Award recognizes Timken's commitment to improving the lives of individuals and communities, benefitting the planet, and strengthening business through corporate social responsibility.
"We had an excellent start to the year, reporting record revenue and earnings with strong margin performance," said Richard G. Kyle, Timken president and chief executive officer. "Our performance demonstrates the resiliency of the company and builds on our track record of delivering strong financial results through industrial cycles and dynamic market conditions."
The Timken Company has reached an agreement to acquire Spinea, a European technology leader and manufacturer of highly engineered cycloidal reduction gears and actuators serving the high-precision automation and robotics sector.
While there is, in theory, capital to fund the transition to green energy, venture capitalists are focusing on cryptocurrency and consumer services start-ups. Breakthrough Energy Catalyst is collaborating with European Commission and European Investment Bank to fill the funding gap and de-risk emerging cleantech investments.
E-bike expert and author of The Electric Bike Manifesto: How Electric Bicycles Can Save Our World (If We Let Them) Micah Toll reviews the JackRabbit 2.0 micro e-bike.