CANTON, Ohio, Dec. 2 /PRNewswire-FirstCall/ -- The Timken Company (NYSE: TKR) today announced that it received approximately $81 million under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA) for 2005. Timken will apply the entire amount toward funding the company's U.S. pensions. CDSOA provides the authority for U.S. Customs to distribute antidumping duties directly to U.S. producers harmed by unfair trade that have continued to invest in their technology, equipment and people. A leading provider of friction management and power transmission solutions, Timken received a distribution under CDSOA based on the company's consistent investments to remain competitive in the face of continued dumping of bearings.
About The Timken Company
The Timken Company, (NYSE: TKR, www.timken.com) keeps the world turning, with innovative ways to make customers' products run smoother, faster and more efficiently. Timken's highly engineered bearings, alloy steels and related products and services turn up everywhere. With operations in 27 countries, sales of $4.5 billion in 2004 and 26,000 employees, Timken is Where You Turn™ for better performance.
Media Contact: Jeff Dafler, Manager - Global Media & Government Relations, Telephone: (330) 471-3514, Facsimile: (330) 471-7032, orjeff.dafler@timken.com, or Investors, Steve Tschiegg, Manager - Investor Relations, Telephone: 330-471-7446, or Facsimile: (330) 471-2797, orsteve.tschiegg@timken.com
SOURCE The Timken Company
Contact
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Investor Relations Contact
Neil Frohnapple
Vice President of Investor Relations
Mail Code: TCH-03
The Timken Company
4500 Mount Pleasant Street NW
North Canton, OH 44720
Email: investors@timken.com
Transfer Agent
EQ Shareowner Services
P.O. Box 64874
St. Paul MN 55164-0874
Telephone: 800-401-1957
Outside US: 651-450-4064
shareowneronline.com
Shareholder Contact
Shareholder Services
Mail Code: TCH-03
The Timken Company
4500 Mount Pleasant Street NW
North Canton, OH 44720
Phone: (234) 262-4204
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