News
Timken to Invest $60 Million, Hire 200 Engineers.
Issued at 2014-06-26
Tweet
Timken will commit $60 million to its DeltaX Initiative, a multi-year investment designed to improve the company's concept-to-commercialization efforts. The three product growth streams at the heart of the DeltaX Initiative are: Tapered Roller Bearings; Industrial Bearings, which includes the broader range of spherical, cylindrical, thrust and large-diameter tapered bearings; and Power Transmission and Engineering Systems, which focuses on the expanded portfolio of housed units, ball bearings, chain, couplings and related products. Timken also expects to hire approximately 200 engineers and related technical resources over the next three years to help fuel development of newly designed products and processes.
Source: Industrial Heating
Tweet
Related News
- Brazil and China should cooperate in the field of environmentally friendly steel: study
- Germany increased steel production by 4.8% y/y in February
- Global high-grade iron ore market is set to grow
- Global iron ore exports rise modestly in CY'25 as Brazil drives growth
- Iron ore prices rose by nearly 7% in March amid supply risks
- China expands restrictions on iron ore imports from BHP
- Germany - Trimet Aluminium’s Essen foundry reaches 10 million tonnes aluminium casting milestone
- Here's the Top 15 List of Pig Iron Companies 2026
- See all News
