Grant & Loan Awards: Screven County


EDGE

Screven County

EDGE Fund: $500,000

Awarded: 04/11/2007

Applicant: Screven County Development Authority


Description:
EDGE funds to purchase machinery and equipment to support the expansion of the Timken Company’s existing Sylvania plant. Timken is a leading global manufacturer of highly engineered bearings, alloy and specialty steel and related components. Started in 1898, Timken now has operations in 27 countries, over 27,000 employees and recorded $2.5 billion in sales in 2005. The Sylvania facility, approximately 267,000 square-feet and situated on 87 acres, manufactures bearings for the automotive industry. Timken is closing its plant in Clinton, South Carolina, which will add 88 new jobs at the Sylvania facility in addition to the existing 530 employees. This project is in competition with locations in other countries.


Total Budgeted Project Cost: $17,500,000


« See all awards for Screven County