The Timken Company, Canton, OH, reported sales of $1.26 billion in the third quarter 2007, an increase of 6% over the same period a year ago. Strong sales in industrial markets were partially offset by the strategic divestment of the company’s automotive steering and European steel tube manufacturing operations in prior periods.
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For the first nine months of 2007, sales were $3.89 billion, an increase of 4%, driven by strong industrial markets
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The Industrial Group had third-quarter sales of $556.8 million, up 11% from the same period last year. The increase resulted from favorable pricing, currency and strong demand across all market sectors, especially from heavy industry and …
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