NORTH CANTON, Ohio,
March 9, 2015 /PRNewswire/ -- The
Timken Company (NYSE: TKR; www.timken.com) has been recognized for
the fifth time by the Ethisphere® Institute as being
among the world's most ethical companies.
Timken is among more than 130 organizations selected as a 2015
World's Most Ethical Company®. The designation
recognizes organizations that foster a culture of ethics and
transparency at every level of the company.
Ethics and integrity has been at the company's core since its
founding. Being a five-time honoree underscores the company's
ongoing commitment to conducting business according to the highest
ethical standards and practices.
"Our core value of ethics and integrity stands as a cornerstone
at The Timken Company and it speaks to our commitment to always do
what's right," said Richard G. Kyle, Timken president and
CEO. "Integrity guides every action we take as we put our products,
processes and know-how to work in solving our customers' most
complex problems."
The Ethisphere Institute developed a framework that assesses an
organization's performance in an objective, consistent and
standardized way. Scores are generated in five categories: ethics
and compliance program (35%), corporate citizenship and
responsibility (20%), culture of ethics (20%), governance (15%) and
leadership, innovation and reputation (10%).
"Earning this recognition involves the collective action of a
global workforce from the top down. We congratulate everyone at
Timken for this extraordinary achievement," said Ethisphere Chief
Executive Officer Timothy
Erblich.
About the Ethisphere Institute
The
Ethisphere Institute is the global leader in defining and
advancing the standards of ethical business practices that fuel
corporate character, marketplace trust and business success.
Ethisphere has deep expertise in measuring and defining core ethics
standards using data-driven insights that help companies enhance
corporate character. Ethisphere honors superior achievement through
its World's Most Ethical Companies recognition program, provides a
community of industry experts with the Business Ethics Leadership
Alliance and showcases trends and best practices in ethics with the
publication of Ethisphere Magazine and The World's Most Ethical
Companies Executive Briefing. Ethisphere is also the leading
provider of independent verification of corporate ethics and
compliance programs. More information can be found at:
http://ethisphere.com.
About The Timken Company
The Timken Company
(NYSE: TKR; www.timken.com) engineers, manufactures and markets
bearings, transmissions, motors, gearboxes, chain and related
products, and offers a spectrum of powertrain rebuild and repair
services. The leading authority on tapered roller bearings, Timken
today applies its deep knowledge of metallurgy, tribology and
mechanical power transmission across a variety of bearings and
related systems to improve reliability and efficiency of machinery
and equipment all around the world. The company's growing product
and services portfolio features many strong industrial brands
including Timken®, Fafnir®, Philadelphia
Gear®, Interlube® and
Drives®. Known for its quality products and
collaborative technical sales model, Timken posted $3.1 billion in sales in 2014. With approximately
16,000 people operating from 28 countries, Timken makes the world
more productive and keeps industry in motion.
Media
Contact:
|
Investor
Contact:
|
Gloria
Irwin
|
Steve
Tschiegg
|
Communications
Manager
|
Director - Capital
Markets & Investor Relations
|
4500 Mount Pleasant
St. N.W.
|
4500 Mount Pleasant
St. N.W.
|
North Canton, OH
44760 U.S.A.
|
North Canton, OH
44760 U.S.A.
|
Telephone:
234.262.3514
|
Telephone:
234.262.7446
|
mediarelations@timken.com
|
Steve.tschiegg@timken.com
|
Logo - http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/timken-selected-for-fifth-time-as-one-of-worlds-most-ethical-companies-300047541.html
SOURCE The Timken Company