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The Timken Company is a global manufacturer of engineered bearings, alloy and specialty steel and related components. It is a manufacturer of tapered roller bearings and alloy seamless mechanical steel tubing and a North America-based bearings manufacturer. It had facilities in 28 countries on six continents as of December 31, 2007. It manufactures two basic product lines: anti-friction bearings and steel products. It has three segments: Industrial Group, Automotive Group and Steel Group. The Automotive Group includes sales of bearings and other products and services (other than steel) to automotive original equipment manufacturers, for passenger cars, light trucks, medium/heavy trucks and trailers. The Industrial Group includes sales of bearings and other products and services (other than steel) to customer base, including industrial equipment, off-highway, rail and aerospace and defense customers. The Steel Group includes sales of low and intermediate alloy and carbon grade steel.(Source: 10-K)