Timken Inks Agreement to Supply Wind Power Equipment Manufacturer in China
09 Marzo 2009 - 1:20PM
Business Wire
The Timken Company (NYSE: TKR) has signed a long-term,
multi-year agreement to supply wind turbine gearbox bearings for
Nanjing High Speed�Gear Manufacturing Co., Ltd. (NGC), a
manufacturer of wind power, marine, construction, and industrial
gear transmission equipment based in China.
Under the terms of the agreement, the company will supply
tapered and cylindrical roller bearings for use in NGC�s wind power
gearboxes. Revenues in the first phase of the agreement are
expected to be worth an estimated US$30 million to Timken, with
additional growth anticipated after 2010.
�This is another great success for Timken in the China wind
energy market sector. NGC is a globally recognized brand and a
leader in the industry,� said Mike Connors, president of Process
Industries at Timken. �Our strategy is to work with leading
companies in the industry, companies that compete on product
performance, durability and reliability and that demand the highest
level of expertise in friction management and power transmission
from their suppliers.�
Timken supplies a broad range of friction-management and
power-transmission solutions to the global wind-energy market
including: high alloy steels; tapered, cylindrical, and spherical
roller bearings; seals and lubrication; and in-depth technical
support.
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 $5.7 billion in
2008, operations in 26 countries and approximately 25,000
employees, Timken is Where You Turn� for better performance.
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