Latest Timken Company Stories
CANTON, Ohio, May 13, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) today announced the continued expansion of its industrial services capabilities with the acquisition of the Standard Machine business based in Saskatoon, Saskatchewan, Canada. (Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO ) Standard Machine provides new gearboxes, gearbox service and repair, open gearing, large fabrication, machining and field technical services to end?users in...
Timken directors declare quarterly cash payout of 23 cents per share CANTON, Ohio, May 7, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) board of directors today declared a quarterly cash dividend of 23 cents per share. The dividend is payable on June 4, 2013, to shareholders of record as of May 17, 2013. (Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO) This marks the 364th consecutive quarterly dividend paid on the common stock of the company...
Shareholders Support Proposal to Spin Off Steel Business; Re-elect Members of the Board of Directors CANTON, Ohio, May 7, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) held its 109(th) annual meeting of shareholders today in Canton, Ohio. At the meeting, shareholders re-elected all 12 members of the board of directors to new one-year terms. Shareholders also supported the non-binding shareholder proposal to spin off the company's Steel business with...
Urges Shareholders to Vote Before May 7 Annual Meeting AGAINST the Misguided Proposal to Spin-Off the Steel Business CANTON, Ohio, April 25, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) continues to urge Timken shareholders to support the Company's proven strategy of creating shareholder value, and asks them by letter to vote AGAINST Proxy Statement Item No. 6, the shareholder proposal to spin-off the Steel business. (Logo:...
CANTON, Ohio, April 19, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) today awarded scholarships to 38 children of Timken employees at 24 locations in six countries around the world. The Timken Company Charitable and Educational Fund, Inc., funds the scholarships, with a combined value of $310,000 and a total value of up to $790,000 over four years. The program has awarded more than $20 million in scholarships since its founding in 1958. (Photo:...
CANTON, Ohio, April 15, 2013 /PRNewswire/ -- Recommends Shareholders Vote AGAINST the Proposal to Spin-Off the Steel Business Highlights Importance of the Company's Proven, Integrated Strategy in Creating Value for Shareholders The Timken Company (NYSE: TKR; www.timken.com) today announced that it sent a letter to its shareholders, urging them to support the Company's proven strategy to create shareholder value and vote AGAINST Proxy Statement Item No. 6, the shareholder proposal...
Based in Princeton, W.Va., newest addition provides motor services in 7 states CANTON, Ohio, April 12, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) continues to expand its industrial services capabilities, announcing today that the company has acquired the assets of Smith Services, Inc., based in Princeton, W.Va. (Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO ) In 2012, Smith Services reported sales of approximately $17 million. The 140...
CANTON, Ohio, April 10, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) announced today the completion of three previously announced capital investment projects totaling $85 million. The Steel business investments include an open-die in-line forge press at the Faircrest Steel Plant in Canton, and an intermediate finishing line and a second induction thermal treatment line at the Gambrinus Steel Plant, also in Canton. (Photo:...
CANTON, Ohio, April 10, 2013 /PRNewswire-FirstCall/ -- The Timken Company (NYSE: TKR; www.timken.com) will release its 2013 first-quarter financial results on Wednesday, April 24, 2013, prior to the opening of the New York Stock Exchange. (Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO) The company will host a conference call that day to discuss its financial performance with investors and securities analysts. The financial results and conference call materials will...
Recommends Shareholders Reject Proposal To Spin-Off the Steel Business CANTON, Ohio, April 2, 2013 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com) today announced that it sent a letter urging shareholders to support the company's proven strategy of creating shareholder value and to vote AGAINST Item No. 6 of its proxy statement, the shareholder proposal to spin-off the Steel business. Timken also announced that members of its board and management team met with The...
