Conflict in Ukraine lands on Timken Co.'s doorstep
Resource from: CantonRep Likes:223
Oct 13,2014
Reminders of the ongoing war in Ukraine landed Thursday afternoon on Mount Pleasant Street NW across the street from the Timken Co.’s world headquarters.
A dozen people of Ukrainian heritage from Cuyahoga County carried signs and Ukrainian and U.S. flags, and demanded that Timken end its business connections with Russia.
In March, the bearings maker announced ventures with European Bearing Corp. and United Wagon Co., both based in Russia. The announcements came days after Russian troops moved into the Crimea and began supporting separatists in eastern Ukraine.
Since then, Ukrainian groups in Cleveland — about 50,000 people of Ukrainian descent live in Cuyahoga County — have complained about Timken’s decision.
COMPANY’S STANCE
The company has countered that the business move was in the works long before the dispute between Ukraine and Russia began.
“We entered the Russian market more than 20 years ago, as part of our growth strategy and in the interest of our shareholders,” Gloria Irwin, manager for corporate communications, said in a statement issued Thursday. “Our business dealings have always been shaped by our core values, and we continuously evaluate how and where we operate to ensure our commitment to them.”
Timken operates in 28 countries, and Irwin said the company monitors instances of social and political unrest. “Like the rest of the world, we share concern over the situation in Ukraine,” she said.
People who protested Thursday want that concern to translate into ending business ties with the two Russian companies.
“Is it part of your global expansion policy to kill people?” asked Pavlo Karpyn, a Parma resident. Karpyn said he has worked with other Cleveland-area Ukrainians to send supplies to residents and soldiers in Ukraine. The protest grew out of weekly meetings held by the group.
The United States and some European countries have placed economic sanctions against Russia as retaliation to the fighting in Ukraine. Karpyn said those sanctions don’t apply to Timken’s business ventures, but added that he believes other companies have curtailed business activities with Russia.
One of the protesters was Aleksandr Nechyporuk, who wore a brace on his right leg.
Nechyporuk, through a translator, said he was wounded in the leg and an arm by shots fired during a February protest at the Maidan square area in central Kiev.
Cleveland-area doctors with ties to the Ukraine helped bring Nechyporuk here for treatment at the Cleveland Clinic.
Nechyporuk, who is from Lutsk in eastern Ukraine, said students began protesting Ukraine President Viktor Yanukovych’s failure to sign an agreement aligning Ukraine with the European Union. Those protests grew into a fight for democracy, he said.
(CantonRep)
【CBCC 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"CBCC".
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.
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"CBCC".
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.
Previous Zero-Max Load Adaptors Connect Pump Impellers in Underwater Applications
Next Aug 17 Bearing Steel Price in Different Regions of China
Next Aug 17 Bearing Steel Price in Different Regions of China
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
