Timken, a global technology leader in engineered bearings and industrial transmission, rang the opening bell at the New York Stock Exchange (NYSE) on December 13, 2024, celebrating the company’s 125 years of continuous development of solutions and innovation for the world in motion. On that day, President and CEO Tarak Mehta led the board of directors and company leaders to the exchange podium and presided over the bell ringing ceremony. Timken was listed on the New York Stock Exchange in 1922.
“As we celebrate our history, we are excited to see that our tradition of customer-centric innovation and quality create tremendous opportunities for us going forward,” said Mehta. “We have a bright future. With strong brands, a diverse product portfolio and an excellent global workforce, we are poised to grow our business profitably and create greater value for shareholders.”
To celebrate its 125th anniversary, Timken held a series of commemorative events around the world this year, while increasing its global investment in science, technology, engineering and mathematics (STEM) education, and the New York Stock Exchange bell ringing ceremony brought the series of events to a climax.
Throughout Timken’s history, from the Wright brothers’ first flight to space exploration to automation and ship propulsion systems, Timken has played an important role in many milestone innovations. Founded in 1899, Timken is known worldwide for designing the world’s best quality engineered bearings, and continues to find new markets and applications for products designed to drive future industrial development.
Today, Timken is a diversified industry leader with expertise in friction management, power transmission, industrial transmission and materials science, supporting customers in a variety of industries including aerospace, marine, robotics and more. Earlier this year, Timken was named one of the “World’s Most Innovative Companies” by Fast Company magazine. ·
Timken News 35 Timken News · Contents #Timken News Previous article Timken was named America’s Most Responsible Company by Newsweek for the fifth consecutive year