CANTON, Ohio — June 17, 2008 — The Timken Company (NYSE: TKR) announced today that it secured a $3.8 million contract for bearings from Masteel, one of the largest iron and steel producers in China.
The order is for large-bore Timken™ tapered and spherical roller bearings for application in the rougher and finisher of Masteel’s hot-strip rolling mill. Masteel awarded this contract to Timken based on its previous experience using Timken tapered roller bearings in a separate application.
Timken supplies a broad range of friction-management and power-transmission solutions, including tapered, spherical, cylindrical and needle bearings for industrial applications.
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
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
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
For Additional Information:
www.timken.com/media