Announces new $70 million investment to further expand wind energy manufacturing capabilities, coming online in 2023
NORTH CANTON, Ohio, May 9, 2023 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, today announced a new $70 million investment to further expand manufacturing capabilities to support increased demand for its wind energy solutions. This adds to its previously announced $75 million commitment to strengthen both wind and solar capabilities, bringing the total investment to $145 million since 2020 to expand the company's renewable energy capacity in Europe and Asia.
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