The Timken Co. has announced the consummation of a joint venture, Advanced Green Components LLC, to supply forged and machined rings for bearing manufacture with two Japan-based companies, Sanyo Special Steel Co. Ltd and Showa Seiko Co. Ltd. Operating as an independent manufacturing business, the venture acquired the assets of Timken’s Winchester, Kentucky, plant. The facility, which opened in 1997, employs approximately 50 people and focuses on producing hot forged and machined rings. The joint venture lessens asset intensity by adding to capacity without investing in a new physical plant.
