CANTON, Ohio: August 30, 2010 — The Timken Company (NYSE: TKR) today announced it will increase prices on cold-drawn carbon and alloy seamless mechanical tubing by up to 30 percent, depending on the size and product specification. This price increase is effective with shipments beginning on October 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 our customers’ machinery to perform more efficiently and reliably. With sales of $3.1 billion in 2009, operations in 27 countries/territories 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
Facsimile: (330) 471-7032
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
Facsimile: (330) 471-2797
steve.tschiegg@timken.com
For Additional Information:
www.timken.com/media
www.timken.com/investors
Other News:
Timken to Increase Prices on Cold-Drawn Tubing
A Quarter of a Century of Damping Vibrations
SKF South Africa's Junior Lions - a roar to be reckoned with at the Gothia Cup in Sweden
Trans-Pacific Aerospace Company, Inc. Design Team Transitions to New Product Development
SKF breaks ground for new aeroengine facility in USA
SKF Launches a Universal Boot Kit for Light Commercial Vehicles
Bright Road Ahead for Small Auto Component Manufacturers
Design Focus: Two New Integral-V™ Whitepapers Released