CANTON, Ohio, Oct. 21 /PRNewswire-FirstCall/ -- The Timken Company (NYSE: TKR) today announced it will increase base prices on all special bar quality (SBQ) products by $30 per ton. These price increases are effective with shipments beginning on Dec. 1, 2010, and apply only to non-contract pricing.
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/territories and approximately 17,000 employees, Timken is Where You Turn® for better performance.
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SOURCE The Timken Company