Timken Extends Agreement with North Coast Bearings
22 Ottobre 2004 - 10:20PM
PR Newswire (US)
Timken Extends Agreement with North Coast Bearings CANTON, Ohio,
Oct. 22 /PRNewswire-FirstCall/ -- Timken recently extended its
strategic alliance with North Coast Bearings, Inc. (NCB) of Avon,
Ohio. NCB has been the distributor of DT Components(R) products for
differentials and transmissions, which are marketed by The Timken
Corporation, since the alliance was formed in 1997. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) "This joint
effort has been a successful venture for both Timken and NCB," said
Jack Cameron, general manager -- automotive aftermarket -- North
and South America. "We are very proud of the program and the
products we have developed for the automotive aftermarket. With the
kit expertise of NCB and the bearing expertise of Timken, we have
experienced substantial growth in sales. We now offer the most
complete line of differential and transmission kits available in
the U.S. medium- and heavy-duty truck aftermarket." Timken and NCB
formed the strategic alliance to market and distribute differential
and transmission kits and components under the product name DT
Components for the medium- and heavy-duty markets. The kits include
all the products necessary to do the job right the first time,
including the growing portfolio of Timken bearings. According to
Bud Hagy, president and chief executive officer of NCB, this is the
second extension of the alliance and it bodes well not only for
Timken and NCB, but also for customers. "The kitting aftermarket
has undergone tremendous change in the last several years. Timken
and NCB are industry leaders, well positioned to meet and exceed
customer demands by continuing to build upon the outstanding value
and breadth of kit offerings currently available." The Timken
Corporation is a U.S. sales and marketing subsidiary of The Timken
Company (NYSE:TKR) ( http://www.timken.com/ ). The Timken Company
is a leading global manufacturer of highly engineered bearings and
alloy steels and a provider of related products and services with
operations in 27 countries. A Fortune 500 company, Timken recorded
2003 sales of $3.8 billion and employed approximately 26,000 at
year-end. DT Components(R) is the registered trademark of The
Timken Company and is used by North Coast Bearings, Inc. under
license agreement. Media Contact, Eric J. Shirley, Communications
Manager, (330) 471-7105, http://www.timken.com/media Investor
Contact, Kevin R. Beck, Manager - Investor Relations, (330)
471-7181, http://www.timken.com/investors
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT:
Media, Eric J. Shirley, Communications Manager, +1-330-471-7105, or
Investors, Kevin R. Beck, Manager - Investor Relations,
+1-330-471-7181, both of The Timken Company Web site:
http://www.timken.com/ http://www.timken.com/media
http://www.timken.com/investors
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