Timken to Increase Aerospace Specialty Steel Prices
14 Marzo 2005 - 10:53PM
PR Newswire (US)
Timken to Increase Aerospace Specialty Steel Prices LATROBE, Pa.,
March 14 /PRNewswire-FirstCall/ -- Timken Latrobe Steel, a
subsidiary of The Timken Company, announced it would increase
prices by 5 to 10 percent on all remelted aerospace alloys and air
melt stainless steel grades. The price change will be effective
with all new orders received beginning March 15, 2005. Raw material
surcharges will remain in effect. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) "Increasing
operational costs and other key factors have made this price
increase necessary," said Hans J. Sack, president - Timken Latrobe
Steel. Timken Latrobe Steel is a leading specialty steel producer
in North America. The Timken Company (NYSE:TKR);(
http://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 26 countries. Timken
recorded 2004 sales of $4.5 billion and employed approximately
26,000 at year-end. Media: Robert G. Bourquin, Sr. Marketing
Communications Representative, (330) 471-7106 Investor Contact:
Kevin R. Beck, Manager - Investor Relations, (330) 471-7181
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT:
Media, Robert G. Bourquin, Sr. Marketing Communications
Representative, +1-330-471-7106, or Investors, Kevin R. Beck,
Manager - Investor Relations, +1-330-471-7181, both of The Timken
Company Web site: http://www.timken.com/
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