TimkenSteel
Latest News
Timken Raises 2nd-Quarter, Full-Year Earnings Estimates
22 July 2008 - The Timken Co. is raising its estimate for second-quarter 2008 earnings to approximately $0.92 per diluted share, a solid improvement over the company’s previous earnings estimates.
Timken to Increase Prices on SBQ Products
02 May 2008 - Timken will increase base prices on hot-rolled, cold-finished and thermal-treated special bar quality products, effective with shipments beginning July 1.
Timken Reports Record 1st Quarter Results
01 May 2008 - Timken reports net income of $84.5 million on sales of $1.43 billion for the first quarter of 2008.
Timken Reports Changes to Growth and Innovation Leadership Team
25 March 2008 - Timken announces a reorganization of its innovation and growth group that the company says will help streamline the strategic planning and innovation processes.
Timken to Enhance Reliability Solutions Offering
14 March 2008 - Timken is expanding its reliability solutions offering through an agreement with Ivara to provide maintenance consulting and training to its industrial customers.
Timken Acquisition Expands Growing Steel Energy Portfolio
26 February 2008 - Timken completes its acquisition of the assets of Boring Specialties, a leading provider of a wide range of precision deep-hole oil and gas drilling and extraction products and services.
Timken to Increase Prices on Seamless Mechanical Tubing
18 February 2008 - Timken will increase prices on carbon and alloy seamless mechanical tubing, effective with shipments beginning on April 1, 2008.
Timken to Add Manganese to Generic Alloy Surcharge
15 February 2008 - Timken will add manganese to its generic alloy surcharge effective with shipments beginning on April 1, 2008.
Timken Reports 2007 Results
01 February 2008 - Timken reports net income of 48.3 million on net sales of $1.3 billion for the fourth quarter, and net income of $220 million on net sales of $5.2 billion for all of 2007.
Timken Provides Rolling Mill Training for Steel Dynamics and other Producers
20 December 2007 - The need to train new millwrights to replace retiring veterans is accelerating demand for Timken’s Rolling Mill Industry Training classes, with demand for the training class nearly doubling in 2007 alone.
Timken Bearings in Key Systems at New SeverCorr Mill
26 November 2007 - Timken’s bearing assemblies were used as components in the major production systems supplied by SMS Demag for the new SeverCorr steel plant.
Timken to Increase SBQ Product Prices
22 October 2007 - Timken plans to increase base prices on hot-rolled, cold-finished, and single-thermal-treated special bar quality products by $30 per ton.
Timken to Expand Aerospace Capabilities with Purdy Acquisition
18 September 2007 - Timken enters agreement to acquire the assets of The Purdy Corp., a leading precision manufacturer and systems integrator for military and commercial aviation customers, for $200 million.
Timken Names Leaders for Bearings and Power Transmission Group
28 August 2007 - Timken announces five new leaders for the businesses within its new Bearings and Power Transmission Group.
Timken Upgrades Repair Services in Canada
23 August 2007 - Timken completes an agreement with Weir Canada to be the authorized provider of Timken repair services for chock bearing maintenance and chock repair for metal manufacturing customers in Canada.
Timken Realignment to Drive Growth, Performance
14 August 2007 - Timken will restructure the company into two divisions – a Steel Group and a new Bearings and Power Transmission Group - to support continued improvement in operational performance.
Timken Bearings Equip Arcelor Mittal Steel Mill
10 August 2007 - Timken announces that it is the exclusive supplier of tapered, spherical and cylindrical roller bearings for Arcelor Mittal's new high-capacity hot-strip steel rolling mill currently under construction by Siemens in Krakow, Poland.
Timken Joins Effort to Reduce Mercury Emissions
03 August 2007 - Timken announces its participation in the National Vehicle Mercury Switch Recovery Program, a program designed to reduce the levels of mercury emitted from automobile scrap used as raw material in the steelmaking process.
Timken to Supply Bearings, Maintenance Services for JSW Cold Mill
06 July 2007 - Timken will supply JSW Steel with bearings for its new cold-rolling steel mill, and will also supply rolling mill maintenance services once the mill’s construction is complete.
Timken Steel Used in Collider Project for CERN Physics Lab
29 June 2007 - Timken provided steel with a particularly high hardness and high machinability that was used for the construction of equipment for the European Organization for Nuclear Research large particle physics laboratory located near Geneva, Switzerland.
