Timken Enters Agreement with Japanese Steelmaker
The Timken Company, Canton, OH, will expand its product offerings in Asia through a five-year collaboration agreement reached with Nagoya, Japan??s Daido Steel Co. Ltd. Under the agreement, Daido will manufacture specialty steel products according to Timken specifications for industrial customers throughout Asia.
??This is a fast-track approach to accelerate the growth of our steel business while building the Timken brand further in Asia,?? said Salvatore J. Miraglia Jr., president of Timken??s Steel Group. ??It will allow us to capitalize on more of the growth opportunities we see in the Asian market, bringing all of the technical expertise Timken is known for, with the added advantage of Daido??s state-of-the-art manufacturing facilities in the region. For customers in Asia, this local proximity is most desirable and necessary to ensure timely, reliable service."
This is the second collaboration between Timken and Daido.
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