Timken to Supply Rail Bearings to Brazilian Mining Company
10 Novembre 2008 - 4:00PM
Business Wire
The Timken Company (NYSE: TKR) announced today that metals and
mining company, Companhia Vale do Rio Doce (Vale), awarded Timken
with a contract for 600 Timken� AP-2� rail-car bearings. The
bearings are for Vale�s Class K freight cars, which are used to
transport iron ore from Vale�s mine sites across South America for
export into China. Designed to reduce wear, the Timken AP-2 bearing
offers a compact design that runs at lower operating temperatures
and lower torque than traditional rail-car bearing assemblies.
Based in Rio de Janeiro, Brazil, Vale is the second largest
diversified mining company in the world in terms of market value
and the global leader in the production and export of iron ore. The
company owns and operates more than 5,000 miles (8,000 km) of
railroad track. About The Timken Company The Timken Company (NYSE:
TKR, 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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