Timken Bearing Reconditioning Services Winning Customers in China
28 Luglio 2008 - 4:24PM
Business Wire
The Timken Company (NYSE: TKR) announced today that its industrial
bearing services continue to grow in Asia. Timken Industrial
Services� latest customer in the region is Baosteel, China�s
largest iron and steel manufacturer. Baosteel first commissioned
Timken to repair and recondition bearings on a cold rolling temper
mill, and after receiving like-new bearings and saving
approximately 50 percent compared to the cost of new bearings,
Baosteel then placed additional orders for Timken�s reconditioning
services for a total cost of $600,000. Timken�s revenue from
reconditioning services in China more than doubled in 2007 compared
to 2006, when the program was introduced to the region. Timken
invested nearly $6 million in the expansion of its industrial
bearing services capacity in the fourth quarter of 2007. The
investment came in response to the strong long-term outlook for
demand and to expand the company's heavy-industrial customer base.
Through its industrial bearing services, Timken provides customers
with an integrated maintenance program that covers the total
lifecycle of bearings. Services include mill maintenance management
programs, bearing remanufacturing, chock bearing maintenance and
roll and chock repair. In addition to its bearing services
facilities in the United States, Timken operates bearing repair
centers in Brazil, China, France, India, Romania and South Africa.
For additional information about Timken�s industrial bearing
services, visit www.timken.com/products/remanufacture. 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 $5.2 billion in 2007, operations in 27 countries and
approximately 25,000 employees, Timken is Where You Turn� for
better performance.
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