Timken To Invest $27 Million in N.C. Bearing Plant

Posted on November 4, 2005

The Timken Co. will invest approximately $27 million in its Asheboro bearing plant in Randleman, N.C., enabling expanded manufacturing of tapered roller bearings, principally for industrial applications. Timken plans to add 50 new jobs and increase the size of the Asheboro-area plant by over 35% as part of the project.

Timken's facility near Asheboro, which opened in 1994, currently has 150,000 sq. ft. of space and employs approximately 230 people. The expansion project will begin in early 2006 and is anticipated to take approximately 18 months to complete. Timken also has manufacturing facilities in Columbus, Lincolnton and Rutherfordton, N.C.