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The Timken Company has announced a new $70 million investment to further expand manufacturing capabilities to support increased demand for its wind energy solutions.
This adds to its previously announced $75 million commitment to strengthen both wind and solar capabilities, bringing the total investment to $145 million since 2020 to expand the company's renewable energy capacity in Europe and Asia. The additional $70 million investment includes automated, manufacturing equipment and will result in increased production capacity of engineered bearings for wind turbines.
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