Timken Supplying $6.5 Million in Rail Bearings to Titagarh Wagons in India
15 Agosto 2007 - 3:00PM
Business Wire
The Timken Company (NYSE:TKR) has received a $6.5 million contract
to supply rail bearings for freight cars built by Titagarh Wagons
Ltd. in India. Titagarh has ordered Timken� APTM Class E tapered
bearings, which enable rail users to carry heavier loads with more
stability. Titagarh is the second-largest private builder of
freight cars in India. The rail bearings are being manufactured at
Timken�s production facility in Jamshedpur, India. As part of its
ongoing investment in India, Timken plans to open a second Indian
production facility in Chennai in 2008. �Timken�s strategy of
investing in India is to serve our global customers and also to
gain new local customers such as Titagarh Wagons in this rapidly
developing market,� said David L. White, director of sales and
marketing for Timken�s operations in India. �Our past experience
with Timken has shown us they make outstanding products, and we
also value their follow-up service after the sale,� said J.P.
Chowdhary, chairman and managing director of Titagarh Wagons Ltd.
�Our relationship with Timken makes us more competitive, and we
also appreciate their reputation for adhering to high ethical
standards.� About Titagarh Wagons Ltd. Titagarh Wagons Ltd. (TWL)
(web site: www.titagarh.biz) is one of the largest private sector
manufacturers of freight wagon units for Indian and some overseas
railways. TWL is a heavy engineering goods manufacturing company in
Kolkata, India. TWL manufactures a wide range of freight wagons,
container flats and specialty wagons for industrial and defense
use. TWL manufactures Bailey Bridges, prefabricated shelters and
similar systems for the railways and the defense sector. TWL also
manufactures Heavy Earthmoving Equipment including Heavy Duty
Mobile Cranes and Excavators. 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 Lug 2024 a Ago 2024
Grafico Azioni Timken (NYSE:TKR)
Storico
Da Ago 2023 a Ago 2024