“We know that global citizenship touches every aspect of our business and underscores the policies and practices for which we hold ourselves accountable,” said Chairman Ward J. “Tim” Timken, Jr. “By continuing to grow our enterprise in ways that build sustainable value, we help to fulfill our responsibility to our associates, customers, and all business interests, including our communities and the environment.”

Published online on the company’s website on April 22nd to commemorate Earth Day, the report reflects Timken’s strategies and goals, while also highlighting achievements during 2008 in a number of areas, including:

  • Recycling of 1.7 million tons of scrap metal, or the equivalent of 1.35 million automobiles;
  • Production of “green” products, such as fuel-efficient bearings, which have the potential to lower U.S. oil consumption by 14 million barrels a year;
  • Recycling of 21,000 tons of electric furnace dust to keep it from going to landfills;
  • Increased capacity and visibility of energy products, including new wind power capacity;
  • 100 percent sign-off on ethics policy by 8,500 global salaried associates;
  • Significant reduction in lost-time accidents over the past five years;
  • Encouraged associate wellness through Active For Life program, in which 2,000 associates at 18 locations actively participated;
  • Support of local communities through volunteer activities and global corporate giving to nonprofit organizations.

The 2008 Timken Global Citizenship Report is available for download at www.timken.com

Upcoming Events

August 9 - August 11 2022

MaximoWorld 2022

View all Events
80% of Reliabilityweb.com newsletter subscribers report finding something used to improve their jobs on a regular basis.
Subscribers get exclusive content. Just released...MRO Best Practices Special Report - a $399 value!
“Steel-ing” Reliability in Alabama

A joint venture between two of the world’s largest steel companies inspired innovative approaches to maintenance reliability that incorporate the tools, technology and techniques of today. This article takes you on their journey.

Three Things You Need to Know About Capital Project Prioritization

“Why do you think these two projects rank so much higher in this method than the first method?” the facilitator asked the director of reliability.

What Is Industrial Maintenance as a Service?

Industrial maintenance as a service (#imaas) transfers the digital and/or manual management of maintenance and industrial operations from machine users to machine manufacturers (OEMs), while improving it considerably.

Three Things You Need to Know About Criticality Analysis

When it comes to criticality analysis, there are three key factors must be emphasized.

Turning the Oil Tanker

This article highlights the hidden trap of performance management systems.

Optimizing Value From Physical Assets

There are ever-increasing opportunities to create new and sustainable value in asset-intensive organizations through enhanced use of technology.

Conducting Asset Criticality Assessment for Better Maintenance Strategy and Techniques

Conducting an asset criticality assessment (ACA) is the first step in maintaining the assets properly. This article addresses the best maintenance strategy for assets by using ACA techniques.

Harmonizing PMs

Maintenance reliability is, of course, an essential part of any successful business that wants to remain successful. It includes the three PMs: predictive, preventive and proactive maintenance.

How an Edge IoT Platform Increases Efficiency, Availability and Productivity

Within four years, more than 30 per cent of businesses and organizations will include edge computing in their cloud deployments to address bandwidth bottlenecks, reduce latency, and process data for decision support in real-time.

MaximoWorld 2022

The world's largest conference for IBM Maximo users, IBM Executives, IBM Maximo Partners and Services with Uptime Elements Reliability Framework and Asset Management System is being held Aug 8-11, 2022