Timken Company
 |
|
| Public | |
| Traded as | : TKR S&P 400 Component : : TIMKEN |
| Industry | Manufacturing |
| Founded | St. Louis, Missouri USA, 1899 |
| Founder | Henry Timken |
| Headquarters | Jackson Township, Ohio, United States |
|
Number of locations
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187 (90 offices, 62 plants/service centers, 9 warehouse/distribution centers, 14 additional shipping centers, 12 technology/engineering centers) |
|
Area served
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Worldwide |
|
Key people
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John M. Timken Jr.(Non-Executive Chairman of the Board of Directors), Richard G. Kyle (President & CEO) |
| Products |
Bearings |
| Revenue |
 US$ $3.1 billion (FY 2014)
|
| US$ $208.4 million (FY 2014) |
|
 US$ $146.8 million (FY 2014)
|
|
| Total assets |
US$ $3.0 billion (FY 2014)
|
| Total equity |
US$ $1.58 billion (FY 2014)
|
|
Number of employees
|
14,709 |
| Website | www |
The Timken Company is a global manufacturer of bearings, and related components and assemblies. Timken operates in 28 countries.
In 1898, Henry Timken obtained a patent for the tapered roller bearing, and in 1899 incorporated as The Timken Roller Bearing Axle Company in St. Louis.
In 1901, the company moved to Canton, Ohio, as the automobile industry began to overtake the carriage industry. Timken and his two sons chose this location because of its proximity to the American car manufacturing centers of Detroit and Cleveland and the American steel-making centers of Pittsburgh and Cleveland.
In 1917, the company began its steel- and tube-making operations in Canton to vertically integrate and maintain better control over the steel used in its bearings. World War I had created an increase in demand for steel, affecting its supply and price in the market.
Some UK steam locomotives also used roller bearings. The LMS Turbomotive was fitted with Timken roller bearings, and they also were retrofitted to some of the LMS Coronation class.
In 2014 the company changed its corporate structure, the roller bearing producing part of the company was separated from the steel producing part of the company, resulting in two separate companies. The Timken Company continues to manufacture roller bearings, while TimkenSteel produces steel.
The Timken Company brands includes Timken, Fafnir, Philadelphia Gear, Interlube and Drives.
Timken is a member of World Bearing Association (WBA), a non-profit and unincorporated industrial association.
British Timken was established in Chester Road, Aston, Birmingham in 1937, to manufacture tapered roller, parallel roller and ball bearings.
In World War II a shadow factory was built in 1941 on a green-field site at Duston in Northamptonshire, to produce roller bearings. At its peak over 4,000 people were employed in the factory. In 2002 the Duston works were closed and the site cleared for housing with production moving to Poland.
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Wikipedia