P.J. ASHTON NAMED CHAIRMAN OF ANTI-FRICTION BEARING MANUFACTURERS ASSOCIATION
P.J. ASHTON NAMED CHAIRMAN OF
ANTI-FRICTION BEARING MANUFACTURERS ASSOCIATION
CANTON, Ohio, Nov. 18 /PRNewswire/ -- Peter J. Ashton was elected chairman of The Anti-Friction Bearing Manufacturers Association (AFBMA) by the organization's board of directors at its 58th annual meeting in Tucson, Ariz., on Nov. 16.
The AFBMA, of which The Timken Company (NYSE: TKR) is a charter member, is composed of approximately 40 manufacturers of anti-friction bearings and bearing components. The association was formed in 1933 to represent the interests of U.S.-based bearing manufacturers.
"I am pleased to have this opportunity to lead the association at a time of fundamental change," said Ashton. "In recent years, strong global competition, heavy imports and increasing government regulation have caused a significant restructuring of the bearing industry. Never has there been a greater need for the U.S. bearing industry to be world competitive and to make the necessary investments in new technology.
"The AFBMA plays the important role of liaison with government officials and manufacturing leaders," Ashton said. "Government regulation, particularly regarding trade laws, can affect the ability of this industry to be competitive. The ability, or for that matter the willingness, of the industry to invest in the future is of crucial importance.
"The bearing industry is a critical technology and a cornerstone of this nation's industrial base," said Ashton. "During my term as chairman, we will continue to impress on our government leaders exactly how important a healthy bearing industry is to our nation."
Ashton was named to the AFBMA board of directors in 1987 and served as vice chairman for the organization from 1989-91.
He started his career with The Timken Company at British Timken in 1952 and also held positions at the company's Duston and Daventry Bearing Plants in the United Kingdom. In 1974, Ashton was named director-president of Timken do Brasil. He was elected vice president - international operations in 1980 and vice president - bearing operations in 1983, the year he also became a director of the company. Ashton assumed his current position, executive vice president - bearings, in 1986.
With Ashton as AFBMA chairman, Timken Company executives chair the respective trade associations for the two products the company manufactures -- anti-friction bearings and alloy steel. Last May, Joseph F. Toot, Jr., president of The Timken Company, was named chairman of the American Iron and Steel Institute (AISI).
The Timken Company is a leading international manufacturer of highly engineered bearings and alloy steels. The company employs nearly 19,000 people worldwide and recorded 1990 sales of more than $1.7 billion.
/CONTACT: Kari Groh of The Timken Company, 216-471-4324/
(TKR) CO: The Timken Company ST: Ohio IN: MAC SU: PER KK -- CL002 -- 1255 11/18/91 09:08 EST