The Timken Company (NYSE:TKR) has completed an agreement with Weir Canada, Inc. to be the authorized provider of Timken repair services for chock bearing maintenance and chock repair for metal manufacturing customers in Canada. The addition of Weir’s service capabilities improves Timken’s delivery of repair services for chocks, which are bearing housings, to Canadian metal manufacturers.
Timken will provide training in specialized mill repair services, technical assistance and other necessary support to Weir. Based in Ontario, Weir is a leading provider of equipment maintenance, process support and asset management in conventional power generation and renewable energy, oil and gas, water, marine and general industry.
“The metal manufacturers that Timken serves in Canada will benefit from Weir’s close proximity and high-quality service,” said Roger L. Oberweiser, business development manager for Timken industrial services. “This relationship strengthens the service level and expands Timken’s ability to create value for customers in this important industry.”
Long known for its expertise in engineering and manufacturing bearings, Timken also offers a full range of maintenance and repair services for heavy industrial manufacturers around the world. The agreement with Weir covers only metal manufacturers and does not extend to other Timken customers in Canada.
“Weir and Timken are similarly dedicated to supplying solutions to industrial customers, and we both share a reputation for helping our customers improve performance,” said Charles Laarhuis, regional service director for Weir Canada. “Timken is the kind of company that meets our criteria for the service relationships that we value.”
About Weir Canada, Inc.
Established in 1897, Weir Canada, Inc. supplies Canadian industry with a wide range of industrial products and services. A Weir Group PLC company, Weir Canada markets leading industrial products from Weir and a range of select U.S. and United Kingdom manufacturers. The Weir Group PLC employs around 8,000 people worldwide across five divisions.
About The Timken Company
The Timken Company (NYSE:TKR, http://www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers to perform faster and more efficiently. With sales of $5.0 billion in 2006, operations in 26 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.
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Investor Contact: Steve Tschiegg
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