PR Newswire
NORTH CANTON, Ohio, Feb. 8, 2018
NORTH CANTON, Ohio, Feb. 8, 2018 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global leader in bearings and mechanical power transmission products, awarded college scholarships to 17 children of Timken associates in 13 locations around the world today. These scholarships—valued at up to $540,000 over a four-year period—are funded by The Timken Company Charitable and Educational Fund, Inc. Since the program's inception in 1958, it has awarded more than $23 million in scholarships to deserving students.
Chairman John M. Timken, Jr. hosted the recognition event for students and their families at The Timken Company World Headquarters in North Canton, Ohio. Local scholarship finalists attended the event in person, while other finalists and their parents joined via global webcast. "This year marks the 60th anniversary of our scholarship tradition," said Timken. "Throughout the years, our alumni have used their scholarships as an opportunity to make a positive impact on the world through their careers, and I am confident this year's class will go on to do the same."
The $140,000 Henry Timken Scholar Award recognizes the top-ranked applicant. This year's Henry Timken Scholar is Nicholas LaPlant, the son of Scott LaPlant, manager of manufacturing technology at the company's bearing plant in Asheboro, N.C. Nicholas, a senior at Randolph Early College High School, will study biomedical engineering at Duke University. Nicholas aspires to someday be a physician.
The $100,000 Jack Timken Scholar Award was presented to Smriti Suresh, the daughter of Suresh Kumar, head of mobile industries in the company's technology center in Bangalore, India. After graduating from the Indian Institute of Technology in Bombay, Smriti plans to work for a multi-national company in the field of data anaylsis.
Five students received $40,000 scholarships:
In addition, ten individuals received $10,000 scholarships:
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) engineers, manufactures and markets bearings, gear drives, belts, chain, couplings, lubrication systems and related products, and offers a spectrum of powertrain rebuild and repair services. The leading authority on tapered roller bearings, Timken today applies its deep knowledge of metallurgy, tribology and mechanical power transmission across a variety of bearings and related systems to improve reliability and efficiency of machinery and equipment all around the world. The company's growing product and services portfolio features many strong industrial brands including Timken®, Fafnir®, Philadelphia Gear®, Drives®, Lovejoy® and Groeneveld®. Known for its quality products and collaborative technical sales model, Timken posted $3.0 billion in sales in 2017. With more than 15,000 employees operating from 33 countries, Timken makes the world more productive and keeps industry in motion.
Media Contact: | Investor Relations: |
Telephone: 234.262.3514 | Jason Hershiser |
Telephone: 234.262.7101 | |
|
View original content with multimedia:http://www.prnewswire.com/news-releases/timken-awards-17-scholarships-to-children-of-employees-around-the-world-300595936.html
SOURCE The Timken Company
Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.