Timken Aggressively Targeting Asian Market

Resource from: CBCC Likes:2960

Mar 29,2005

The Timken Company (USA) has identified Asia as its primary geographic target market for an aggressive five-year sales and market penetration strategy. W.R. "Tim" Timken said during a recent visit to India that, "Asia is a big growth market for us and China and India are our main markets here." By 2010, he said, Timken expects to have quintupled its bearing sales in the Asian region, to more than USD $250 million. Timken's primary research facility is near its home office in Canton, Ohio; but its second-largest research facility is its 300-employee operation in Bangalore, India. article: Timken expanding Bangalore R&D facility To support the five-year growth initiative, Mr. Timken said staffing at the Bangalore R&D facility will probably grow by another 200 employees over the next few quarters. Timken's sales in the Asian region are already growing rapidly along with the overall market, but the new target sales growth rate is double the market's overall rate. To accomplish that, Timken is not only moving to increase existing market penetration, but also building a presence in entirely new markets. For example, Timken India's Managing Director, Gordon Robinson, said there is a now a program in place to develop bearings specifically for 3-wheelers, scooters, and motorcycles. Timken's overall market share in India currently stands at less than 15%, although its strength across Asia has come from the fast-growing automotive, rail, heavy-duty truck, industrial, and off-road markets. Mr. Robinson also mentioned the possibility of Timken growing its Asian market presence by acquisition, but declined to offer any specifics.

()

【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.

Add to My Favorites

[Close the window]

Previous General Bearing Will Continue Financial Reporting After Delisting
Next Magnetic Suspension Bearing Technology Successfully Used in 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.