As a follow-up to a story reported by Industrial Heating in September 2013, The Timken Company announced that TimkenSteel Corp., its newly formed subsidiary that will hold the company's steel business, filed an initial Form 10 Registration Statement with the U. S. Securities and Exchange Commission (SEC). The filing relates to the previously announced plan to pursue a spinoff of The Timken Company's steel business into an independent publicly traded company. Upon completion of the spinoff, TimkenSteel will be North America's only focused special-bar-quality steelmaker.
Timken Files Registration Statement for Newly Formed Subsidiary
February 19, 2014