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Timken India Outperforms Peers

Timken India Outperforms Peers

Timken India, a bearings maker and subsidiary of Ohio-based Timken, has demonstrated better revenue growth than its peers due to higher exports and strong parental support. The company’s revenue grew by 12.3% annually in the past four years compared with the 2.8% industry growth; and its share of exports grew in revenue to 35% in 2015 from 25% three years ago.

ball bearings

The growth momentum is likely to continue because of future opportunities. Indian Railways, for instance, plans to add higher axle freight wagons, high-speed passenger coaches, and several metros in different cities. State-owned Hindustan Aeronautics will require bearings for its light combat helicopters and advanced light helicopters, reports the Economic Times.

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