NORTH CANTON, Ohio,
March 13, 2017 /PRNewswire/
-- The Timken Company (NYSE: TKR; www.timken.com), a global
leader in bearings and mechanical power transmission products, has
once again been recognized by the Ethisphere Institute as one of
the world's most ethical companies.
"Throughout our company's 117-year history, doing the right
thing and treating others with honesty and respect have been at the
center of everything we do," said Richard
G. Kyle, Timken president and CEO. "Timken associates are
known worldwide for standing by their word and making things
right."
Timken is one of 131 organizations selected as a 2017 World's
Most Ethical Company®. The company has been recognized
each year for the last seven and is one of only five companies in
the Industrial Manufacturing category to receive this designation,
underscoring Timken's commitment to leading ethical business
standards and practices.
Scores are generated in five key categories: ethics and
compliance program (35%); corporate citizenship and responsibility
(20%); culture of ethics (20%); governance (15%) and leadership;
and innovation and reputation (10%).
"Over the last 11 years, we have seen the shift in societal
expectations, constant redefinition of laws and regulations and the
geo-political climate," explained Ethisphere's Chief Executive
Officer, Timothy Erblich. "We have
also seen how companies honored as the World's Most Ethical respond
to these challenges. They invest in their local communities
around the world, embrace strategies of diversity and inclusion,
and focus on long term-ism as a sustainable business advantage.
Congratulations to everyone at The Timken Company for being
recognized as a World's Most Ethical Company."
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 (BELA) and showcases trends and best
practices in ethics with the publication of Ethisphere
Magazine. More information about Ethisphere can be found at:
http://ethisphere.com.
About The Timken Company
The Timken Company
(NYSE: TKR; www.timken.com) engineers, manufactures and markets
bearings, gear drives, belts, chain, couplings, 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®, Drives®,
Lovejoy® and Interlube™. Known for its quality products
and collaborative technical sales model, Timken posted $2.7 billion in sales in 2016. With more than
14,000 employees operating from 28 countries, Timken makes the
world more productive and keeps industry in motion.
Media
Contacts
|
|
Media
Relations
The Timken
Company
mediarelations@timken.com
234-262-3514
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Investor
Relations
The Timken
Company
Jason
Hershiser
234.262.7101
jason.hershiser@timken.com
|
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SOURCE The Timken Company