Timken, the global leader in bearing and power transmission products, recently released a corporate social responsibility report to share its achievements in promoting sustainable development in the world.
Richard G. Kyle, President and CEO of Timken, said: "this report reflects who we are and how we operate. We invest in our communities, we care about the environment, we respect others. We are very proud of these right ways of doing things. ".
"We are committed to being open and accountable to all stakeholders, including our employees, our customers, our investors and our communities." Kyle added, "this report will serve as a benchmark for our future progress and a guide to corporate social responsibility.".
This is Timken's first report based on generally accepted practices and standards to measure the company's performance. The reference basis includes the global standard GRI for sustainable development. This report also shows the important role of Timken's employees and management in actively fulfilling corporate social responsibility, as well as our commitment to sustainable development and community.
Timken develops and markets high-quality bearings and power transmission products, and continues to expand its product line. With more than a century of innovation and knowledge accumulation, they continue to improve the reliability and efficiency of global mechanical equipment and promote world progress. Timken's sales reached US $3.6 billion in 2018, with more than 18000 employees in 35 countries and regions around the world.
Headquartered in Shanghai, Timken Greater China provides bearings and power transmission products for energy, aviation, railway, metallurgy, mining, cement and machine tool industries. In Greater China, the company has more than 3600 employees, offices in 12 major cities, 5 bearing manufacturing bases, 4 power transmission product manufacturing bases, 1 training center and multiple logistics, engineering technology and industrial service centers. Timken is committed to creating value and actively participating in the construction of its community and its sustainable development to create a better world.
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