Carlisle Companies, Ingersoll Rand, American Locomotive Company, Timken, One Glass Solution, Growth, Glass, Management

Custom Glass Solutions, LLC (“CGS”), a leading glass manufacturer focused on transportation applications, has named Matthew J. Dietrich (Matt) Chief Executive Officer, effective May 8, 2023.

Key Points: 
  • Custom Glass Solutions, LLC (“CGS”), a leading glass manufacturer focused on transportation applications, has named Matthew J. Dietrich (Matt) Chief Executive Officer, effective May 8, 2023.
  • Mr. Dietrich has more than 35 years of professional experience successfully scaling, optimizing, and guiding industrial-engineered products businesses in various functional, executive and board leadership roles.
  • Most recently, Mr. Dietrich was CEO of Alco Manufacturing Corporation, one of the largest contract precision machining companies in North America.
  • “The Custom Glass Solutions platform offers a really attractive set of products, process expertise, and technical capabilities that are desirable to our existing customers, and also to a broader set of potential applications and end markets,” said Mr. Dietrich.

Timken Completes Sale of Aerospace Drive Systems Business

Retrieved on: 
Tuesday, November 1, 2022
Knowledge, Timken Company, Efficiency, LLC, NYSE, Simultaneous recruiting of new graduates, Timken, TKR, World, ADS, Sale, Forbes, Ethisphere Institute, Woman, Newsweek

NORTH CANTON, Ohio, Nov. 1, 2022 /PRNewswire/ --The Timken Company (NYSE: TKR; www.timken.com ), a global leader in engineered bearings and industrial motion products, today announced it has closed the sale of its Aerospace Drive Systems (ADS) business to PCX Aerostructures, LLC.

Key Points: 
  • NORTH CANTON, Ohio, Nov. 1, 2022 /PRNewswire/ --The Timken Company (NYSE: TKR; www.timken.com ), a global leader in engineered bearings and industrial motion products, today announced it has closed the sale of its Aerospace Drive Systems (ADS) business to PCX Aerostructures, LLC.
  • ADS is a supplier of drive system components and sub-assemblies for military and civil rotorcraft applications.
  • The Timken Company(NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and industrial motion products.
  • Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies by Ethisphere, and America's Best Employers , Best Employers for New Graduates and Best Employers for Women by Forbes.

Timken to Announce Third-Quarter 2022 Financial Results on Oct. 26

Retrieved on: 
Thursday, October 13, 2022
Knowledge, NYSE, World, Timken, Ethisphere Institute, Simultaneous recruiting of new graduates, Efficiency, Best Employers in Canada, Woman, Timken Company, Forbes, Medicine, Textile, Newsweek

The Timken Company(NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and industrial motion products.

Key Points: 
  • The Timken Company(NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and industrial motion products.
  • With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward.Timken posted $4.1 billion in sales in 2021 and employs more than 18,000 people globally, operating from 43 countries.
  • Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies by Ethisphere and America's Best Employers , America's Best Employers for New Graduates and America's Best Employers for Women by Forbes.

Tapered Roller Bearings Confirm Export Market Expansion: Now Shipping to Over 100 Countries Worldwide

Retrieved on: 
Monday, September 19, 2022
Timken, MTK, IKO, Roll way, Koyo Bear, Tapered roller bearing, Knowledge, GLOBE, Koyo, NTN, Industry, SKF, Outline, Forging, Online shopping, Retail

Today, Tapered Roller Bearings have confirmed an expansion for their export market.

Key Points: 
  • Today, Tapered Roller Bearings have confirmed an expansion for their export market.
  • Stocking both metric and imperial sized tapered roller bearings, housed bearings and needle roller bearings from recognised brands such as IKO, Timken, SKF and Koyo, the export expansion significantly improves global access to the companys vast range of purchasable products.
  • Below, we outline why Tapered Roller Bearings have expanded their geographical shipping and how customers from over 100 countries can benefit from new accessible services:
    Tapered Roller Bearings have created a business model that has quickly cemented their position as a market-leading bearings supplier.
  • Tapered Roller Bearings is the leading online tapered roller bearings specialist.

Enpro Announces Agreement to Sell GGB to Timken for $305 Million

Retrieved on: 
Tuesday, September 6, 2022
Semiconductor, Engineering, Technology, Aerospace, Manufacturing, Other Manufacturing, Security (finance), Food, Technology, College of Arts and Sciences, Garlock Sealing Technologies, Securities Exchange Act of 1934, NYSE, Form 10-K, Friction, NPO, Timken, GGB, Solution, Exercise, AST, Timken Company, Sale, Risk, Nuclear energy, GPT, Quality of life, U.S. Securities and Exchange Commission, Goal, New, BofA Securities, Company, Transaction, Annual report, Growth, Industry, Bird & Bird, Forward-looking statement, Fine chemical, Bank, EnPro Industries

Mr. Vaillancourt continued, I want to thank all of our dedicated GGB colleagues for their work in building a leading global business.

Key Points: 
  • Mr. Vaillancourt continued, I want to thank all of our dedicated GGB colleagues for their work in building a leading global business.
  • Accordingly, Enpro expects to classify the Engineered Materials segment as discontinued operations when it reports its third quarter results.
  • Should the strategic review of GPT result in a sale, Enpro expects to receive approximately $290 million in after-tax net proceeds from these two Engineered Materials divestitures combined.
  • Further, Enpro operates in a continually changing business environment and cannot predict new risk factors that may arise as a result of these changes.

