Timken Expands in India
The Timken Company, Canton, OH, announced plans to build a new bearing manufacturing facility in India. The plant, in Chennai in the southern state of Tamil Nadu, will produce antifriction bearings for global markets.
Timken's new facility will be built in one of India's new Special Economic Zones (SEZs), which provide a range of tax benefits, including duty-free import of equipment and material used in the manufacture of goods destined for sale outside of India. The facility will in Chennai's Mahindra World City, and construction is expected to begin by the end of the year.
Timken's Indian operations currently include a bearing manufacturing plant in Jamshedpur and a Global Innovation Center ...