The Timken Co was founded in 1899. It designs, manufactures and markets mechanical components such as bearings and power transmission solutions, tapered roller bearings, precision cylindrical and ball bearings, spherical and cylindrical roller bearings, chains and augers, gear-drive systems, and aerospace products, industrial services, steel, and precision steel components. The Company operates under two reporting segments: Mobile Industries and Process Industries; The Mobile Industries segment includes aftermarket distribution operations for automotive and heavy truck applications. The Process Industries segment includes sales of bearings, mechanical power transmission components, industrial chains, augers and related products and services to customers including original equipment manufacturers in the power transmission, energy and heavy industry market sectors. The Process Industries segment also includes aftermarket distribution operations for products other than steel and automotive applications. The Aerospace segment includes sales of bearings, helicopter transmission systems, rotor head assemblies, turbine engine components, gears and other precision flight-critical components for commercial and military aviation applications. The Company's customers are from sectors such as industrial equipment, construction, agriculture, rail, aerospace and defense, automotive, heavy truck and oil and gas. The Company's international footprint consists of 63 manufacturing facilities, 12 technology and engineering centers and 26 distribution centers and warehouses. Currently the Company operates in 28 countries. The Company competes with domestic manufacturers and many foreign manufacturers of anti-friction bearings, including SKF Group, the Schaeffler Group, NTN Corporation, JTEKT Corporation and NSK Ltd. The Company owns U.S. and foreign patents, trademarks and licenses relating to certain products. The Company is subject to various federal, state, local and foreign environmental, health and safety laws and regulations concerning issues such as air emissions, wastewater discharges, solid and hazardous waste handling and disposal and the investigation and remediation of contamination.
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