The Timken Companyannounced plans to build a new bearing manufacturing facility in India. The plant, which will be located in Chennai in the southern state of Tamil Nadu, will produce a range of antifriction bearings for global markets.
Timken's new facility will be built in one of India's new Special Economic Zones (SEZs), which provide a range of tax benefits, including duty-free import of equipment and material used in the manufacture of goods destined for sale outside of India. The facility will be located in Chennai's Mahindra World City, and construction is expected to begin by the end of the year.
Timken工业集团总裁Mike Arnold说：“ Timken公司将继续投资于我们有机会推动盈利增长的工业产品和市场。”“我们在印度的新设施代表了我们在这一重要经济中的制造业存在的重大扩展，我们将继续寻找在我们在亚洲不断增长的基础上建立的战略机会。”
The plant is estimated to cost $25 million. Production is expected to begin during the fourth quarter of 2007. Timken, which currently employs approximately 1,000 people in India, anticipates adding approximately 300 positions to operate the Chennai plant.
Timken的印度业务目前包括Jamshedpur的轴承制造工厂以及班加罗尔的全球创新中心，该中心具有设计，开发和测试新的摩擦管理和电力传输技术的能力。自1992年以来，蒂姆肯（Timken）在印度市场（Indian Market）拥有广泛而不断增长的分销商网络，致力于为整个印度的工业和汽车售后客户提供不断扩展的摩擦管理解决方案。