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The eBearing News
November 14, 2005
Timken Plans Olomouc Expansion
copyright © 2005 eBearing Inc.
The Timken Company (USA; NYSE:
TKR)
has signaled plans to expand its Timken Czech s.r.o. plant in Olomouc (North Moravia, Czech Republic).
The needle roller bearing plant was built by the former Torrington company in 2001 and inaugurated in
2002, when Torrington was a division of Ingersoll-Rand. Timken acquired Torrington from
Ingersoll-Rand in early 2003.
Built at a cost of USD $20 million, Olomouc's stated purpose was to produce
price-sensitive automotive-size bearings, primarily for the European automotive industry.
The technology and the majority of the production equipment were transplanted to Olomouc from
the Torrington plant in Kunsebec, Germany, about 425 miles away.
Kunsebeck's 200 employees who produced these bearings were laid off and the machinery -- at
least 275 pieces of it -- moved to Olomouc.
article: Torrington opens new bearing factory in the Czech Republic
Olomouc had a challenging start, Torrington and later Timken dealing with a wide variety of issues,
primarily quality-driven. Those problems have gradually been worked out, according to people
familiar with the facility.
Those same local sources now tell eBearing that Timken is negotiating to acquire additional
parcels of land adjacent to the existing facility.
Other local reports quote Olomouc's Mayor as saying a planned Timken expansion will soon be under
construction and ultimately add approximately 200 jobs to the 400 already there.
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Bruce Carr edited this content.
Copyrighted material; unauthorized reproduction prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2011, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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