CANTON, Ohio — Feb. 14, 2008 — The Timken Company (NYSE: TKR) today announced that manganese (Mn) will be added to the company’s generic alloy surcharge for steel customers effective with shipments beginning on April 1, 2008.
Timken implemented the change in response to higher global demand and tightening supplies of manganese. All other raw-material surcharges will remain in effect.
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 $5.2 billion in 2007, operations in 26 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.
CONTACT: The Timken Company
Media Contact: Jeff Dafler
Manager - Global Media &
Investor Contact: Steve Tschiegg
Manager - Investor Relations
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SOURCE: The Timken Company