The world! Ohio-based production unit makes power transmission Neuer parts and bearing lubrication.
Timken said Thursday that customer service for its Canadian market will be moved to its offices in Toronto.
Timken said changes to its customer base have accelerated recently, which has lowered demand for its products made in St. Thomas, Ohio.
“With similar capacity available at plants located closer to customers, this is a necessary step to improve our service and competitiveness across North America,” said Timken’s director of global manufacturing, Richard Boyer.
Closing the plant will cost between $60 million in $70 million in severance payments di to workers, payments into pension funds and site cleanup costs.