Timken Receives $3.8 Million Contract from Masteel in China

Resource from: CBCC Likes:2926

Jun 18,2008

The Timken Company (NYSE: TKR) announced yesterday that it secured a $3.8 million contract for bearings from Masteel, one of the largest iron and steel producers in China. The order is for large-bore Timken™ tapered and spherical roller bearings for application in the rougher and finisher of Masteel’s hot-strip rolling mill. Masteel awarded this contract to Timken based on its previous experience using Timken tapered roller bearings in a separate application. Timken supplies a broad range of friction-management and power-transmission solutions, including tapered, spherical, cylindrical and needle bearings for industrial applications.

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