NORTH
CANTON, Ohio, April 16,
2024 /PRNewswire/ -- The Timken Company
(NYSE: TKR; www.timken.com), a global leader in engineered
bearings and industrial motion products, has been named to
Fortune's list of America's Most Innovative Companies for
the second straight year.
"For 125 years, Timken has worked side-by-side with customers
across diverse industries to engineer solutions for their most
challenging problems," said Richard G. Kyle, Timken president
and chief executive officer. "Our world-class team designs and
develops innovative products that keep our world in motion and
enable a wide range of critical applications, from aviation and
space exploration to renewable energy and robotics. We are honored
to partner with leading global companies, including many on
Fortune's list."
Fortune and Statista, a market and consumer data
provider, evaluated companies through employee surveys and opinions
from experts in various fields. They cited product innovation,
process innovation and innovation culture among their criteria for
determining the companies honored this year. They also examined the
quantity and value of companies' patents.
This is the second time this year Timken has been recognized for
its innovation. On March 19, Fast
Company named Timken to its World's Most Innovative Companies
list. Timken's specialized expertise, 125 years of cross-industry
experience and depth of knowledge are unparalleled in the industry.
Timken invests a significant amount of time and resources growing
its expertise in friction management, materials science and
mechanical power transmission. On an ongoing basis, the company
explores new opportunities and new technologies, including emerging
trends in digital manufacturing, performance modeling, heat
treatment technologies and advanced lubrication science.
About The Timken Company
The Timken
Company (NYSE: TKR; www.timken.com) designs a
growing portfolio of engineered bearings and industrial motion
products. With more than a century of knowledge and innovation, we
continuously improve the reliability and efficiency of global
machinery and equipment to move the world forward. Timken
posted $4.8 billion in sales in 2023 and employs more
than 19,000 people globally, operating from 45 countries. Timken is
one of the World's Most Innovative Companies, according to Fast
Company, and has been recognized among America's Most
Responsible Companies and America's Greatest Workplaces for
Diversity by Newsweek, the World's Most Ethical
Companies® by Ethisphere and America's Most
Innovative Companies by Fortune.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
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SOURCE The Timken Company