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Timken spinoff company profiles

Tale of two companies

Here’s what Timken Co. projects the new companies will look like after its corporate division is completed.

The new, unnamed steel company:

• Revenue: $1.7 billion.

• Employees: 3,000 (estimated).

• Markets: Oil and gas industry, 26 percent; industrial, 44 percent; automotive/mobile, 30 percent.

• Products: Alloy steel bars, seamless mechanical tubing, gear and ring preforms, “value-added solutions.”

• Major customers: Timken, General Motors, Ford, Toyota, John Deere, National Oilwell Varco, Castle Metals and others.

• Chief executive: Ward J. “Tim” Timken Jr.

The new Timken Co:

• Revenue: $3.4 billion.

• Employees: 17,000 (estimated).

• Markets: Mobile (automotive and other) industries, 50 percent; process industries, 40 percent; aerospace, 10 percent.

• Products: Bearings, transmissions, gearboxes, industrial chain, related products and services.

• Major customers: Boeing, John Deere, Fiat, ArvinMeritor, United Technologies, AutoZone, Caterpillar, Nissan and others.

• Chief executive: Richard G. Kyle.

— Compiled by Jim Mackinnon


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