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