Company recognized for innovative
processes, products and culture
NORTH
CANTON, Ohio, March 29,
2023 /PRNewswire/ -- The Timken Company (NYSE: TKR;
www.timken.com), a world leader in engineered bearings and
industrial motion products, has been named one of America's Most
Innovative Companies by Fortune magazine and market and
consumer data provider Statista. Timken is one of 300 companies
included on the inaugural list.
"Timken has innovated for our customers for more than 120
years," said Richard G. Kyle, Timken president and chief
executive officer. "Our team of problem solvers is not only known
for rigorous thinking and specialized expertise but also for their
collaborative approach and accessibility. We're honored to appear
on this list alongside many of America's most iconic and innovative
companies."
Fortune and Statista evaluated companies through
employee surveys and opinions from experts in various fields. They
cited product innovation, process innovation, innovation culture
and revenue growth among their criteria for determining the
companies on the list.
As a world leader in engineered bearing technology, Timken has
leveraged its global leadership position to expand and scale in
industrial motion products and services. Informed by its deep
vertical industry knowledge and vast experience across many end
markets and geographies, Timken applies innovative problem solving
to its customers' most challenging applications. The company is a
trusted technical partner for customers as they develop more
sustainable equipment solutions for a broad range of
industries.
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 $4.5 billion in sales in 2022 and employs more
than 19,000 people globally, operating from 46 countries. Timken
has been recognized among America's Most Responsible
Companies by Newsweek, the World's Most Ethical
Companies® by Ethisphere, America's Most Innovative
Companies by Fortune and America's Best Large Employers, Best
Employers for New Graduates and Best Employers for Women by
Forbes.
Media Relations:
Scott
Schroeder
234.262.6420
scott.schroeder@timken.com
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SOURCE The Timken Company