The Timken Company to Close Little Rock Rail Bearing Service Plant
5 December 2000
The Timken Company to Close Little Rock Rail Bearing Service PlantCANTON, Ohio, Dec. 5 The Timken Company announced today that it will close its Rail Bearing Service (RBS) plant in Little Rock, Arkansas early next year due to changes in the marketplace. (Photo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) "Consolidation in the rail industry in North America has created intense competition for fewer customers," said Vinod Dasari, president - Rail Business. "Reduced markets for products and changes in maintenance practices in the industry have impacted our volume. This closing will continue the company's rationalization of operations and will position us to better meet market conditions and customer needs." Timken's global rail business is a leader in providing original equipment and replacement bearings as well as bearing refurbishment for passenger and freight systems around the world. The Little Rock plant employs 14 people. The plant is expected to close by the end of January.