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The Timken Company (NYSE: TKR) today announced plans to invest approximately $5 million in a new induction heat treat line at its steel plant in Canton, Ohio, that will increase capacity on heat-treated steel bars and tubing.
The new line will harden (quench and temper) bars and tubes up to 7 inches in diameter. It also will be capable of other heat treatments, such as normalizing and stress relieving. As a result of the investment, overall plant capacity will increase across size ranges up to 11 inches in diameter.
"The added capacity will allow us to capitalize on significant opportunities in the global energy, industrial, automotive and distribution markets," said Linn Osterman, vice president of sales and marketing for Timken's Steel Group. "This investment represents our continuing search for value-added opportunities as part of Timken's broader strategy to drive profitable growth."
Installation of this new line is expected to begin in January 2007 with completion by the end of March 2007.
"This state-of-the-art facility will help us meet our customers' needs," said Nick Luchitz, vice president of manufacturing for Timken's Steel Group. "We are continually looking at ways to enhance our manufacturing technology to support our customers."
About The Timken Company
The Timken Company (NYSE: TKR) (http://www.timken.com) keeps the world turning, with innovative ways to make customers' products run smoother, faster and more efficiently. Timken's highly engineered bearings, alloy steels and related products and services turn up everywhere. With operations in 27 countries, sales of $5.2 billion in 2005 and 27,000 employees, Timken is Where You Turn(TM) for better performance.
| Product Model | Inside Diameter | Outside Diameter | Thickness |
| PE35 bearing | 35 | 80 | 40 |
| BE30 bearing | 30 | 72 | 21 |