The Timken Company Case 46

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GENEVA BUSINESS SCHOOL Master of Science in Finance Final Assignment June 2011 The Timken Company Student : Nguyen Hoang Ngoc Anh Professor: Dr. John Heptonstall Subject: Strategy and Financial June 2011 I. The bearing industry Bearings industry of various sizes and specifications found their way into everything from space shuttles to household appliances, automobiles, dentist drills, roller skates, and computer disk drives. The bearing industry was facing a variety of complex problems. Policies favoring the steel industry were not always in the best interest of the bearing industry, which, as manufacturers of secondary steel products, was in the middle of the production chain. Because bearings were…show more content…
A small part of their business involves providing bearing reconditioning services for industrial and railroad customers, both internationally and domestically. Timken operated in three segments: the Automotive Group, the Industrial Group, and the Steel Group. • The Automotive and Industrial Groups designed, manufactured, and distributed a range of bearings and related products and services. Automotive Group customers included original-equipment manufacturers of passenger cars and trucks, ranging from light- and medium-duty to heavy-duty trucks and their suppliers. The tapered roller bearing was Timken’s principal product in the antifriction-industry segment . A majority of Timken’s aerospace and super precision products were custom-designed bearings and spindle assemblies. They often involved specialized materials and coatings for use in applications that subjected the bearings to extreme speed and temperature operating conditions. The company competed with domestic manufacturers as well as foreign manufacturers of antifriction bearings, including SKF, INA-Holding Schaeffler KG, NTN Corporation, Koyo Seiko Company, Ltd., and NSK, Ltd. Timken’s principal competitors in aerospace products included Ellwood Specialty, Slater/Atlas, and Patriot. • Industrial Group customers included both OEMs and distributors for agricultural, construction, mining, energy, mill,

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