−Removed: The Company’s corporate headquarters is located in North Canton, Ohio, and, at December 31, 2022, the Company maintained 77 manufacturing plants.
+Added: The Company’s corporate headquarters is located in North Canton, Ohio, and, as of December 31, 2023, the Company maintained 94 plants that perform manufacturing, assembly or repair services.
The Company also maintains various sales and administrative offices and distribution centers throughout the world.
−Removed: None of these manufacturing plants, administrative offices or distribution centers are individually material to the Company’s operations.
+Added: None of these plants, administrative offices or distribution centers are individually material to the Company’s operations.
The facilities are situated in the United States, as well as 44 other countries, including China, India, and Romania.
−Removed: The Company owns the majority of its manufacturing plants, and its leased properties primarily consist of sales and administrative offices and distribution centers.
+Added: The Company owns the vast majority of its plants, while most of its sales and administrative offices and distribution centers are leased.
The buildings occupied by Timken are principally made of brick, steel, reinforced concrete and concrete block construction.
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.