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Home arrow News arrow New Project news arrow Timken Opens Third Indian Facility in Chennai to cater to global markets
Timken Opens Third Indian Facility in Chennai to cater to global markets Print E-mail
Written by Anand   
Tuesday, 22 April 2008
Chennai SEZ Plant to Manufacture Bearings for Global Industrial Markets

Bangalore — The Timken Company (NYSE: TKR) today announced the opening of a new bearing manufacturing plant in the Special Economic Zone (SEZ) at Chennai’s Mahindra World City.  The plant, Timken’s third major facility in India, will make tapered roller bearings for customers in global industrial markets.

Timken:James W. Griffith , President & CEO , The Timken Company, Gordon W. Robinson , Managing Director - Timken India, Sanjay Sinha , General Manager - Chennai  Plant, Douglas Smith, Director - Manufacturing AsiaFrom L-R : James W. Griffith , President & CEO , The Timken Company, Gordon W. Robinson , Managing Director - Timken India, Sanjay Sinha , General Manager - Chennai  Plant, Douglas Smith, Director - Manufacturing Asia

“This is an important addition to Timken’s expanding presence in India,” said Gordon W. Robinson, managing director of Timken’s Indian operations.  “Chennai is a rapidly growing location in a vibrant, dynamic economy where we have the opportunity to make quality, high-performance products for our global customers.”

In addition to the new plant in Chennai, Timken operates a bearing manufacturing plant in Jamshedpur and a Global Technology Center in Bangalore that has the capability to design, develop and test new friction management and power transmission technologies for customers in India and around the world.   

“The opening of our Chennai facility helps us achieve our core strategic objective of accelerating growth in Asia and in industrial markets,” said James W. Griffith, Timken president and chief executive officer, who was on hand for the official opening of the Chennai plant. 

Timken Chennai Plant“Global demand for industrial products is at historic levels, and this additional capacity will allow us to meet the needs of our customers with products that meet Timken’s global standards for quality, performance and value.  The success of our other Indian operations gave us the confidence to make this investment in the company’s future right here in Chennai.”

Timken announced plans to build its industrial bearing plant in Chennai in October 2006 for approximately $25 million.  The facility will manufacture tapered roller bearings from 200 mm to 300 mm in diameter for industrial customers.

"This plant was set up to serve our global customer base, but as India builds its infrastructure, we see significant opportunities to increase our sales in related industries," said Robinson.  "This includes rail, steel, cement, construction and automotive markets."

Timken now employs approximately 120 people in Chennai and more than 1,000 in India. 

About The Timken Company

The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers to perform faster and more efficiently.  With sales of $5.2 billion in 2007, operations in 27 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.

 
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