Timken has announced plans to close its
According to a statement, the decision is part of an ongoing program to increase competitiveness of its Automotive Group by reducing fixed costs and creating more focused factories across its automotive product portfolio.
Products from the
“It is necessary that we continue to competitively position our operations. The decision to close this plant resulted from a lengthy study of our automotive business that identified the need to exit certain product lines and to reduce fixed costs across our manufacturing network,” said Jacqui Dedo, president of the company’s Automotive Group.
Consistent with the company’s manufacturing strategy of creating more focused factories,