Global bearing manufacturer Timken plans to close its plant in Darlington, England during the next 8 to 12 months affecting the jobs of 104 employees.
The Darlington plant was opened in 1964 by the former Torrington Company, which Timken recently acquired. The plant produces large cylindrical, spherical and tapered roller bearings that are used in a range of industrial applications, including rolling mills, mining, construction and wind energy.
Twice in the last two years, as the Darlington plant attempted to cope with a weakened economy and world-wide excess capacity, its workforce has been reduced.
Despite improvements, the plant continues to have high fixed costs and has been unable to achieve an acceptable rate of return on investments and thus remain competitive globally, according to a statement from Timken.
Production at the plant is to be transferred to other Timken manufacturing facilities which already focus on the products made at Darlington and which produce them in larger quantities and at lower costs. Movement of equipment is expected to begin between July and September.