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Bangalore:
Timken, the alloy steel and bearing major yesterday opened
its second biggest research and development centre in
the world near Bangalore.
With
an investment of around $12 million, the technology centre
is one of the 10 research facilities of Timken around
the world. "This engineering centre puts our friction
management expertise close to our customers," said
James W. Griffith, president and CEO.
Timken
Engineering and Research India is a wholly owned subsidiary
of Timken India in which Timken holds 80 per cent stake;
the rest is with the public. Griffith said that Bangalore
provides excellent engineering and information technology
talent. "We are setting up this centre because of
the immense talent pool available here and not because
of any cost advantage," he added.
Burkhard Stumpf, country manager for Engineering and Research,
said that the centre has around 250 engineers and a total
capacity of 370. It carries out work in the areas of product
development, design of certain types of bearings and IT-related
services.
Timken
set up its first research centre in Bangalore in 1998.
The new centre expands those
engineering operations and provides support services to
meet the global needs of the company. The company spends
around $50 million every year on research and development.
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