The 2020 Mid-Year Economic Update_long

Timken Plans to Expand Bearing Services Capacity

In response to what it says is strong long-term demand, the Timken Company, Canton, OH, has plans to expand its industrial bearing services capacity.
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The manufacturer will invest nearly $6 million in the project, which includes the opening of a new service center in Union, SC, and the expansion of the company's existing industrial bearing services facility in South Bend, IN.
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The South Carolina service location, which is housed in a Timken bearing manufacturing plant, will relocate to a facility solely dedicated to providing industrial bearing services.
The new center will open in mid-year 2008. When it is fully operational in early 2009, the new center will have additional capacity to remanufacture bearing types and brands within the 18- to 51-inch size ...

In response to what it says is strong long-term demand, the Timken Company, Canton, OH, has plans to expand its industrial bearing services capacity.
&nbsp ;
The manufacturer will invest nearly $6 million in the project, which includes the opening of a new service center in Union, SC, and the expansion of the company’s existing industrial bearing services facility in South Bend, IN.
&nbsp ;
The South Carolina service location, which is housed in a Timken bearing manufacturing plant, will relocate to a facility solely dedicated to providing industrial bearing services.
The new center will open in mid-year 2008. When it is fully operational in early 2009, the new center will have additional capacity to remanufacture bearing types and brands within the 18- to 51-inch size range.
&nbsp ;
This investment supports Timken’s global services strategy of providing integrated maintenance services for our customers’ power transmission systems,” said Joseph W. Wonsettler, global operations manager for industrial services. “This expansion will allow us to increase bearing repair capacity and improve on-time delivery requirements for customers.”
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Through its industrial bearing services, Timken provides customers with an integrated maintenance program that covers the total lifecycle of bearings. Services include mill maintenance management programs, bearing remanufacturing, chock bearing maintenance and roll and chock repair.
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The Timken Company had sales of $5.0 billion in 2006, operations in 26 countries and 25,000 employees.

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