Timken Company
Industry: Materials/Manufacturing/Fabricated Products

The Timken Company is a leading international manufacturer of highly engineered bearings, alloy and specialty steels and components, as well as a provider of related products and services. With operations in 24 countries, the company employs about 18,100 people worldwide and recorded 2001 sales of U.S. $2.4 billion.

Business Summary
The Timken Company manufactures engineered bearings, alloy and specialty steel, and related components. Its product lines include anti-friction bearings and steel products. The company offers tapered roller bearings, precision cylindrical and ball bearings, spherical and cylindrical bearings, needle bearings. Its bearings are used in horse-drawn wagons, passenger cars, light and heavy trucks, trains, very small gear drives, wind energy machines, large gear drives, rolling mills, and other process industry and infrastructure development applications. The company also provides bearing reconditioning services for industrial and railroad customers. Its steel products include steels of low and intermediate alloy, vacuum-processed alloys, tool steel, and some carbon grades, which are available in various solid and tubular sections. Its steel products are used in various applications, including bearings, automotive transmissions, engine crankshafts, oil drilling, aerospace, and other similarly demanding applications. Timken also produces custom-made steel products. The company sells its products to anti-friction bearing companies, original equipment manufacturers, and industrial distributors, as well as serves the aircraft, automotive and truck, construction, forging, oil and gas drilling, and tooling industries worldwide. The Timken was founded in 1899 and is headquartered in Canton, Ohio.

Financial Summary
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