STAND-OUT PErFOrMANCES imken’s performance in 2011 stood out not only because of financial  accomplishments but also as a result of the company’s ability to provide  outstanding value to our customers. We strive each day to earn new and repeat business,  upholding our century-long brand promise to provide peace of mind to our customers. T Take the example of india’s oldest private-power utility, which relies on Timken to help maintain  its coal-crushing equipment. Our journal bearing assemblies operate at the heart of massive coal  pulverizers, conveying the raw power to smash coal rock into dust and slack, creating essential  fuel for efficient electricity production. Consider the extreme pressures tested every day by the world’s top three oceanic organizations. All three depend on Timken high-performance ceramic bearings to control deep-sea monitoring vehicles exploring the deep recesses of the ocean floors.  imagine the inhospitable conditions thousands of feet below the Earth’s surface, where Timken provides the integral strength of its stator tubes to enable responsible extraction for oil and gas production. Drill bits, like these that bore deep below the ocean floor, depend  on high-strength  corrosion-resistant  Timken ®  steel. Customers today have even more reasons to consider us their trusted partner: new spherical, cylindrical and housed  bearings; the addition of Philadelphia Gear$^{®}$ services; a  complementary line of engineered chain and roller chain; innovative seals for railroad bearings, and newly invented  custom-melted varieties of steel. it’s all just a glimpse of our  ability to create new value with enduring performance. From deep-sea sojourns to the meticulous quest for energy  resources,Timken customized steel alloys, powerful bearings and drive-system components perform in the most difficult,  high-pressure environments, making new discoveries and  technological advances possible.  9