Date: 2013-08-01

Timken to shut Ontario plant, costs 190 jobs

The Timken Co. (NYSE:TKR) said on Thursday it would close a plant in St. Thomas, Ontario in one year, which translates to about 190 job losses.

The Canton, Ohio-based company makes everything from power transmission parts and systems to alloy steel and bearing lubrication.

Timken also said Thursday that customer service for its Canadian market will be moved to its offices in Toronto.

The plant, built in 1946 to serve the Canadian automotive market, makes tapered roller bearings for heavy-truck and industrial applications.

Production will be transferred to Timken's operations in Ohio, North Carolina and South Carolina sometime in mid-2013.

Timken said changes to its customer base have accelerated recently, which has lowered demand for its products made in St. Thomas.

Previous: BSA Announces 2012-2013 Meeting Dates
Next: MISUMI Announces an Officer Personnel Change

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
7310B NACHI	50	110	27
7310 NACHI	50	110	27

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.