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Timken to Increase Prices on Special Bar Quality Products

CANTON, Ohio — May 1, 2008 — The Timken Company (NYSE: TKR) today announced it will increase base prices on hot-rolled, cold-finished and  thermal-treated special bar quality products by up to $50 per ton, based on size.  This price increase is effective with shipments beginning on July 1, 2008.

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 27 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance. 

 

Source: The Timken Company

 

Investor Contact: Steve Tschiegg

Manager – Investor Relations
Mail Code: GNE-26
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Telephone: (330) 471-7446
Facsimile: (330) 471-2797
steve.tschiegg@timken.com

 

Media Contact:  Jeff Dafler
Manager – Global Media & Government  Relations
Mail Code: GNW-37
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Telephone: (330) 471-3514 
Facsimile: (330)  471-7032
jeff.dafler@timken.com

 

For Additional Information:
www.timken.com/media

www.timken.com/investors