Timken Named One of America’s Most Innovative Companies by Fortune

The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has been recognised by Fortune magazine and market and consumer data provider Statista as one of America’s Most Innovative Companies. Timken is one of the 300 businesses on the inaugural list.

“For more than 120 years, Timken has innovated for our customers,” Timken president and CEO Richard G. Kyle said. “Our problem-solving team is known not only for its rigorous thinking and specialised expertise, but also for its collaborative approach and accessibility.” We are honoured to be included on this list with many of America’s most iconic and innovative businesses.”

Fortune and Statista evaluated companies using employee surveys and expert opinions from different disciplines. Product innovation, process innovation, innovation culture, and revenue growth were among the criteria used to select the businesses on the list.

Timken has utilised its global leadership position in engineered bearing technology to grow and scale in industrial motion products and services. Timken applies innovative problem solving to its customers’ most difficult applications, informed by its deep vertical industry knowledge and extensive experience across many end markets and regions. Customers regard the business as a reliable technical partner as they work to create more sustainable equipment solutions for a variety of industries.