Timken to Increase Seamless Tubing Prices, Add Natural Gas Surcharge
20 Settembre 2005 - 11:00PM
PR Newswire (US)
CANTON, Ohio, Sept. 20 /PRNewswire/ -- The Timken Corporation today
announced price increases on seamless mechanical tubing products
effective with shipments November 1, 2005 as follows: -
Non-contract base prices will increase by 4 percent for all sizes
and grades of carbon and alloy seamless tubing. - For all double
and triple thermal treated seamless tubing products, base prices
will increase by 7 percent. - A natural gas surcharge will be
implemented using the monthly close NYMEX Natural Gas Contract
Settlement price (Henry Hub Louisiana), as published in Platts Gas
Daily by McGraw-Hill. A trigger point of $6.60 per MMBtu and a
multiplier of 7.5 will be used to determine the surcharge amount. -
All other raw material surcharges will remain in effect. The Timken
Corporation is a U.S. sales and marketing subsidiary of The Timken
Company. The Timken Company (NYSE:TKR) (http://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 - on land, on the seas and in space. With
operations in 27 countries, sales of $4.5 billion in 2004 and
26,000 employees, Timken is Where You Turn(TM) for better
performance. Contact: Bob Bourquin, Senior Communications
Representative, (330) 471- 7106, or Facsimile, (330) 471-7032, or ,
or Steve Tschiegg, Manager - Investor Relations, (330) 471-7446, or
Facsimile, (330) 471-2797, or . DATASOURCE: The Timken Company
CONTACT: Bob Bourquin, Senior Communications Representative,
+1-330-471-7106, or fax, +1-330-471-7032, or , or Steve Tschiegg,
Manager - Investor Relations, +1-330-471-7446, or fax,
+1-330-471-2797, or , both of The Timken Company Web site:
http://www.timken.com/
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