Timken Torrington is a company with a long and storied history in the field of bearings and mechanical power transmission. Founded in 1878 by Henry Timken, the company has grown from its humble beginnings as a small machine shop in St. Louis, Missouri, to a global leader in the design and manufacture of bearings and mechanical power transmission products.
One of the key factors in the success of Timken Torrington has been the company's commitment to innovation and continuous improvement. From the early days of the company, Henry Timken recognized the importance of developing new and improved products to meet the changing needs of his customers. This focus on innovation has continued throughout the company's history, and has contributed to its position as a leader in the industry.
One of the most significant innovations developed by Timken Torrington was the tapered roller bearing. This innovative design allowed for better load-carrying capacity and improved performance in a variety of applications, and has become a staple in the automotive and industrial sectors. In addition to the tapered roller bearing, Timken Torrington has also developed a number of other innovative products, including ball bearings, cylindrical roller bearings, and other mechanical power transmission products.
In addition to its focus on innovation, Timken Torrington has also made a commitment to sustainability and social responsibility. The company recognizes the impact that its products and operations have on the environment, and has taken a number of steps to reduce its environmental footprint. This includes implementing a number of energy-efficient technologies and processes in its manufacturing facilities, as well as investing in renewable energy sources.
Overall, Timken Torrington is a company that has made a significant impact in the field of bearings and mechanical power transmission. Its commitment to innovation and sustainability has helped it to become a leader in the industry, and it continues to be a driving force in the development of new and improved products to meet the needs of its customers around the world.
Timken Acquires The Torrington Company
Retrieved 23 June 2022. Mackovjak is a financial analyst Premium Generally Accepted Accounting Principles Balance sheet Investment Management Communication: Principles and Practice AnalysisCase: Weymouth Steel CorporationChapter 4: Point of ViewCase: Smith Financial CorporationChapter 5: Message: Content and ArgumentCase: Cuttyhunk Bank A Chapter 6: StructureCase: McGregors Ltd. Growth was the dominant theme during the decade, engendering a more well-rounded and financially sound company. Alcor manufactures and repairs a broad range of components used in turbine engine power plants. . By 1868, two years after beginning business, Excelsior Needle had produced enough sewing needles to begin selling them to sewing machine manufacturers, the largest of which was the Singer Company. The solid foundation Excelsior Needle had established during its first decade—by helping to create a new American industry—provided a stable springboard for growth that carried the company through the 1880s and toward its first defining decade.
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. Federal tax laws, however, stipulated that the exchange would result in the payment of capital gains tax, something the directors of the company wished to avoid, so for the next 19 years there were two Torringtons—The Torrington Company of Maine, which acted as a holding company for the second company, and The Torrington Company of Connecticut. World War I brought Torrington into a new business line when the government requested that the well-known needle manufacturing concern begin producing surgical needles, a complex product to manufacture that Torrington had little interest and no experience in making. By the end of the 1980s, however, Torrington's situation had once again soured, as U. By the 1930s, the Great Depression had created a need for Torrington to search for new business, the pursuit of which led to the most defining moment in the company's history. FOLLOWING DEAL DATE TARGET DEAL TYPE VALUE 2004-05-11 Alcor Engine Gilbert, Arizona, United States Alcor is a producer of direct replacement parts for gas turbine engines and components used in the aviation industry.
Timken Company
Authorized distributors of Timken ® products are members of an elite team. The names of all group members should be specified at the top of the report. New corporate headquarters were completed in 1970, marking the beginning of a decade that would see Torrington's financial performance sputter in the face of recessive economic conditions. Excelsior Needle continued to diversify, forming a subsidiary named Torrington Swaging Company, to manufacture spokes for bicycle wheels. . The performance of Timken tapered roller bearings in Timken entered the Great Depression in a strong financial position and its performance placed it in the ranks of the most solid, well-managed industrial firms of the 1930s.
Torrington Company
. Harvard Business School Press, 1998, p. . Hopson and Brooks, who reacted to their discovery with a decided entrepreneurial bent, had settled by 1866 in Wolcottville, Connecticut, by which time they had determined that the marketability of their invention was not the machine itself but the products it could manufacture: sewing machine needle blanks. The epiphany that forever changed Torrington's future and the answer to the company's need for new business had roots stretching back 20 years earlier, back to 1912, when Torrington had acquired a small ball bearing business through an affiliation with an automobile ignition coil and spark plug manufacturer. Harvard Business School Press, 1998, p.
Please e-mail me an electronic copy of the report before the deadline. . . . . . The business had approximately 3,400 associates and manufactured highly engineered needle roller bearings, including an extensive range of radial and thrust needle roller bearings, as well as bearing assemblies and loose needles, for automotive and industrial applications.
