Timken sees FY13 Mobile Industries sales down 5%-10% Sees FY13 Process Industries sales relatively flat; Sees FY13 Aerospace and Defense sales pu 7%-12%; Sees FY13 Steel sales down 7%-12%
News For TKR From The Last 14 Days
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Timken acquires Standard Machine Timken announced the continued expansion of its industrial services capabilities with the acquisition of the Standard Machine business based in Saskatoon, Saskatchewan, Canada.
Timken holders re-elect board members, support steel business spin off The Timken Company announced that at its annual meeting shareholders re-elected all 12 members of the board of directors to new one-year terms. Shareholders also supported the non-binding shareholder proposal to spin off the company's Steel business with approximately 47% of the outstanding shares voted for the proposal and 41% of the outstanding shares voted against the proposal. Of the shares voted, approximately 53% were in favor with 47% against, the company said.