Timken will operate the business as Timken Boring Specialties, from its current location in Houston, Texas. Timken said that it will continue to invest in its ability to meet the needs of customers in the global energy market with hole-making, hole-finishing and related machining services.
In 2007, Timken added new induction heat-treat capabilities and expanded the outer diameter of round steel bars and the length of steel tubing it offers to customers in global energy and other markets. The company is also building a new small-bar mill in Canton, Ohio, that will allow it to create alloy steel bars down to one inch in diameter.
Timken said that, the latest addition to its steel portfolio, Timken Boring Specialties, creates a simplified and cost-effective supply chain by providing a single-point material and machining source for original equipment manufacturers and distributors.
Salvatore Miraglia, president of Timken’s steel group, said: We are continuing to make strategic investments in our steel capabilities to bring more value to customers in targeted markets, contributing to Timken’s profitable growth. The addition of Timken Boring Specialties to our portfolio is the latest in a series of investments to extend our differentiation in the marketplace.
