Timken’s solar energy revenue is expected to grow at a double-digit rate over the next three-to-five years.
Latest In Timken
Bearings manufacturer adds company that employs approximately 220 people and expects 2020 sales to be around $30 million.
This acquisition positions Timken as the world's second largest producer of industrial automatic lubrication systems.
Mobile Industries sales decreased 2% compared with the same period a year ago.
The transaction advances Timken's strategy of focusing on growing its leadership position in engineered bearings.
The increase was primarily driven by the benefit of acquisitions and organic growth in the Process Industries segment.
Higher volume, favorable price/mix and improved manufacturing performance drive the growth.
With this acquisition, Timken's power transmission portfolio now accounts for approximately one-third of company revenues.
Manufacturer awards $540,000 in college scholarships to children of Timken employees.
Manufacturer reports $406 million in sales in Q4; finishes 2018 with $1.6 billion in sales.
Company reports strong fourth quarter and full-year performance in 2018.
Seven high school seniors win academic scholarships from TimkenSteel Charitable Fund.
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Mobile Industries up 9.8 percent compared with the same period a year ago.
Kristopher R. Westbrooks appointed vice president and chief financial officer, effective September 24.
Rollon has manufacturing operations in Italy, Germany and the United States.
Manufacturer closes deal on Michigan-based precision drive maker.
Net proceeds of offering will be used to finance acquisitions of Cone Drive and Rollon Group.
Manufacturer expands with purchase of Italy-based manufacturer; separately, reports 22 percent sales increase for Q2.
Acquisition will expand manufacturers business in key growth markets, including solar.
