Timken joint venture with Hunan Electric shares of wind power bearing new factory groundbreaking

The Timken Company (NYSE: TKR) 10 28 announced, together with Xiangtan Electric Co., Ltd., a joint venture between the two sides of the new plant - Iron Mu Kenxiang electricity (Hunan) bearing manufacturer Co., Ltd. held its groundbreaking ceremony. The plant will use advanced technology, production for the manufacture of wind turbines mega drive spindle bearings, thus helping to meet China's growing market for alternative energy industry needs.

Joint venture partners in December 2007 announced a joint venture agreement, in Xiangtan City, Hunan to build new plants for the production of high-performance fan shaft bearings. Renewable energy is an emerging technology, which plays a vital bearing on the role of the joint venture will Timken steel, transmission design and precision manufacturing expertise and capacity with the Hunan Electric shares in the Chinese market heavy equipment manufacturing industry leader in combining will focus its efforts to meet the rapid development of China's wind power industry. The plant is completed, is expected to reach more than 100 employees.

The Timken Company Board Main Xi Wode (Tim) Speech by Mr. Timken

Attending the groundbreaking ceremony of the new plant in Xiangtan Timken Company Board Main Xi Wode (Tim) Timken, said: "The ability to collaborate with the Hunan Electric shares is our pleasure, we hope to Timken power transmission and Materials Science aspects of a hundred years of expertise applied to this new facility, in close collaboration with both sides to meet 21st century demands for renewable energy. "

Hunan Governor Zhou Qiang, vice governor Zhao-Xiong Chen, Yu Aiguo mayor of Xiangtan City, Hunan Electric Group Co., Ltd., and Zhou Jianxiong also attended the ceremony, and with the leadership of Timken play together for the new factory groundbreaking shovel foundation.

The Timken Company holds eighty percent stake in the joint venture. New plant bearing products exclusively serve the Chinese market, is expected to be the first pieces off the assembly line in 2010.

Timken offers are widely used in the wind power market friction management and power transmission solutions, including cylindrical roller bearings, integrated IFB, large-diameter tapered roller bearings and high-quality alloy steel components.