Timken's Rockford Plant to Close
Canton, OH— As part of its continuing strategy
to focus its plants to be globally competitive in the product that each
manufactures and integrate its acquisition of Torrington, The Timken Company
announced it will close the Rockford Plant in Rockford, Illinois, within
the next three to five months. The plant employs 32 people.
“Making the decision to close the Rockford plant
has been difficult, but it is one that we can’t avoid,” said
Michael J. Connors, director of manufacturing - industrial. “As
a result of weakening industrial markets and the increasing availability
of low-cost imports, the plant has been losing money for some time.”
The Rockford Plant, which makes radial ball bearings
for general industrial and consumer durable applications, had suffered
from low-priced imports that have entered the country in increasing quantities.
Despite the closing of the Rockford facility, Timken will continue to
ensure an uninterrupted supply of products to its customers.
Earlier this year, The Timken Company acquired the former
Torrington Company, which included the Rockford Plant. The plant was opened