Timken India will produce bearings for the power industry

Timken India Manufacturing Co., Ltd. is a wholly-owned subsidiary of American Timken Corporation, which produces American machinery bearings and related components. The Timken Company plans to invest approximately Rs 200 crore in the factory in Mahindra World City near Chennai in India to expand the plant's sales capacity.

In the future, the company will also focus on markets such as wind power, cement manufacturing, power transmission and reconstruction (PTR).

Timken chairman Ward JTimken said that the company currently supplies 8 to 12-inch bearings in Chennai, India to meet the needs of power infrastructure and construction equipment such as excavators. The second-phase expansion of the facility is an advanced stage, which mainly produces zero- to eight-inch automotive bearings and is expected to be commercially produced in the first three months of 2012.

Timken said: "In the past few years, we will focus on strengthening our business in China. India is also in our expansion plan. With the growth of India's economy, we hope the expansion business implemented in China and India will be flat."

Timken also said that the company will carry out the third phase of expansion at the Chennai plant. The company will establish a related plant to produce 12 to 18 inch bearings for use in power transmission equipment.

Ajay Das, the Timken Indian Manufacturing Company and General Manager of Timken India, said that the company is preparing to invest INR 8 billion to INR 1 billion for the third phase of the project, and the amount of investment is equivalent to the amount of production expansion for the second phase.

He stated that "in the near future, we will implement a strong expansion plan in India and will invest 2 billion rupees to increase the sales capacity of Chennai."

AjayDas stated that Timken also plans to invest in the Jamshedpur plant, a listed company of Timken India. Timken had previously invested $1 million in the plant and the plant is expected to receive a substantial amount of investment in the future. However, he declined to comment on the future development plans of Jamshedpur and Timken India.

Timken said that the head office will also invest in Indonesia and some Southeast Asian countries. “We are very happy to invest in our engineering center in Bangalore. It is a wholly-owned R&D company of Timken India Engineering R&D.”