CANTON, Ohio: July 22, 2010 — The Timken Company (NYSE:TKR) today announced it will increase base prices on all special bar quality (SBQ) products by $40 per ton. These price increases are effective with shipments beginning on September 1, 2010.
Raw material surcharges will remain in effect.
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 its customers’ machinery to perform more efficiently and reliably. With sales of $3.1 billion in 2009, operations in 27 countries and approximately 17,000 employees, Timken is Where You Turn® for better performance.
The Timken Company
Media Contact: Lorrie Paul Crum
Manager – Global Media and Strategic Communications
Mail Code: GNW-37
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Office: (330) 471-3514
Mobile: (330) 224-5021
lorrie.crum@timken.com
Investor Contact: Steve Tschiegg
Director – Capital Markets and Investor Relations
Mail Code: GNE-26
1835 Dueber Avenue, S.W.
Canton, OH 44706 U.S.A.
Office: (330) 471-7446