The Timken Company, a leader in engineered bearings and power transmission products, announced more than $75 million in capital investments through early 2022 to increase the company’s renewable energy capabilities across its global footprint.
To serve Timken’s global renewable energy customers, the company has developed an extensive network of engineering and innovation centers and manufacturing facilities located throughout the U.S., Europe and Asia. Timken will use the announced $75 million investment to:
•Expand its state-of-the-art and LEED-certified manufacturing facility in Xiangtan, China, where it makes engineered bearings for wind turbines.
•Continue to scale-up its production capacity at sites in Wuxi, China and Ploiesti, Romania, where Timken manufactures engineered bearings for wind turbines.
•Consolidate multiple sites into a new, larger campus in Jiangyin, China, to increase production capacity, broaden the product range and improve productivity for precision drives used in the solar energy market.
Timken’s wind energy product portfolio includes engineered bearings, lubrication systems, couplings and more. Timken has been active in the wind market for more than 10 years and is now a critical design and manufacturing partner to many of the world’s largest turbine and drive manufacturers.
Published in the January 2021 Edition