Midsized Manufacturers Beat Slump by Embracing China, India
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On his frequent trips to Shanghai, Timken Co. Chief Executive Officer James W. Griffith sees cars on freeways and cranes at construction sites powered partly by the steel bearings his company has made for 111 years.
"Tepid economic growth and unemployment dominate the headlines in the U.S., but there are opportunities for our products in developing countries," he said. "In China, even in a bad year, the economy will grow 6 percent to 8 percent."