Article: Bearing plant to locate in Randolph County. (Timken Company)

BEARING PLANT TO LOCATE IN RANDOLPH COUNTY

RALEIGH, N.C., Jan. 24 /PRNewswire/ -- The Timken Company (NYSE: TKR), an international manufacturer of highly engineered bearings and alloy steels, plans to build a $90 million facility near Asheboro, announced Senator James T. Broyhill, Secretary of the North Carolina Department of Economic and Community Development. Initial employment will be approximately 60 new jobs, with long-term plans in excess of 300 employees.

"It is with great pleasure that we welcome The Timken Company's decision to become a corporate citizen of Asheboro's business community and expand its presence in our state," said Senator ...

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