Timken Named One of the World

Timken is contributing to a sustainable industry by utilising sustainable processes to make sustainable products.

Timken, a global leader in engineered bearings and industrial transmission products, has been named one of the “World’s Most Innovative Companies” for 2024 by Fast Company, a leading global business magazine. In addition to the top 50 companies overall, the magazine also recognised 606 organisations from 58 industries and regions, with Timken ranked in the manufacturing category.

Throughout our company’s history, we’ve been building complex engineering solutions for applications across a wide range of industries-whether it’s the aerospace and rail industries or industries like space exploration and robotics.125 For years, Timken has been known for its customer-focused industrial innovation. Today, our engineering expertise is more important than ever. We are proud to share this award with other innovative companies, and this honour will give us great encouragement as we remain focused on providing sustainable engineering solutions for future generations.

Richard G. Kyle

President and Chief Executive Officer, The Timken Company

Fast Company editors and writers select companies that apply for inclusion on the annual list based on four criteria: innovation, impact, timeliness and relevance. Timken and other honoured companies are featured in the March/April print edition of Fast Company magazine and on its website, www.fastcompany.com.

The magazine recognised Timken’s innovations in the renewable energy sector, which is Timken’s largest end market. Specifically, Timken showed Fast Company magazine how it worked with customers to develop an innovative double-bearing solution for the world’s largest wind turbine spindle. Timken also developed a new alloy bearing steel made from 100 per cent recycled materials and innovated a heat treatment process where electromagnetic induction heating replaces conventional heat treatment furnaces for large components.

Ultimately, Timken is contributing to a sustainable industry by utilising sustainable processes to make sustainable products. The first turbines with this comprehensive solution are already in service in 2023.

Members of Timken’s technology, research and development, application engineering and product management teams were involved in the development of the innovations that led to this award. Timken is a trusted partner and market leader in application engineering, serving a wide range of industries and customers worldwide.

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