Timken, a company that manufactures bearings, will invest $7.1 million into new equipment at its plant in Iron Station. The money will go toward retrofitting a machine to modify the size and shape of the bearings, said Crystal Gettys, with the Lincoln Economic Development Association.

Timken is one of the largest employers in Lincoln County, with more than 950 workers.

As an incentive, the county has agreed to provide cash grants of about $19,700 per year for five years once the project is finished, which is expected to be by July, Gettys said.

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