Timken Approved for $11.8 Million Research Project

Apr 18, 2001, 01:00 ET from The Timken Company

    CANTON, Ohio, April 18 /PRNewswire/ -- The U. S. Department of Energy
 recently approved continued funding of The Timken Company's (NYSE:   TKR)
 Controlled Thermo-Mechanical Processing (CTMP) technology project. The
 Department granted the company $5 million to continue developing the concept
 that is intended to optimize the manufacturing and performance of seamless
 tube and pipe. Timken was granted $3.3 million in 1999 to begin the research
 project.  The total project budget now totals $11.8 million.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )
     "Research and development activities to date have successfully validated
 the feasibility of the CTMP concept," said Raymond V. Fryan - director -
 process improvement - alloy steel. "We look forward to proving it further in
 both lab and plant tests."
     "Over the next few months, the project team will attempt to improve the
 accuracy of fundamental tube making process models already developed," said
 Robert V. Kolarik - CTMP project manager.  "Process recipes will then be
 generated to produce tubes that deliver optimized performance in our
 customers' machining and forming operations."
     Application of enhanced CTMP technology should significantly reduce energy
 consumption and waste emissions in the manufacture and processing of steel
 tubing.
     The Timken Company (NYSE:   TKR) ( http://www.timken.com ) is a leading
 international manufacturer of highly engineered bearings, alloy and specialty
 steels and components, as well as related products and services. With
 operations in 24 countries, the company employs about 20,500 people worldwide
 and recorded 2000 sales of U.S. $2.6 billion.
 
 

SOURCE The Timken Company
    CANTON, Ohio, April 18 /PRNewswire/ -- The U. S. Department of Energy
 recently approved continued funding of The Timken Company's (NYSE:   TKR)
 Controlled Thermo-Mechanical Processing (CTMP) technology project. The
 Department granted the company $5 million to continue developing the concept
 that is intended to optimize the manufacturing and performance of seamless
 tube and pipe. Timken was granted $3.3 million in 1999 to begin the research
 project.  The total project budget now totals $11.8 million.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )
     "Research and development activities to date have successfully validated
 the feasibility of the CTMP concept," said Raymond V. Fryan - director -
 process improvement - alloy steel. "We look forward to proving it further in
 both lab and plant tests."
     "Over the next few months, the project team will attempt to improve the
 accuracy of fundamental tube making process models already developed," said
 Robert V. Kolarik - CTMP project manager.  "Process recipes will then be
 generated to produce tubes that deliver optimized performance in our
 customers' machining and forming operations."
     Application of enhanced CTMP technology should significantly reduce energy
 consumption and waste emissions in the manufacture and processing of steel
 tubing.
     The Timken Company (NYSE:   TKR) ( http://www.timken.com ) is a leading
 international manufacturer of highly engineered bearings, alloy and specialty
 steels and components, as well as related products and services. With
 operations in 24 countries, the company employs about 20,500 people worldwide
 and recorded 2000 sales of U.S. $2.6 billion.
 
 SOURCE  The Timken Company

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