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Timken to invest $60M in talent and tools

Timken is the world's leading manufacturer of tapered roller bearings. In recent years, Timken has added spherical, cylindrical and housed bearings as well as transmissions, chain, augers, lubrication systems, gearboxes and a host of power system rebuild and repair services, mostly through acquisitions. they announced that it has fundamentally redesigned its engineering, product management and business systems teams, bringing together talent and tools in a new way to drive development of its product lines and advance its technical capabilities to better meet customer needs.  is committing $60 million to its DeltaX Initiative, a multi-year investment designed to dramatically improve the company's concept-to-commercialization efforts. "Through DeltaX, we're integrating Timken talent, technology and tools in a way that will allow us to be even more agile and competitive," said Kyle.  "From design to delivery, a more product-focused infrastructure, supported with new customer-facing systems, will replace our traditional functional structure. We believe this new, more collaborative design, the first step in our initiative, will allow us to execute even better on our strategy to grow, delivering to the marketplace much faster and more efficiently those products that customers value."
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