CANTON, Ohio, Nov. 18 /PRNewswire-FirstCall/ -- The Timken Corporation today announced price increases on mill shipments of seamless tubular steel products effective with shipments on January 1, 2005 until further notice. Raw material surcharges will remain in effect.
* Hot Rolled and Cold Drawn Carbon Tubing +8%
* Hot Rolled, Annealed Alloy +12%
* Hot Rolled, Double Thermal Treated Alloy +12%
* Exceptions to the above:
- All Carbon Tubing > 9" diameter and OD/Wall ratios < 6.5 +13%
- All Alloy Tubing > 9" diameter and OD/Wall ratios < 6.5 +18%
The Timken Corporation is a U.S. sales and marketing subsidiary of The Timken Company (NYSE: TKR, www.timken.com) is a leading global manufacturer of highly engineered bearings and alloy steels and a provider of related products and services with operations in 29 countries. The company recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.
Media Contact: Robert G. Bourquin, Senior Communications Representative, (330) 471-7106, http://www.timken.com/media
Investor Contact: Kevin R. Beck, Manager - Investor Relations,
(330) 471-7181
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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