CANTON, Ohio, March 20, 2014 /PRNewswire/ -- The Timken
Company (NYSE: TKR; www.timken.com) has been named one of
Ethisphere® Institute's World's Most Ethical Companies™
for the fourth time.
The award recognizes organizations that continue to raise the
bar on ethical leadership and corporate behavior. World's Most
Ethical Company honorees understand the correlation between ethics,
reputation and daily interactions with their brand and that the
award belongs as much to their associates as it does to them.
"Ethical business practices are a core value at Timken, and it's
something our associates worldwide embrace and demonstrate every
day," said chairman of the board Ward J. "Tim" Timken, Jr. "To be
honored in this way again is a tribute to our 19,000 employees, who
are committed to making our brand one that can be trusted."
To determine the winners, Ethisphere uses in-depth research and
a multi-step analysis of companies' business practices that
includes reviewing codes of ethics, litigation and regulatory
infraction histories; evaluating investment in innovation and
sustainable business practices; examining activities designed to
improve corporate citizenship; and studying nominations from senior
executives, industry peers, suppliers and customers.
"The entire community of World's Most Ethical Companies believe
that customers, employees, investors and regulators place a high
premium on trust and that ethics and good governance are key in
earning it," said Ethisphere's chief executive officer,
Timothy Erblich. "Timken is a member
of an exclusive community committed to driving performance through
leading business practices. We congratulate everyone at Timken for
this extraordinary achievement."
About Ethisphere Institute
The research-based
Ethisphere Institute is a leading international think tank
dedicated to the creation, advancement and sharing of best
practices in business ethics, corporate social responsibility,
anti-corruption and sustainability. Ethisphere Magazine, which
publishes the globally recognized World's Most Ethical Companies
Ranking, is the quarterly publication of the Institute. Ethisphere
provides only third-party verifications of compliance programs and
ethical cultures that include: Ethics Inside®
Certification, Compliance Leader Verification™ and Anti-Corruption
Program Verification™. More information on the Ethisphere
Institute, including ranking projects and membership, can be found
at http://www.ethisphere.com.
About The Timken Company
The Timken Company (NYSE:
TKR; www.timken.com), a global industrial technology leader,
applies its deep knowledge of materials, friction management and
power transmission to improve the reliability and efficiency of
industrial machinery and equipment all around the world. The
company engineers, manufactures and markets mechanical components
and high-performance steel. Timken® bearings, engineered
steel bars and tubes—as well as transmissions, gearboxes, chain,
related products and services—support diversified markets
worldwide. With sales of $4.3 billion
in 2013 and approximately 19,000 people operating from 28
countries, Timken makes the world more productive and keeps
industry in motion.
Media Contact: Pat
Burnham
Global Media & Corporate Comm.
1835 Dueber Avenue, S.W.
Canton, OH 44706-0927 U.S.A.
Telephone: (330)471-3514
pat.carlson@timken.com
Investor Contact: Steve
Tschiegg
Director – Capital Markets & Investor
Relations
1835 Dueber Avenue, S.W.
Canton, OH 44706-0927 U.S.A.
Telephone: (330)471-7446
steve.tschiegg@timken.com
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SOURCE The Timken Company