The Timken Company (NYSE:TKR) today announced price increases on double and triple thermal treated product. Effective with shipments from Jan. 1, 2008, the following applies:
- Bar product prices will increase by $50 per ton.
- Tubing product prices will increase by 10 percent.
Raw material surcharges will remain in effect.
At this time, prices on as-rolled and single thermal treated products are not affected.
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 to perform faster and more efficiently. With sales of $5.0 billion in 2006, operations in 26 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.
Media Contact: Jeff Dafler
Manager – Global Media &
Investor Contact: Steve Tschiegg
Manager – Investor Relations
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