Timken Acquires Alcor Engine Company
Resource from: www.timken.com Likes:2991
May 13,2004
The Timken Company announced today that it has acquired the assets of Alcor Engine Company, Inc., and its affiliate, Advance Repair Technologies, Inc. Terms were not disclosed.
Alcor is a leading producer of direct replacement parts for gas turbine engines and components used in the aviation industry. Located in Gilbert, Arizona, Alcor manufactures and repairs a broad range of components used in turbine engine power plants. Alcor also provides specialized repair and restoration services through its proprietary technologies. It currently employs 22 aviation-trained and qualified specialists with additional growth expected.
The newly formed subsidiary is called Timken Alcor Aerospace Technologies, Inc. It will continue to operate under existing leadership at its current location as part of Timken Aerospace.
"With its outstanding engineering and manufacturing expertise, Alcor brings strategic resources to Timken that allow us to build on our heritage of innovation," said J. Ron Menning, vice president - aerospace and defense. "This strategic acquisition represents a strong growth opportunity through the significant expansion in our capabilities and product base as we move to deliver increased value to the aviation industry. The addition of the Alcor product lines expands our ability to grow beyond bearings and deliver innovative solutions through complex products, integrated sub-systems and services to aviation customers."
"Alcor's core customers will benefit from Timken resources and market presence," said Barry Stonehouse, general manager, Timken Alcor Aerospace Technologies. "Direct access to Timken friction management technology and Timken research located in Canton, Ohio, will help us strengthen product performance and expand our ability to serve the market."
Timken Aerospace, a subsidiary of The Timken Company, offers a comprehensive line of products and services, known for consistent, critical performance and backed by the most stringent quality standards in the world. Timken Aerospace products are found in aircraft engines, gearboxes, helicopter transmissions, auxiliary power units, landing wheels, airframes and instrumentation.
(www.timken.com)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
