Timken wins US$26 million wind energy contract with China’s Goldwind
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US Canton Ohio-based Timken Company has received a contract worth US$26 million to supply wind turbine products and services to China's Xinjiang Goldwind Science & Technology Company, one of the world's top five wind power equipment manufacturers.
In 2009, Goldwind received new wind power capacity orders for about 2,722 megawatts, accounting for approximately 19.7 percent of the wind generation added in China last year. Goldwind's contract with Timken will support more than 1,500 megawatts of new wind power capacity, with a broad scope that reflects Timken's long-term commitment to develop wind energy technology.
The companies also will collaborate on future wind-turbine developments.
Wu Gang, Chairman and CEO of Goldwind said, "We look forward to working with Timken to expand the rapid development of the wind energy industry in China and abroad."
Timken supplies a broad range of wind-power solutions for the global market including: engineering design, development and testing support; high quality alloy steels; gearbox components and systems; tapered, cylindrical, and spherical roller bearings; seals and lubrication products; online condition-monitoring; and global field services and technical support.
The company recently began producing ultra-large bore bearings for wind turbines in Xiangtan, Hunan Province, and retooled and expanded its US facilities in Asheboro, North Carolina and Tyger River, South Carolina to serve customers in the industry. This is in addition to Timken's existing wind-bearing production in Wuxi, China; Chennai, India; and Ploiesti, Romania. The company also provides clean Timken steel from its facilities in Canton, Ohio, for its own production and for various wind-energy components for other customers.
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