CANTON, Ohio, Dec. 20 /PRNewswire-FirstCall/ -- Timken Alloy Steel Europe Limited, a subsidiary of The Timken Company, announced it would increase base prices on all carbon and alloy steel tubing by approximately 20 percent. These price increases apply to all tubing despatched from February 1, 2005. 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, http://www.timken.com/media ; Investor Contact: Kevin R. Beck, Manager - Investor Relations, (330) 471-7181
The Timken Company 12/20/2004
Robert G. Bourquin,
Senior Communications Representative, +1-330-471-7106,
or Investors, or Kevin R. Beck,
Manager - Investor Relations, +1-330-471-7181,
both of The Timken Company Photo:
PRN Photo Desk, firstname.lastname@example.org
Web site: http://www.timken.com/media