CANTON, Ohio--(BUSINESS WIRE)--Oct. 18, 2007--The Timken Company (NYSE:TKR) today announced it will increase base prices on hot-rolled, cold-finished and single-thermal-treated special bar quality (SBQ) products by $30 per ton. This price increase is effective with shipments beginning on Dec. 1, 2007.
Raw material surcharges will remain in effect.
Price increases for double- and triple-thermal-treated product announced in June 2007 remain in effect and are not affected by this announcement.
About The Timken Company
The Timken Company (NYSE: TKR, http://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(TM) for better performance.
CONTACT: The Timken Company
Media Contact:
Jeff Dafler, 330-471-3514
Manager - Global Media &
Government Relations
Facsimile: 330-471-4118
jeff.dafler@timken.com
or
Investor Contact:
Steve Tschiegg, 330-471-7446
Manager - Investor Relations
Facsimile: 330-471-2797
steve.tschiegg@timken.com
or
For Additional Information:
www.timken.com/media
www.timken.com/investors
SOURCE: The Timken Company