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Timken to Increase Prices on Double and Triple Thermal Treated Steel Product

CANTON, Ohio--(BUSINESS WIRE)--June 18, 2007--The Timken Company (NYSE:TKR) today announced price increases on double and triple thermal treated product. Effective with shipments from Jan. 1, 2008, the following applies:


Bar product prices will increase by $50 per ton.


Tubing product prices will increase by 10 percent.


Raw material surcharges will remain in effect.


At this time, prices on as-rolled and single thermal treated products are not affected.

 

About The Timken Company

The Timken Company (NYSE: TKR, www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers to perform faster and more efficiently. With sales of $5.0 billion in 2006, operations in 26 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.

 

CONTACT: The Timken Company, Canton 
Media Contact: Jeff Dafler
Manager - Global Media &
Government Relations
Telephone: 330-471-3514
Facsimile: 330-471-4118
jeff.dafler@timken.com
or
Investor Contact: Steve Tschiegg
Manager - Investor Relations
Telephone: 330-471-7446
Facsimile: 330-471-2797
steve.tschiegg@timken.com
or
For Additional Information:
www.timken.com/media
www.timken.com/investors

 

SOURCE: The Timken Company