Cairo plant sold to foreign owner - WALB.com, Albany News, Weather, Sports

Cairo plant sold to foreign owner

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By Christian Jennings - bio | email

CAIRO, GA (WALB) -  The Timken automotive parts in Cairo is being sold to a Japanense firm.

JTEKT Corporation signed an agreement to purchase the Needle Roller bearing business of Timken, which includes the Cairo plant.

Timken sold the plant for more than $330 million. JTEKT plans to grow the business, and keeping the same workers and administration on staff.

The sale is expected to be complete by the end of the year.

About 260 people work at the Cairo plant.

 

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