Date: 2013-08-01

Ground-Breaking ceremony of the Timken-NSK joint venture in Suzhou

Ground-Breaking Ceremony of the Timken-NSK Joint Venture in Suzhou

NSK Ltd. (NSK) and The Timken Company (Timken) today broke ground for their manufacturing joint venture, Timken-NSK Bearings (Suzhou) Co., Ltd. The agreement to form this joint venture was signed in April 2002. The mayor of Suzhou City, local government dignitaries, local business leaders and executives of both NSK and Timken were present at this ground - breaking ceremony.

Ownership of the joint venture will be divided evenly between Timken and NSK with production scheduled to begin in 2004.

Seiichi Asaka, President and Chief Executive Officer of NSK Ltd, remarked,

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