TimkenSteel
Latest News
Timken Posts Record First Quarter, Raises Full-Year Outlook
27 April 2012 - The Timken Co. reported record sales of $1.4 billion in the first quarter of 2012, an increase of 13% over the same period a year ago. The company also generated record income of $155.7 million, or $1.58 per diluted share, compared with $112.7 million, or $1.13 per diluted share, a year ago.
Timken Breaks Ground on Faircrest Expansion
24 April 2012 - The Timken Co. celebrated the start of work on a $225 million expansion of its Faircrest Steel Plant that will feature the addition of a new ladle refiner and large-bloom continuous caster.
SMS Concast to Supply Vertical Bloom Caster for Timken Faircrest
23 April 2012 - SMS Concast AG has been awarded jointly with SMS Concast America Inc. of Pittsburgh, Pa., a major contract from The Timken Co. to supply a three(four)-strand UHQ vertical bloom casting facility for Timken’s Faircrest steel plant in Canton, Ohio.
Timken Launches New Ultrasonic Inspection Line at Faircrest
03 April 2012 - The Timken Co. has completed its ultrasonic test (UT) inspection line at its Faircrest Steel Plant in Canton, Ohio. This $5 million investment increases Timken’s large-bar finishing capacity and helps ensure large-bar sound-center quality.
Timken to Build New Office Complex in Stark County
29 February 2012 - Timken announces plans to invest $42 million in Stark County, Ohio, to build a new two-story office complex connected to its existing facility near the Akron-Canton airport.
Contract Ratification Clears Way for Timken Investment at Faircrest
23 February 2012 - After securing a new five-year labor agreement, Timken officials announced that they plan to move forward with a $225 million investment at the Faircrest Steel Plant in Stark County, Ohio.
Timken, USW Local 1123 Reach New Tentative Agreement
09 February 2012 - The Timken Company and the United Steelworkers (USW) Local 1123 have reached a new tentative agreement on a five-year contract, subject to a member ratification vote within the next two weeks.
Timken Workers Reject Agreement
17 January 2012 - Members of United Steelworkers Local 1123 based in Canton failed to ratify a tentative agreement between their bargaining representatives and Timken.
Timken and USW Local 1123 Agree on Proposed Contract
19 December 2011 - The Timken Co. and the United Steelworkers Local 1123 have reached agreement on a new five-year contract. A ratification vote for the new contract is being scheduled.
Timken Posts Strong Quarter, Raises Full-Year Forecast
28 October 2011 - Timken reported $111 million income from continuing operations on sales of $1.3 billion for the third quarter and $345.2 million income from continuing operations on sales of $3.9 billion in the first nine months of 2011.
Timken and USW Local 1123 Enter Early Contract Discussions
27 September 2011 - The Timken Company and United Steelworkers of America Local 1123 have agreed to enter early discussions about the current labor agreement.
Timken Announces New Vice President of Rail Business
31 August 2011 - The Timken Co. announced the appointment of Brian J. Ruel to the position of Vice President of Rail, effective Oct. 1.
Timken, UA to Accelerate Commercialization of Specialized Research
26 August 2011 - The University of Akron (UA) and The Timken Co. have announced an open-innovation agreement to accelerate technology development. The organizations plan to combine their expertise in materials and surface engineering at newly established laboratories in the UA College of Engineering.
Timken Evaluates $225 Million Expansion at Faircrest
25 August 2011 - The Timken Co. is considering an investment of $225 million at its Canton, Ohio-based Faircrest Steel Plant that would increase capacity, expand product range, and strengthen competitiveness of Timken® alloy steel bars.
Timken Posts Second Quarter Earnings
29 July 2011 - The Timken Co. reported $121.5 million income from continuing operations on sales of $1.3 billion for the second quarter of 2011.
Timken, Partners Break Ground on Wind Energy R&D Center
27 July 2011 - Timken, Stark State College and the Stark County Port Authority officially broke ground this week on a Wind Energy Research and Development Center, America's first R&D center for large wind-turbine gearbox systems.
Mitsubishi Nagasaki Machinery to Provide In-line Forge Press to Timken
10 June 2011 - Timken has selected Japan-based Mitsubishi Nagasaki Machinery Mfg. to supply an automated, in-line forge press for Timken's Faircrest Steel Plant in Canton.
Timken Recycles 1.6 Million Tons of Scrap Metal in 2010
22 April 2011 - In 2010, The Timken Co. transformed 1.6 million tons of scrap metal into Timken® steel, which is made from nearly 100% recycled content, including 350,000 tons of recycled scrap metal from Timken operations.
Timken Increasing Capacity Across its Steel Plants
19 April 2011 - The Timken Company announced it will increase its annual steelmaking capacity by 120,000 tons across its steel manufacturing facilities in Canton, Ohio.
Timken to Invest $35 Million at Faircrest Steel Plant
02 February 2011 - Timken has announced plans to invest approximately $35 million to install a high-volume, in-line forge press at its Faircrest rolling mill facility in Canton, Ohio.
