The Timken Company, Canton, OH, reported sales of $1.43 billion during the first quarter of 2008, an increase of 12% over the same period a year ago. The increase was driven by strong sales in global industrial markets, as the company benefited from its capacity-expansion initiatives, as well as the favorable impact of pricing, surcharges and currency.
During the quarter, the company:
- Implemented the next wave of Project O.N.E., Timken’s business process improvement and global systems initiative, covering most of the company’s remaining U.S. and European operations;
- Completed construction of a new industrial bearing manufacturing plant in Chennai, India, and a new aerospace and precision products facility in …
