The Timken Company, Canton, OH, will close its production facility in Sao Paolo, Brazil, by the end of the year. Timken will maintain a sales, marketing and warehousing presence in Brazil to meet the needs of customers and distributors.
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Timken will support its future growth in the Brazilian market with its global manufacturing resources, along with new warehousing operations and a network of 35 distributors located in Brazil.
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The closure of the facility in Brazil is part of Timken’s ongoing efforts to improve the performance of its Automotive Group. The company previously announced a restructuring initiative in 2005 and a workforce reduction in 2006, which are on track to deliver expected savings of approximately $40 million and $35 million, …