Timken Selects Mitsubishi Nagasaki Machinery to Provide New In-line Forge Press Equipment

State-of-the-art press will be unique in the U.S. market

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Jun 09, 2011, 09:35 ET

CANTON, Ohio, June 9, 2011 /PRNewswire/ -- The Timken Company (NYSE: TKR) today announced its selection of Japan-based Mitsubishi Nagasaki Machinery Mfg. Co., LTD to supply an automated, in-line forge press for Timken's Faircrest Steel Plant in Canton, Ohio. Timken expects the press, scheduled to begin operating in early 2013, to increase its steel manufacturing capacity and enhance the company's product portfolio.

(Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO )

Mitsubishi will supply the sophisticated, high-volume in-line press and material handling system, to be installed-upstream from the existing rolling mill at the Faircrest facility. As Mitsubishi's first such installation in the United States, the Timken system will provide unique processing capabilities to further enhance bar quality and yield, according to Tom Moline, Timken's vice president of steel manufacturing.

"Over the past year, we have experienced a tremendous increase in demand for Timken® high-quality steel products," said Moline. "The addition of this press will bring greater differentiation and ultimately expand our capacity to supply the highest quality product to our customers."

Timken will use the 3,000-ton press to enhance the consistency of properties of its special bar quality steel. Combined with the company's recent investments in large bar inspection, this new forging capability will reinforce Timken's position as the premier provider of sound-center large bars of up to 16 inches in diameter.

About Mitsubishi

Mitsubishi Nagasaki Machinery Mfg. Co., Ltd. was formally established in 1975 to succeed Mitsubishi Steel's steel-working, machinery and machining divisions. The company's origins date back to 1919, as part of Nagasaki Steel Works of Mitsubishi Shipbuilding & Engineering Co., Ltd.

About The Timken Company

The Timken Company (NYSE: TKR; www.timken.com) keeps the world turning with innovative friction management and power transmission products and services that are critical to help hard-working machinery to perform efficiently and reliably. With sales of $4.1 billion in 2010 and operations in 29 countries with approximately 20,000 people, Timken is Where You Turn® for better performance.

Contacts - Media: Lorrie Paul Crum, Ofc: 330.471.3514; Mob: 330.224.5021. [email protected]; Investors: Steve Tschiegg, Ofc: 330.471.7446. [email protected], The Timken Company.

SOURCE The Timken Company