CANTON, Ohio — Feb. 15, 2008 — The Timken Company (NYSE: TKR) today announced it will increase prices on carbon and alloy seamless mechanical tubing by up to 15 percent, depending on the size and product specification. This price increase is effective with shipments beginning on April 1, 2008.
Raw-material surcharges will remain in effect.
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.
SOURCE: The Timken Company
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