The Timken Company Charitable and Educational Fund Donation Supports UNICEF's Global Vaccine Distribution Goal

Rhea-AI Summary

The Timken Company (NYSE: TKR) announced a $75,000 donation to support UNICEF's global COVID-19 vaccine distribution through the COVAX initiative. This contribution aims to facilitate the delivery of up to 2 billion vaccine doses to over 180 countries. In addition to this, Timken has provided $175,000 to Feeding America and contributed to the United Way COVID-19 Impact Fund. The company has also donated PPE and oxygen generators in regions like China, Europe, and India to further pandemic relief efforts.

Positive

• Donated $75,000 to UNICEF to support global vaccine distribution.
• Contributed $175,000 to Feeding America and supported food and medical needs through local charities.
• Demonstrated commitment to CSR by addressing pandemic relief globally.

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• None.

NORTH CANTON, Ohio, Nov. 4, 2021 /PRNewswire/ -- The Timken Company (NYSE: TKR; www.timken.com), a global industrial leader in engineered bearings and power transmission products, today announced a $75,000 donation through The Timken Company Charitable and Educational Fund to support UNICEF's equitable vaccine distribution efforts around the globe.

As part of COVAX, the largest and fastest immunization campaign in world history, UNICEF is leading the delivery of up to 2 billion COVID-19 vaccine doses to more than 180 countries in 2021. To date, more than 420 million COVAX vaccines have been shipped.

"There is an obvious and critical need to get vaccines distributed quickly and safely to as many people as possible, and we are proud to support UNICEF's efforts to address this worthy objective," said Hansal Patel, Timken vice president, general counsel and secretary, who also serves as a leader for Timken's corporate social responsibility efforts (CSR). "With the infrastructure, expertise and buying power to spearhead this enormous undertaking, UNICEF is an ideal partner for Timken and complements our CSR initiatives to create a more resilient world."

Contributing to UNICEF's equitable vaccine efforts is just one demonstration of Timken's commitment to supporting individuals and families during the pandemic. The company has responded globally with both financial and in-kind donations, including a $175,000 contribution to Feeding America, which supports 200 food banks, pantries and meal programs that serve 40 million people across the United States. Timken also contributed to the United Way COVID-19 Impact Fund to help people in need with rent and mortgage payments, temporary shelter, food, clothing and medical supplies.

Around the world, Timken has contributed to pandemic relief in a number of other ways. In China and Europe, the company donated personal protective equipment (PPE), sanitizers and other supplies to help prevent the spread of COVID-19. In India, Timken donated four large-capacity oxygen generators to hospitals in Bangalore and Chennai and contributed to a fund to provide food for those in need and PPE for frontline healthcare workers.

Additionally, Timken associates contributed in many individual ways to help communities stay protected and recover from the impacts of the pandemic, including making donations to our Timken matching-gift program.

Read more about Timken's commitment to community in the company's 2020 Corporate Social Responsibility Report.

About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com) designs a growing portfolio of engineered bearings and power transmission products. With more than a century of knowledge and innovation, we continuously improve the reliability and efficiency of global machinery and equipment to move the world forward. Timken posted $3.5 billion in sales in 2020 and employs more than 17,000 people globally, operating from 42 countries. Timken is recognized among America's Most Responsible Companies by Newsweek, the World's Most Ethical Companies® by Ethisphere, and America's Best Employers, Best Employers for New Graduates and Best Employers for Women by Forbes.

About UNICEF
UNICEF is the world's largest children's organization, working in some of the world's toughest places, to reach the world's most disadvantaged children. Across 190 countries and territories, they work for every child, everywhere, to build a better world for everyone. For more information about UNICEF and its work for children, visit www.unicef.org. Follow UNICEF on Twitter, Facebook, Instagram and YouTube.

About UNICEF USA
UNICEF USA advances the global mission of UNICEF by rallying the American public to support the world's most vulnerable children. Together, we are working toward a world that upholds the rights of all children and helps every child thrive. For more information, visit www.unicefusa.org. 

Media Relations:
Scott Schroeder
234.262.6420
scott.schroeder@timken.com

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SOURCE The Timken Company

FAQ

What was the amount of Timken's donation to UNICEF for vaccine distribution?

Timken donated $75,000 to UNICEF for global vaccine distribution.

What is UNICEF's role in the COVID-19 vaccine distribution?

UNICEF is leading the delivery of up to 2 billion COVID-19 vaccine doses through the COVAX initiative.

How much has Timken contributed to Feeding America?

Timken has contributed $175,000 to Feeding America.

What other pandemic relief efforts has Timken been involved in?

Timken has donated PPE and oxygen generators in various countries and supported local charities.

What is the stock symbol for The Timken Company?

The stock symbol for The Timken Company is TKR.