Timken to Increase Prices on Special Bar Quality Products

Oct 21, 2010, 12:31 ET from The Timken Company

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.

(Logo: http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO )

(Logo: http://www.newscom.com/cgi-bin/prnh/20100210/TIMKENLOGO )

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.

Media Contact: Lorrie Paul Crum, Manager – Global Media and Strategic Communications, Telephone: (330) 471-3514, Mobile: (330) 224-5021, lorrie.crum@timken.com

Investor Contact: Steve Tschiegg, Director – Capital Markets and Investor Relations, Telephone: (330) 471-7446, steve.tschiegg@timken.com

For Additional Information:



SOURCE The Timken Company