Timken Wuxi Bearing Plant Adds Capacity

Resource from: CBCC Likes:2919

Oct 20,2008

Timken Wuxi Bearing Co. Ltd. (China, a division of The Timken Company, USA; NYSE: TKR) brought additional large bearing manufacturing capacity fully online ten days ago. Timken's first Wuxi facility, which has now grown to several related plants, was initially brought online in mid-2005 tied to a facility it acquired with Torrington. In addition to manufacturing, Timken also operates a Technical Training Center in Wuxi, and a new Bearing Maintenance Center. This newest Wuxi operation to reach full production is important because it adds much-needed capacity for large industrial bearings. The Wuxi production dedicated to automotive-size bearings has also been making progress in market penetration among China's automakers and transplants. A recent contract with Volkswagen is cited as an example. In all, Timken employs nearly 1,800 workers in Wuxi's Industry Development Zone, and the plants there cover more than a million square feet of property.

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