Timken to Announce Second-Quarter 2022 Financial Results on July 28

Retrieved on: 
Thursday, July 14, 2022
Knowledge, Best Employers in Canada, Forbes, Timken, Timken Company, World, Simultaneous recruiting of new graduates, NYSE, Ethisphere Institute, Efficiency, Woman, Medicine, Textile, Newsweek

The Timken Company(NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products.

Key Points: 
  • The Timken Company(NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products.
  • With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward.Timken posted $4.1 billion in sales in 2021 and employs more than 18,000 people globally, operating from 43 countries.
  • Timken has been recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies by Ethisphere and America's Best Employers , America's Best Employers for New Graduates and America's Best Employers for Women by Forbes.

Timken Providing Precision Drives for First-of-Its-Kind Solar Power Project in South Africa

Retrieved on: 
Monday, July 11, 2022
BrightSource Energy, World, Solution, Redstone Solar Thermal Power, Timken, Timken Company, NYSE, Engineering, Knowledge, TKR, Primary energy, Wind, Electricity, Water, Woman, Technology, Natural gas, Research, Ethisphere Institute, Simultaneous recruiting of new graduates, Efficiency, Forbes, Renewable energy, Newsweek

NORTH CANTON, Ohio, July 11, 2022 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, has been selected as the exclusive provider of advanced precision drives for the Redstone Solar Thermal Power project in Northern Cape, South Africa. BrightSource Energy chose Timken's solar-tracking technology, developed by its Cone Drive business, to properly position Redstone's heliostat mirrors to reflect the sun's rays. The facility will store the thermal energy it collects in molten salt and convert it to electricity for delivery to South African consumers day and night. 

Key Points: 
  • The facility will store the thermal energy it collects in molten salt and convert it to electricity for delivery to South African consumers day and night.
  • "Our expertise in application engineering is a differentiating factor that customers look for in a partner," said Kurt Gamelin, president, Cone Drive.
  • "We work side-by-side with world-leading solar power providers and developers like BrightSource, offering innovative technology and solutions that help advance their products.
  • The Timken Company(NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products.

Bartlett Bearing Debuts New Company Brochure

Retrieved on: 
Wednesday, July 6, 2022
Sales and operations planning, Timken, Schaeffler Group, SKF, History, NTN, Koyo, Management

PHILADELPHIA, July 6, 2022 /PRNewswire/ -- Bartlett Bearing Company, Inc., an independent authorized distributor of bearings and accessories headquartered in Philadelphia, PA, debuted their new company brochure at this year's EASA Convention in St. Louis.

Key Points: 
  • PHILADELPHIA, July 6, 2022 /PRNewswire/ -- Bartlett Bearing Company, Inc., an independent authorized distributor of bearings and accessories headquartered in Philadelphia, PA, debuted their new company brochure at this year's EASA Convention in St. Louis.
  • "Bartlett Bearing is proud to be family-owned and operated, as we have been since 1951," says the company's President, Sarah Musser.
  • The brochure represents Bartlett Bearing's commitment to its customers, highlighting the history of the company, while showcasing its products and services.
  • Bartlett Bearing Company, Inc. is a family-owned and operated bearing distributor founded in 1951, specializing in serving the electro-mechanical repair industry nationwide.

Oppenheimer & Co. Inc. Commences 17th Annual Industrial Growth Conference, Highlighting Opportunities in the Industrials Category

Retrieved on: 
Tuesday, May 3, 2022
Waste Management (corporation), Oppenheimer Holdings, Timken, Dover Corporation, Industrial, Lincoln Electric, Secondary research, New, NYSE, General Electric, Connected space, Waste management, Research, FedEx, COVID, Snap-on, Associate, Equity, TE, Conference, Carlisle Companies, A. O. Smith, IDEX Corporation, Security (finance), Renewable energy

NEW YORK, May 3, 2022 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") – a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) – today announced the launch of its much-anticipated Annual Industrial Growth Conference. The two-day virtual event that begins May 3 and concludes May 4 showcases various large and mid-cap industrial growth companies – including WillScot Mobile Mini Holdings, FedEx Corp., A.O. Smith Corp., General Electric, Waste Management, Inc. and Enersys as well as global manufacturers TE Connectivity Ltd., Timken, Arcosa, Inc. and Dover Corp.

Key Points: 
  • NEW YORK, May 3, 2022 /PRNewswire/ -- Oppenheimer & Co. Inc. ("Oppenheimer") a leading investment bank, wealth manager, and a subsidiary of Oppenheimer Holdings (NYSE: OPY) today announced the launch of its much-anticipated Annual Industrial Growth Conference.
  • The two-day virtual event that begins May 3 and concludes May 4 showcases various large and mid-cap industrial growth companies including WillScot Mobile Mini Holdings, FedEx Corp., A.O.
  • Oppenheimer continues to monitor these and other factors that are shaping the 'post-COVID' economy as it spearheads a new round of dialogue on the high-tech industrials sector.
  • Expansion in the United States and around the world stands to benefit many industrial players as they make a strategic transition, and Oppenheimer is delighted to welcome key movers and shakers, investors and thought leaders to our 17th Annual Industrial Growth Conference."