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Layoffs Coming Soon at Diamond Chain Co.

Layoffs Coming Soon at Diamond Chain Co.
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Chains and Sprockets Market - Massive Growth Ahead | Renold, Rexnord, Timken

Chains and Sprockets Market - Massive Growth Ahead | Renold, Rexnord, Timken
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Global Chain Drives Market (2021 to 2026) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts

The "Chain Drives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. ....

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Timken Reports Fourth-Quarter and Full-Year 2020 Results; Expects Strong Growth in 2021

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NORTH CANTON, Ohio, Feb. 4, 2021 /PRNewswire/ The Timken Company (NYSE: TKR; www.timken.com), a world leader in engineered bearings and power transmission products,
today reported fourth-quarter 2020 sales of $891.7 million, down 0.5 percent from the same period a year ago, as the net impact of lower demand offset the favorable impact of acquisitions, currency translation and pricing.
Timken posted net income of $53.1 million or $0.69 per diluted share in the fourth quarter, versus net income of $113.5 million or $1.48 per diluted share for the same period a year ago. The year-over-year decrease in GAAP net income was primarily driven by the net unfavorable impact of special items (detailed in the attached tables), including pension remeasurements and discrete taxes. ....

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Timken Buys Aurora Bearing, Positions Itself As Engineered Bearings Leader

Timken Buys Aurora Bearing, Positions Itself As Engineered Bearings Leader
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One of North America’s largest providers of bearings products and other power transmission solutions is growing further.
Timken which had 2019 total sales of $3.8 billion said that Aurora will end up with 2020 full-year sales of about $30 million. Specializing in the production of rod ends and spherical plain bearings, Aurora has about 220 employees between its offices, manufacturing facility, and research and development center in Montgomery, a suburb southwest of Chicago. Founded in 1971, privately owned Aurora’s key end markets are in aerospace and defense, off-highway equipment, packaging, and auto racing. ....

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