February 26, 2019
For the ninth time, the Timken Company (NYSE: TKR; www.timken.com) a world leader in engineered bearings and power transmission products, has been recognized as one of the World's Most Ethical Companies. Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, unveiled the 2019 list today.
"We are proud to earn this recognition once again and even more proud of our more than 17,000 associates around the world who demonstrate their commitment to ethics and integrity," said Richard G. Kyle, Timken president and chief executive officer. "We are focused on making the world a better place through our products, services and actions, and doing the right thing every day, everywhere we do business."
This year's list recognizes 128 honorees from 21 countries and 50 industries. Timken is one of only four companies honored in the industrial manufacturing category.
According to Ethisphere, Timken and this year's other honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
"To be recognized nine times on our list puts Timken in rare company. Timken's associates embody the company's commitment to operating with honesty, fairness, respect and responsibility all around the world," said Timothy Erblich, Ethisphere CEO. "It's clear that Timken's ethics and integrity stand out to customers, investors and other stakeholders, and I want congratulate everyone at Timken for earning this recognition."
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $3.6 billion in sales in 2018 and employs more than 17,000 people globally, operating from 35 countries.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World's Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.