The Timken Company
The Timken Company specializes in engineered bearings and power transmission products, offering a diverse portfolio that includes brands like TIMKEN®, BEKA, and Cone Drive.
Services
The Timken Company provides an extensive range of services centered around engineered bearings and power transmission products. Their expertise lies in friction management, power transmission, and materials science. They offer comprehensive engineering tools, including CAD drawings and bearing engineering tools, to assist in designing and implementing their products. This focus ensures that clients receive tailored, efficient solutions for their industrial needs.
Products
The Timken Company offers a diversified portfolio of products ranging from various types of engineered bearings to industrial motion products. Their product line includes ball bearings, cylindrical bearings, housed units, and precision bearings. In the realm of industrial motion, they provide augers, automatic lubrication systems, belts, and more. Their branded offerings include names like TIMKEN®, BEKA, Cone Drive, illustrating the comprehensive nature of their product portfolio.
Acquisitions
In the past 13 months, The Timken Company has expanded its footprint through the acquisition of four new bearing companies. This strategic move not only broadens their product offerings but also strengthens their market position in the engineered bearings sector. These acquisitions align with their goal of enhancing revenue, margins, and overall market leadership.
Market Recognition
The Timken Company has been recognized for its innovation and market leadership. Fast Company and Fortune have listed it among the World's Most Innovative Companies. The recognition underscores its ongoing commitment to pioneering advancements in engineered bearings and power transmission products. The accolade also highlights the company's industry influence and dedication to maintaining its edge in materials science.
2023 Annual Report
The 2023 Annual Report of The Timken Company revealed a year of record results characterized by increased revenue, improved margins, and strengthened market leadership. These achievements reflect the company’s strategic initiatives and successful execution in expanding its product lines and market presence. The report indicates a robust performance and sustained growth trajectory moving forward.