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The Timken Company yesterday announced that it had 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 top five wind power equipment manufacturers in the world.
According to Goldwind, in 2009 it received new wind power capacity orders for about 2,722 megawatts (MW), accounting for approximately 19.7 percent of the wind generation added in China last year.
The company's said that Goldwind's contract with Timken will support more than 1,500 MW of new wind power capacity. It also helps Timken further itself as a manufacturer for the wind industry. The company will be providing its advanced bearings that include its new UltraWind tapered roller bearings and condition-monitoring systems. These bearings will go into Goldwind's 1.5-MW and 2.5-MW platforms.
Timken recently began producing ultra-large bore bearings for wind turbines in Xiangtan, Hunan Province, and retooled and expanded its U.S. facilities in Asheboro, N.C. and Tyger River, S.C. to provide parts to the wind industry. This is in addition to Timken's existing wind-bearing production in Wuxi, China; Chennai, India; and Ploiesti, Romania.
The companies said that they will collaborate on future wind-turbine developments.
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July 30, 2010
Absolutely funny,..."Mr Anonymous" (above) has hit the nail on the head. Even while I was reading the article,...I was thinking exactly the same thing.
$20 million,...that's a drop in the bucket to study our advanced technologies. Literally an investment in R&D for them. We need incentives to get men/women to study manufacturing again, in order to get our country back on it's collective feet. We have too many PhD's that can't "chew bubble gum and drive a car at the same time". We have more PhD's now than McDonald's has burgers. Now,..even many PhD's are out of work. Why? Because there are not "hard working average jobs" for people with honest labor skills to fuel the Macro economy. We need brains,...but the bicep and quadricep built this country. Most of us learned all we needed to know by the end of the 10th grade to handle 90% of all jobs that we see around us. |
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July 30, 2010
Yup, I'll take that bet. I'll put down five bucks that within 2 weeks of those parts arriving in China, we'll see knock-offs at the flea market booths in Taipai.
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