Timken Company Celebrates 125 Years by Ringing NYSE Opening Bell

A Historic Moment for Timken Company at NYSE

On December 13, 2024, the Timken Company, a global leader in engineered bearings and industrial motion, proudly rang the opening bell at the New York Stock Exchange (NYSE), marking a significant milestone of 125 years in business. This celebration was attended by President and CEO Tarak Mehta, members of the board of directors, and key company leaders, who joined together at this prestigious platform.

Founded in 1899, Timken has become synonymous with innovation and quality, supplying engineered solutions that have shaped industries worldwide. From the days of the Wright Brothers' first flight to contributions in space exploration, automation, and marine propulsion systems, the company's impact on technology and manufacturing is profound. Tarak Mehta emphasized the importance of this historic moment, stating, "While we celebrate our past, we’re excited about the opportunities to build on Timken’s legacy of customer-focused innovation and excellence in quality."

The ringing of the bell was more than just a ceremonial act; it crowned a year filled with activities commemorating this landmark occasion at various Timken locations worldwide. The company also pledged to strengthen its commitment to Science, Technology, Engineering, and Mathematics (STEM) education to inspire future generations.

Timken's diverse portfolio has positioned it as a leader in friction management, power transmission, industrial motion, and materials science, catering to various sectors such as aerospace, marine, robotics, and beyond. In recognition of its efforts, Timken was named one of the World's Most Innovative Companies by Fast Company earlier this year, further solidifying its reputation for excellence.

With a recorded sales figure of $4.8 billion in 2023 and a workforce exceeding 19,000 across 45 countries, Timken continues to leverage its specialized expertise to fulfill customer needs through innovative solutions. The company’s strategic approach to growth ensures that it remains at the frontier of industrial evolution, setting new standards for quality and performance in the industry.

About The Timken Company
As a technology leader, the Timken Company designs a broad array of next-generation products aimed at enhancing reliability and efficiency across multiple industries. Its steadfast commitment to developing customer-centric solutions has paid dividends, maintaining strong brands and a diverse portfolio that promises future profitability.

As Timken embarks on its next chapter, it stands ready to embrace new challenges with the same spirit of innovation that has guided its journey over the past 125 years. The future indeed looks bright for Timken, as it strives to deliver significant shareholder value and continues to redefine what is possible in industrial motion and engineering.