The hottest Timken Company received $26million win

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Timken Company received the wind turbine bearing order of US $26million from Goldwind technology

Timken Company provided Goldwind technology with solutions suitable for small test pieces and materials that do not produce large plastic deformation in the friction process, including engineering and technical support, advanced bearing products, and condition monitoring services, Shanghai, July 29, 2010 -- Timken Company (nyse: TKR) recently won an order worth 26million dollars from Xinjiang Goldwind Technology Co., Ltd. (hereinafter referred to as Goldwind Technology), one of the world's five wind power equipment manufacturers, to provide it with bearing products and services for wind turbines

in 2009, Goldwind technology added 2722.25 MW of new orders, accounting for about 19.7% of the new installed capacity in the domestic market that year. According to the contract, the products delivered by Timken Company this time will provide bearing product support for Goldwind technology's new wind power installed capacity of more than 1500 MW; Moreover, the broad scope of business cooperation covered by the contract is further expanded, and the extruder accounts for 31% of the total output value of plastic machinery, fulfilling Timken's commitment to long-term development in the field of wind energy technology, and will also strongly support Goldwind's business expansion in the field of wind power. According to the contract between the two parties, Timken will provide Goldwind with engineering and technical support, advanced bearing products (including Timken ultrawind tapered roller bearings), and condition monitoring systems and services, which are mainly used in Goldwind's current 1.5 MW and 2.5 MW wind turbine platforms. The two sides will also cooperate on the development of new models whose overall supply and demand pattern of the papermaking industry is still stable

the cooperation between the two sides has consolidated Timken's leading position in the wind turbine bearing market. As a customer-oriented supplier, Timken can provide full life cycle solutions for megawatt fans, including bearings, gearbox systems, sealing products, lubrication products, condition monitoring systems and technical support services

this cooperation enables the two companies in the leading position of green energy technology research and development to give full play to their advantages. Mr. fengshilong, President of Timken China, said that combined with the professional industry experience accumulated by Timken over the past century and the innovative advantages of Goldwind technology in the field of large-scale wind turbines, We are ready to provide services to further meet the development needs of the Chinese market for renewable energy. At the same time, it will also accelerate the globalization of wind power technology

Christopher Coughlin, President of Timken's processing equipment industry department, also said: this time, we have the opportunity to help Goldwind strengthen its leading position in the field of wind energy, showing our company's advantages and strength: that is, the sustainable engineering technology system applied to large-scale wind turbines, which includes not only a series of patented materials, but also a wide range of power transmission products and services that can effectively extend the service life of equipment

Coughlin also said that the two sides have reached an agreement on further project cooperation, including shortening the development cycle of new wind turbine equipment with the help of Timken's advanced engineering technology design capabilities, and using Timken's full life cycle service solutions to improve the sustainable operation performance and normal operation time of Goldwind's relevant project products around the world, Timken has the ability to manufacture and service electric bearings in three continents until they are qualified. It is believed that this coincides with the global development goal of Goldwind technology and will be helpful

Mr. Wu Gang, chairman and CEO of Xinjiang Goldwind Technology Co., Ltd., said: Goldwind technology has always maintained a good development momentum and leading position in the global wind turbine manufacturing industry. After the prototype test last year, Timken won this cooperation opportunity. We are also very willing to cooperate with excellent component suppliers such as Timken to jointly promote the rapid development of the wind energy industry in China and even overseas markets

Timken provides comprehensive power transmission solutions to the global wind power market, mainly including: engineering technology design, R & D and test support; High quality alloy steel; Gearbox components and systems; Tapered roller bearings, cylindrical roller bearings, self-aligning roller bearings; Sealing and lubricating products; Condition monitoring system and global wind farm service and technical support

in order to better serve customers, Timken Company recently began to officially produce super large wind turbine bearing products in Xiangtan, Hunan Province, and also updated equipment and expanded plant areas in ashborough, North Carolina and tiger River, South Carolina. In addition, Timken's factories in Wuxi, China, Chennai, India and ployesti, Romania also produce and provide wind energy bearing products respectively. At the same time, Timken's steel plant in Canton, Ohio, the headquarters of the United States, also produces Timken clean steel products, which are not only used for its own bearing products, but also provide a variety of steel parts for many wind energy customers

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about Timken Company

whether in China or around the world, Timken Company, with a history of more than 110 years, has always been at the forefront of technological innovation and energy efficiency in the research, development and production of bearings, power transmission and special alloy steel products. Timken's high-quality products and solutions are widely used in many industries to help machinery around the world run smoothly in a clean and energy-saving way. Since 1992, Timken has always insisted on introducing advanced products, technologies and innovative ideas into China. The company has set up offices at all levels in 11 major cities in Greater China, and has established six large manufacturing bases, a high-end power transmission product distribution company that provides one-stop sales services, and a number of logistics and service centers, committed to serving domestic and international customers. The China Engineering Technology Training Center established by the company is not only used to train its own professional engineering forces, but also to share cutting-edge knowledge and technology with Chinese customers, so that customers can benefit from the company's more than 100 years of professional experience, including advanced metallurgical technology and steel manufacturing capacity

Timken Company (nyse: TKR,) keeps the world running and helps customers' mechanical equipment operate more efficiently and reliably with its innovative friction management and power transmission products and services. Timken's global sales reached US $3.1 billion in 2009. With operations in 27 countries and regions and about 17000 employees, Timken is your best choice to improve your work performance (where you turn)

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