Shanghai, December 16, 2024 /PR Newswire/ -- The Timken Company, a global leader in engineered bearings and industrial drives (NYSE: TKR), rang the opening bell on December 13, 2024, at the New York Stock Exchange (NYSE) to celebrate 125 years of developing solutions and driving innovation for a functioning world. On that day, the company's president and CEO, Tarak Mehta, along with Board of Directors members and company leaders, appeared at the Exchange podium to host the bell-ringing ceremony. The Timken Company was listed on the New York Stock Exchange in 1922.

"As we celebrate the company's illustrious history, we are also pleased to see that the company's tradition of customer-centric innovation and exceptional quality has created tremendous opportunities for our progress," Mehta stated, "We have a bright future. With a strong brand, a diversified product portfolio, and an excellent global team, we will achieve profitable business growth and create greater value for shareholders."

To celebrate the 125th anniversary of the company, The Timken Company organized a series of commemorative events globally this year, while increasing its global investment in science, technology, engineering, and mathematics (STEM) education. The bell-ringing ceremony at the New York Stock Exchange brought this series of events to a climax.

Throughout The Timken Company's history, from the Wright brothers' first flight to space exploration, and from automation to ship propulsion systems, it has played a significant role in many landmark innovations. Founded in 1899, The Timken Company is known for designing the world's superior quality engineered bearings and continuously seeking new markets and applications for products aimed at driving the future of industrial development.

Today, The Timken Company has become a leader in Diversified Industrials, possessing rich expertise in fields such as friction management, power transmission, industrial transmission, and materials science, providing support to customers in various industries including Aviation, Ship, and Siasun Robot&Automation. Earlier this year, The Timken Company was named one of "The World's Most Innovative Companies" by Fast Company magazine.

About The Timken Company

The Timken Company (NYSE: TKR) is a technology leader in the global engineering Bearing and industrial transmission field, designing a new generation of product portfolios for various industries while continuously expanding its product line. For 125 years, The Timken Company has continuously innovated with its expertise, creating customer-centric solutions that enhance reliability and efficiency. In 2023, The Timken Company achieved sales of 4.8 billion USD and has over 19,000 employees across 45 countries and regions globally. The Timken Company was recognized as one of the most innovative companies in the world by Fast Company magazine and has been featured on several rankings including the most responsible companies in America and best workplaces by Newsweek, best workplaces by Newsweek and U.S. News & World Report, the world's most ethical companies by the Ethisphere Institute, and America's most innovative companies by Fortune.

The Timken Company's Greater China headquarters is located in Shanghai, providing engineering Bearings and industrial transmission products for diversified industrial markets such as Energy, Aviation, Railroads, Autos, metallurgy, mining, Cement, and machine tools. In the region, the company has over 3,200 employees and operates five large Bearing manufacturing bases and four industrial transmission product manufacturing bases. The Timken Company has offices at various levels in 14 major cities, as well as one industrial service center and several logistics and engineering technology centers. The company actively engages in the construction and sustainable development of the communities in which it operates, dedicated to creating more value for society.

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