Timken Investors Backing Split Seen Reaping 29% More

Timken Investors Backing Split Seen Reaping 29% More

Timken Co. via Bloomberg

Wind energy main-shaft bearing systems are manufactured at the Timken Co. facility in Tyger River, South Carolina. The steel business, which is more volatile and faces greater competitive threats, “creates a distraction” that drags down Timken’s overall valuation, said Michael Willemse.