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March 24, 2014
14:33 EDTTKRTimken signs JV agreement with United Wagon Company
The Timken Company has entered into an agreement with United Wagon Company, a leader in building, leasing, engineering and servicing freight cars in Russia, to establish a joint venture to manufacture Timken AP-2 rail bearings in Russia. The JV will advance the safety, reliability and efficiency of the local rail industry, equipping customers' freight cars with premium Timken bearings. The JV is contingent upon various regulatory approvals and other commercial and customary conditions. As part of the agreement, Timken and UWC will establish dedicated manufacturing capacity, with construction expected to start within the next several months. This JV expands upon an established relationship between the two companies, which was formalized in 2013 with a strategic partnership agreement covering technical and design support and an initial supply of Timken AP-2 bearings to UWC.
News For TKR From The Last 14 Days
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January 30, 2015
08:20 EDTTKRTimken 2015 guidance feels conservative, says Stifel
Stifel believes that Timken reported solid results, and the firm thinks that the company's share repurchases and potential acquisitions could enable it to surpass its 2015 guidance. The firm is upbeat on the stock and keeps a Buy rating.
January 29, 2015
07:30 EDTTKRTimken sees FY15 adjusted EPS $2.65-$2.75, consensus $3.11
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07:29 EDTTKRTimken reports Q4 Mobile Industries sales down 7% to $389.5M
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07:29 EDTTKRTimken views 2015 markets 'more cautiously; than 2014
New business wins combined with modest market growth are expected to result in approximately 4 percent organic growth, but that will largely be offset by the impact of currency.
07:28 EDTTKRTimken reports Q4 adjusted EPS 65c, consensus 61c
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January 28, 2015
17:23 EDTTKRTimken now operates under two segments
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