The Timken Company Case 46

GENEVA BUSINESS SCHOOL Master of Science in Finance closing Assignment June 2011 The Timken Company Student : Nguyen Hoang Ngoc Anh Professor: Dr. John Heptonstall Subject: system and Financial June 2011 I. The perambulator industry Bearings industry of various sizes and specifications found their way into everything from property shuttles to household appliances, automobiles, dentist drills, tumbler pigeon skates, and computer disk drives. The bearing industry was facing a variety of complex problems. Policies favoring the nerve industry were not always in the best sake of the bearing industry, which, as manufacturers of secondary steel products, was in the position of the production chain. Because bearings were essential components of military and civilian machinery and equipment, the federal organization had historically been a major customer. By following the demeanor Cycle we have the stages of the industry in U.S which Timken operates: [pic] Start-up : Before 1990 , with increase competition from Europe and Japan, the industry started a new separate . Fast festering : between the stage 1990 to 1998 , Shipments of ball and roller bearings grew steadily and peaking in 1998 at more than $5.8 billion .

1999 and 2000, the think of of shipments remained relatively strong Moderate growth: in 2001 ,the industry go about economic recession, decreased automotive demand, and the terrorist attacks on September 11, 2001. the determine of shipments dropped dramatically , sinking to $5.3 billion, the lowest since 1995. There had been moderate growth in the sector in 2002, led by automotive production, which had risen 5% owing to sales incentives, including 0% pay . Plateau and Decline : the bearings-industry demand was expected to soften as automotive demand had begun to decrease in late 2002 and was in the main expected to remain flat for 2003. Thus, the bearings industry appeared to be in a cyclical trough from which... If you want to get a full essay, order it on our website: Orderessay

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