The Timken Company Awarded Automotive Industries Quest for Excellence Award
CANTON, Ohio, July 30 /PRNewswire/ -- The Timken Company (NYSE: TKR) has been
named as recipient of Automotive Industries' first annual Quest for
Excellence award. Timken was the top-ranked company in the bearing
category receiving the highest overall average. Another 67 companies
were recognized in 19 different categories.
"The Quest for Excellence award is a great honor," said James
W. Griffith, group vice president - bearings - North American automotive,
Asia Pacific and Latin America at The Timken Company. "It is a distinction
where our customers' recognize our efforts to bring them outstanding
value across the spectrum of products and services we offer."
Automotive Industries, with a circulation of 104,000, is published
monthly by Cahners Business Information. The magazine's editorial
focuses on the domestic and international original equipment vehicle
industry.
The awards were a result of the study of 1,800 Automotive Industries
readers involved in design, engineering, manufacturing, purchasing
and management who rated the suppliers they use on a regular basis.
Each participant ranked supplier companies in five areas: quality
-- consistently meets or exceeds customer's standards; price --
meets or exceeds the target pricing requirements; innovation --
suggests innovative concepts and solutions; delivery -- provides
consistent, dependable delivery of materials, and service -- responds
quickly and effectively to customer requests. If a supplier was
not mentioned by enough Automotive Industries readers, then they
were not eligible for the award regardless of the score attained.
Timken will receive its award at a special recognition dinner
hosted by Automotive Industries next month in Dearborn, Michigan.
The Timken Company (http://www.timken.com;
NYSE: tkr) is a leading international manufacturer of highly engineered
bearings, alloy and specialty steels and components, as well as a provider of
related products and services. With operations in 24 countries, the company
employs about 18,700 people worldwide and recorded 2000 sales of U.S. $2.6
billion.