Timken Joins Effort to Reduce Mercury Emissions
02 Agosto 2007 - 4:00PM
Business Wire
The Timken Company (NYSE:TKR) today announced its participation in
a program designed to improve environmental quality by reducing
levels of mercury emitted from automobile scrap used as raw
material in the steelmaking process. Timken has become a member of
the National Vehicle Mercury Switch Recovery Program (NVMSRP),
which exists to help lower the level of mercury emissions in the
United States by approximately 75 tons over 15 years. The program
is the result of a collaborative effort involving the United States
Environmental Protection Agency (U.S. EPA), members of the American
Iron and Steel Institute (AISI), automobile manufacturers and
members of the vehicle scrap recycling industry. "Timken and the
other members of AISI share a deep commitment to responsible
stewardship of our natural resources," said Ward J. Timken, Jr.,
chairman of Timken�s board of directors and chairman of AISI. "Our
joint leadership with the automotive industry in this initiative
will help eliminate an important source of mercury emissions, as
steelmakers recycle millions of tons of vehicle scrap each year.�
Mercury switches are found in automotive convenience lighting in
hoods and trunks and some anti-lock braking systems manufactured
prior to 2003. These switches can result in mercury being released
into the air if they are not removed prior to vehicle demolition.
Timken and other program participants are working directly with
scrap suppliers and brokers to ensure that mercury switches are
removed before scrap enters the steelmaking process. Timken alone
recycled nearly 300,000 tons of scrap from automobiles in 2006. The
automobile manufacturers and steelmakers that are part of the
NVMSRP have created a $4 million implementation fund as a resource
to help achieve the program�s objectives. U.S. EPA is acting as
facilitator of the national program, which is intended to
complement existing state mercury-reduction initiatives. About The
Timken Company The Timken Company (NYSE:TKR)
(http://www.timken.com) keeps the world turning, with innovative
friction management and power transmission products and services,
enabling our customers to perform faster and more efficiently. With
sales of $5.0 billion in 2006, operations in 26 countries and
approximately 25,000 employees, Timken is Where You Turn� for
better performance.
Grafico Azioni Timken (NYSE:TKR)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Timken (NYSE:TKR)
Storico
Da Lug 2023 a Lug 2024