Timken receives Goldwind's $26 million wind power bearing order

Timken Company (NYSE: TKR) has acquired an order worth US$26 million from Xinjiang Goldwind Technology Co., Ltd. (hereinafter referred to as “Goldwind Technology”), one of the world's top five wind power equipment manufacturers. Bearing products and services for wind turbines.

In 2009, Goldwind added 2,722.25 megawatts of new orders, accounting for 19.7% of the new installed capacity in the domestic market. According to the contract, Timken's products will provide bearing product support for Goldwind's new 1500 MW of new wind power installed capacity; and the scope of the extensive business cooperation covered by the contract further fulfills Timken's The long-term development commitment in the field of wind energy technology will also strongly support the business development of Goldwind in the field of wind power. According to the contractual requirements of the two parties, Timken will provide engineering support, advanced bearing products (including Timken® UltraWind tapered roller bearings), and condition monitoring systems and services to Goldwind, which are mainly used in Goldwind's current 1.5. The MW and 2.5 MW wind turbine platforms will also cooperate on the development of future models.

The cooperation between the two parties has strengthened Timken's leading position in the wind power bearing market. As a customer-oriented supplier, Timken offers full lifecycle solutions for megawatt turbines including bearings, gearbox systems, sealing products, lubrication products, online condition monitoring systems and technical support services. Program.

“This cooperation will enable two companies in the leading position in green energy technology research and development to synergize,” said Mr. Feng Shilong, President of Timken China. “Combined with Timken’s professional industry experience accumulated over the past century. With the innovative advantages of Goldwind in the field of large wind turbines, we are ready to further serve the Chinese market for the development of renewable energy. At the same time, we will accelerate the global development of wind power technology."

Christopher Coughlin, President of Timken's Processing Equipment Industry Division, also said: "This opportunity has helped Goldwind strengthen its leading position in the wind energy sector and demonstrates the strengths and strengths of our company: sustainable for large wind turbines. Engineering technology system, which not only includes a series of patented materials, but also a wide range of power transmission products and services that can effectively extend the life of the equipment."

Coughlin also said that the two sides have reached an agreement on further project cooperation, including the use of Timken's advanced engineering design capabilities to shorten the development cycle of new wind turbine equipment, while using Timken's "full life cycle" service. The solution is to improve the sustainable operation performance and uptime of Goldwind's project products around the world. “The Timken Company has the wind turbine bearing manufacturing and service capabilities on three continents. I believe this is in line with the global development of Goldwind Technology. The goals coincide and will help."

Mr. Wu Gang, Chairman and CEO of Xinjiang Goldwind Technology Co., Ltd. said: “In the global wind turbine manufacturing industry, Goldwind has always maintained a good development trend and leading position. After the prototype test phase last year, Timken The company has won this cooperation opportunity. We are also very willing to cooperate with excellent component suppliers such as Timken to jointly promote the rapid development of the wind energy industry in China and even overseas markets."

Timken provides comprehensive power transmission solutions to the global wind power market, including: engineering design, R&D and test support; high quality alloy steel; gearbox components and systems; tapered roller bearings, cylindrical roller bearings, Spherical roller bearings; sealing and lubrication products; online condition monitoring systems and global wind farm services and technical support.

In order to better serve its customers, Timken has recently started to produce super-large wind power bearing products in Xiangtan, Hunan, and has also installed equipment at the factories in Asheboro, North Carolina, and the Tiger River, South Carolina. Update and plant expansion. In addition, Timken manufactures and supplies wind energy bearing products in its factories in Wuxi, China, Chennai, India and Ploiesti, Romania. At the same time, Timken's steel mill in Canton, Ohio, USA, also produces Timken® clean steel products for not only its own bearing products, but also a wide range of steel components for many wind energy customers.