TimkenSteel
Latest News
TimkenSteel Corporation Debuts as a Public Company Following Spinoff
01 July 2014 - TimkenSteel Corporation (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today announced the completion of its spinoff from The Timken Company.
TimkenSteel Management Team Discusses Business Strategy and Outlook at Investor Meeting
23 June 2014 - Members of the executive management team of TimkenSteel Corporation hosted an investor meeting on 19 June to share their vision and value-creation strategy for the company in advance of its planned spinoff from The Timken Company
Timken Announces Record Date and Distribution Date for Spinoff of Steel Business
16 June 2014 - Timken Shareholders to Receive TimkenSteel Shares as a Pro-rata Dividend
Timken Announces Major Investment to Accelerate Product Development and Line Expansion
11 June 2014 - The Timken Company (NYSE: TKR; www.timken.com) today announced that it has fundamentally redesigned its engineering, product management and business systems teams, bringing together talent and tools in a new way to drive development of its product lines and advance its technical capabilities to better meet customer needs.
Timken Announces Management and Board Changes
15 May 2014 - The Timken Co. announced that the Board of Directors has named Richard G. Kyle as president and chief executive officer of the company, effective immediately.
Timken to Increase Prices on All SBQ Products
13 May 2014 - The Timken Company announced it will increase base prices on all special bar quality (SBQ) products by US$30 per ton.
Timken Commissions MEERgauge® System from SMS Meer
07 May 2014 - Timken has successfully commissioned the MEERgauge® laser-based precision measuring system supplied by SMS Meer at its mill in Canton, Ohio.
Timken Awards Scholarships Valued at US$790,000 to 38 Employees' Children
05 May 2014 - The Timken Company awarded scholarships to 38 children of Timken employees at 26 locations in eight countries around the world.
Timken Encouraged by Rebound in Steel Bookings
25 April 2014 - The Timken Co. reported stronger demand in its Steel and Process Industries segments, helping drive sales higher in the first quarter of the year.
Timken to Increase SBQ Prices
21 February 2014 - The Timken Company announced it will increase base prices on special bar quality (SBQ) products 6.5-inches and below by US$30 per ton.
Timken Names New CFO
17 February 2014 - The Timken Company board of directors announced the appointment of Philip D. Fracassa as chief financial officer of the company.
Timken Moving Forward with Spinoff of Steel Segment, TimkenSteel
12 February 2014 - The Timken Company announced that TimkenSteel Corporation, its newly formed subsidiary which will hold the company's steel business, has filed an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC).
Timken Predicts Its Steel Sales to Increase 12–17% This Year
30 January 2014 - As it reported its 2013 earnings results, The Timken Company said the spinoff of its steel business into a separate company should be complete by the middle of 2014.
Richard Kyle Named to Timken's Board of Directors
20 November 2013 - The Timken Company announced the election of Richard G. Kyle as a director of the company, for a term that expires at the company's annual meeting in 2014.
Timken Reports Third Quarter Results; Updates Outlook
24 October 2013 - The Timken Company reported third-quarter 2013 sales of US$1.1 billion. Sales decreased 7% when compared with the same period a year ago, primarily due to weaker demand from the company's broad end markets, partially offset by acquisitions.
Timken Announces Planned Departure of Executive Vice President; Additional Leaders Named
09 September 2013 - The Timken Company announced that Glenn A. Eisenberg, executive vice president of finance and administration and chief financial officer, plans to leave the company next year when it separates the steel business from its bearings and power transmission (B&PT) business via a spinoff.
Timken Announces Plan to Separate Steel Business Into Independent Company
05 September 2013 - The Timken Company announced that its board of directors has approved a plan to pursue a separation of the company's steel business from its bearings and power transmission business through a spinoff, creating two publicly traded companies.
Timken Continues to Generate Strong Operating Margins Across All Segments
25 July 2013 - As it reported its second quarter earnings results, the Timken Company adjusted its full-year outlook to reflect a slower economic recovery now expected in the second half of 2013.
Timken and Stark State College Open Technology and Test Center
18 June 2013 - A collaboration between The Timken Co. and Stark State College led to development of the new Technology and Test Center, the first testing facility of its kind to be constructed in the Americas.
Timken Sets Up Strategy Committee to Evaluate Separation of Steel Business
10 June 2013 - The Timken Co. announced that its Board of Directors has formed a Strategy Committee to evaluate a potential separation of the company's steel business from its other businesses and to review the company's corporate governance and capital allocation strategy.
