Latest In Timken
Profit for the bearings manufacturer grew 11 percent.
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Joint venture will help service rapidly expanding Russian freight market.
The new publicly traded company, TimkenSteel, will trade on the New York Stock Exchange under ticker symbol TMST.
The new center expands aftermarket capabilities in the market.
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Sales decreased in all four segments.
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The bearings and power transmission business will continue to operate as The Timken Co.
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The decline was due in part to decreased demand in industrial distribution.
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Acquisition expands Timken’s industrial services capabilities and presence in Canada.
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Decline due to lower demand across end-markets, led by oil and gas, industrial distribution and off-highway market sectors.
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Acquisition expands Timken’s industrial services capabilities.
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Timken is fighting investors on the proposal to separate its steel from its bearing business.
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Acquisition complements Timken’s core bearing product line and provides access to new markets.
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Profit increased 8.6 percent over the prior year.
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