CANTON, Ohio, Aug. 27 /PRNewswire-FirstCall/ -- The Timken Corporation today announces a 7 percent price increase on mill shipments of seamless tubular steel products effective with orders placed on September 1, 2004 and later. Raw material surcharges will remain in effect.
The Timken Corporation is a U.S. sales and marketing subsidiary ofThe 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.
Robert G. Bourquin
Senior Communications Representative
Kevin R. Beck
Manager - Investor Relations
SOURCE The Timken Company