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Economy and Business

Cleveland Ukrainians not happy with Canton's Timken
Local Ukrainians call on Timken to suspend joint ventures with Russian companies

Tim Rudell
In The Region:
The Timken Company’s recent announcements of a couple of joint ventures with Russian companies were generally greeted locally as good economic news for Canton and the region. But, many in Northeast Ohio’s Ukrainian community don’t see it that way. WKSU’s Tim Rudell reports. 
Cleveland Ukrainians not happy with Canton's Timken

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Timken’s press releases called the ventures--one with a Russian bearing maker that sells all over Europe, and one with the country’s largest rail car company--strategic moves to grow its international business. But the Russian seizure of the Crimea and military buildup on Ukraine’s other borders puts a different perspective on it for Andrew Futey. He’s a Clevelander who is honorary Council General of the Ukraine in northeast Ohio, and head of the Ukrainian Congress Committee of America. 

“Over 100,000 Russian troops are on the border of Ukraine. And how are they getting there? They’re getting there by rail…exactly the part of the business that our friends in Canton have signed a deal with a Russian company. Our hope is that, understanding this is a business transaction that didn’t happen overnight, but they suspend this joint venture.”

The Timken Company’s most recent release confirms that the Russian deals were in the works well before the recent political crisis, and says: "We continue to hope that the current situation can be resolved through constructive dialogue."
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