Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why has Timken concluded that it’s better off divesting the needle roller bearings business?

April 26, 2017Bearings Business concluded divesting needle roller timken

0

Posted

Why has Timken concluded that it’s better off divesting the needle roller bearings business?

1 Answer

0

Posted

A. The sale supports our strategy to grow and optimize Timken for long-term value creation. This transaction is a major step forward in our strategy to transform and diversify our portfolio to focus on industrial sectors with strong aftermarkets. It positions us to concentrate our resources on areas where we can realize mutual value with our customers.