Timken won’t curb steel capacity: exec

Oct 29, 2013 | 12:11 PM | Corinna Petry

Tags  Timken, steel business, capacity utilization, profit margin, new equipment, customer service, James Griffith, Ward Timken Tim Timken

CHICAGO — Timken Co. doesn’t plan to curtail capacity at its steel business as it is realizing profits even at low utilization rates, the company said.

The decision might run counter to investors’ expectations since the Canton, Ohio-based company is working to separate its steel and bearings businesses, but executives said that investments in its steel operation increase Timken’s ability to meet tougher high-quality applications that command a premium, thereby enhancing steel margins.....

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