NORTH
CANTON, Ohio, Dec. 13,
2024 /PRNewswire/ -- The Timken Company (NYSE:
TKR; www.timken.com), a global technology leader in engineered
bearings and industrial motion, rang the opening bell today at the
New York Stock Exchange (NYSE) in celebration of 125 years of
continually creating solutions and innovations for a world in
motion. President and CEO Tarak
Mehta joined the board of directors and company leaders on
the podium at the NYSE, where Timken has been listed since
1922.
"While we celebrate our past, we're excited about the
opportunities we have to build on Timken's legacy of
customer-focused innovation and excellence in quality," Mehta said.
"We have a bright future and are poised to profitably grow the
business and deliver significant shareholder value, thanks to our
strong brands, diverse portfolio and a global team of talented
employees."
The NYSE bell-ringing culminated a year of commemorative events
at Timken locations around the world and an increased global
commitment to STEM education to help mark the milestone.
Throughout its history, Timken has played a role in landmark
innovations, from the Wright Brothers' first flight and space
exploration to automation and marine propulsion systems. Founded in
1899, Timken built its reputation on designing the highest-quality
engineered bearings and has consistently identified new markets and
applications for products designed to drive the industrial
evolutions of the future.
Today's Timken is a diversified industrial leader with expertise
in friction management, power transmission, industrial motion and
materials science to support customers across a wide range of
industries, including aerospace, marine, robotics and more. Earlier
this year, Timken was named one of the World's Most Innovative
Companies by Fast Company.
About The Timken Company
The Timken
Company (NYSE:
TKR; www.timken.com) a global
technology leader in engineered bearings and industrial motion,
designs a growing portfolio of next-generation products for diverse
industries. For 125 years, Timken has used its specialized
expertise to innovate and create customer-centric solutions that
increase reliability and efficiency. Timken posted $4.8
billion in sales in 2023 and employs more than 19,000 people
globally, operating from 45 countries.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
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SOURCE The Timken Company