Timken Expands Aerospace Capabilities at New Arizona Facility
03 Ottobre 2006 - 6:00PM
PR Newswire (US)
Arizona Operation Showcases Aftermarket Commitment CANTON, Ohio.,
Oct. 3 /PRNewswire/ -- The Timken Company (NYSE:TKR) is continuing
to expand its capabilities for the aerospace aftermarket with an
investment of more than $12 million for a new technology center in
Mesa, Ariz. The new facility, which will include manufacturing and
engineering functions, more than doubles the capacity of Timken's
previous aftermarket operation in Gilbert, Ariz., which will be
vacated over the next several months.
http://www.timken.com/media/kits/aerofacility.asp The 85,000 sq.
ft. manufacturing and technology center provides critical new space
for integrating Timken's specialized engineering, manufacturing,
reconditioning and service functions for components and systems
used for aviation maintenance, repair and overhaul. Many of these
products are covered by Parts Manufacturer Approval (PMA) from the
Federal Aviation Administration (FAA). "This vertical integration
will help Timken strengthen its position as a leading provider of
PMA and repair/overhauled parts and components," said Barry
Stonehouse, general manager, Timken aerospace aftermarket
solutions. "It will increase our ability to develop innovative
solutions for worldwide aviation customers through a broader
selection of complex products, integrated sub-systems and
services." The new Timken facility brings together, in one site,
all the key capabilities to support aerospace aftermarket
customers. The site will be a global product center for the
application, design and manufacturing process engineering for
aerospace aftermarket products. The site will also house a broad
range of capabilities related to production, quality control, sales
and customer service. It also will include overhaul and repair of
parts under FAA repair station authority (FAA repair station
VOTR933Y). Other activities centered there will include the
stocking and distribution of components, transmissions and engines,
as well as helicopter airframes required to support the U.S.
Foreign Military Sales program. The Timken facility joins a number
of prominent aerospace companies, including Boeing, Lockheed Martin
and MD Helicopter, already situated in the industrial district
adjacent to Falcon Field in Mesa. The Timken aerospace aftermarket
solutions group is a leading supplier of direct replacement parts
for gas turbine engines, components and systems used in the
aviation industry. With principal facilities in Mesa, Ariz., and
Los Alamitos, Calif., Timken continues to expand its in-house
aerospace manufacturing and repair capabilities, while increasing
the scope of its aircraft platform support. About The Timken
Company The Timken Company (NYSE:TKRNYSE:http://www.timken.com)
keeps the world turning, with innovative ways to make customers'
products run smoother, faster and more efficiently. Timken's highly
engineered bearings, alloy steels and related products and services
turn up everywhere. With operations in 27 countries, sales of $5.2
billion in 2005 and 27,000 employees, Timken is Where You Turn(TM)
for better performance. Media Contact: Jeff Dafler, Manager -
Global Media & Government Relations, Telephone: (330) 471-3514,
Facsimile: (330) 471-7032, Investor Contact: Steve Tschiegg,
Manager - Investor Relations, Telephone: (330) 471-7446, Facsimile:
(330) 471-2797,
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT:
Media Jeff Dafler, Manager - Global Media & Government
Relations, +1-330-471-3514, or , or Investors, Steve Tschiegg,
Manager - Investor Relations, +1-330-471-7446, or , both of The
Timken Company Web site: http://www.timken.com/
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