The Timken Company (NYSE:TKR) today announced it will increase base prices on hot-rolled, cold-finished and single-thermal-treated special bar quality (SBQ) products by $30 per ton. This price increase is effective with shipments beginning on Dec. 1, 2007.
Raw material surcharges will remain in effect.
Price increases for double- and triple-thermal-treated product announced in June 2007 remain in effect and are not affected by this announcement.
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.
Jeff Dafler, 330-471-3514
Manager – Global Media &
Steve Tschiegg, 330-471-7446
Manager – Investor Relations
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