logo
  

Timken: Organic Sales Growth For Rollon Products To Outperform Avg. Company Growth In 2021

The Timken Company (TKR) said the company is experiencing strong growth in its linear motion product line, with 2021 sales projected to increase by more than 20 percent from 2020. Timken expects that secular trends and targeted initiatives will continue to drive strong organic sales growth in linear motion products, with an estimated double-digit compound annual growth rate through 2025.

"The acquisition of Rollon enabled our successful entry into the linear motion market sector and its unique offering has led to big wins - for Timken and the industry partners we serve through these products," said Hans Landin, group vice president.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Retail giant Walmart is set to expand its drone delivery network to 34 sites across six states in the U.S. by the end the year through its partnership with drone delivery company DroneUp. The deliveries will reach about 4 million U.S. households in Arizona, Arkansas, Florida, Texas, Utah and Virginia. Blue Moose of Boulder LLC recalled one lot of 7 oz units of its "Spinach Artichoke Parmesan Dip" for potentially containing undeclared tree nut (Cashew) and soy allergens, the U.S. Food and Drug Administration or FDA said in a statement. The recall was initiated due to mislabeling issue where a small run Spinach Artichoke Cashew Dip was labeled as Spinach Artichoke Parmesan Dip. Samsung Electronics announced that Google Assistant will be available for Galaxy Watch4 starting Tuesday. The South Korean electronics major has entered into partnership with Google to build a unified Wear OS platform for a seamless connection across Android devices. Starting Tuesday, Google Assistant will be available in 10 markets.
RELATED NEWS
Follow RTT