Timken accelerates capacity expansion
The Timken Company is accelerating capacity expansion in Asia, including its Chennai plant and its plants in Wuxi and Xiangtan, China. Timken India Manufacturing is a wholly owned subsidiary, which plans to invest around Rs 200 crore towards capacity expansion. The Chennai facility is currently manufacturing 8-12 inch bearings which are used in power infrastructure and construction equipment. In the second phase, which is expected to commence commercial production in the first three months of 2012, the company will manufacture 0-8 inch bearings for automotive sector. In the third phase, the company plans to manufacture bearings of 12-18 inch.