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Timken Alloy Steel Europe to Increase Steel Tubing Prices

CANTON, Ohio, June 17 /PRNewswire-FirstCall/ -- Timken Alloy Steel Europe Limited, a subsidiary of The Timken Company, announced it would increase base prices on steel tubing by a minimum of 7.5 percent. These price increases apply to all tubing despatched from July 1, 2004. Raw material surcharges will continue to be levied at the rates ruling at date of despatch.

 

The Timken Company (NYSE: TKR, www.timken.com) is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 29 countries. The company recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.

 

Media Contact: Robert G. Bourquin, Senior Communications Representative, (330) 471-7106, or http://www.timken.com/media


Investor Contact: Kevin R. Beck, Manager - Investor Relations, (330) 471-7181

 

SOURCE The Timken Company