Timken to invest $70 million to expand renewable energy capabilities

May 10, 2023
This investment is on top of the $75 million commitment Timken made last December to improve its wind and solar capacity.

Timken plans to invest $70 million to expand its manufacturing capabilities and its wind energy solutions. This investment is on top of the $75 million commitment Timken made last December to improve its wind and solar capacity. This investment will be used on automated manufacturing equipment which Timken claims will result in increased production capacity of engineered bearings for wind turbines.

In a recent quote, Richard G. Kyle, Timken president and chief executive officer, said, "We continue to see tremendous demand for our renewable energy solutions, especially in wind. In response, we've developed a focused and highly effective network of engineering and innovation centers and manufacturing facilities to serve our global renewable energy customers. This additional investment will specifically enhance our ability to support the rapid growth we're seeing in the wind energy sector as the world continues its transition to renewable energy sources."

Sponsored Recommendations

A Paradigm Shift in Pump Selection

Jan. 22, 2025
Discover how INNOMAG® is transforming pump selection with innovative design and unparalleled performance. Learn how this breakthrough solution simplifies operations, enhances ...

The Need for Speed: The Most Advanced Sealless Pump is Also the Fastest

Jan. 14, 2025
Struggling with a troublesome pump? Get a reliable solution in just five days with the fastest, most advanced sealless pump on the market.

Say Goodbye to Pumping’s Weakest Links

Jan. 14, 2025
Shaft seals and ball bearings cause nearly 80% of pump failures—but not with INNOMAG®. With no seals, no bearings, and a thrust-balanced design, these pumps deliver unmatched ...

Ready to Reduce the Cost of Energy with a Highly Efficient, More Forgiving Pump?

Jan. 14, 2025
INNOMAG® pumps save energy and maintain peak efficiency over time—no wear and tear. Discover how they can lower your operating costs and increase reliability.