Timken to Increase Specialty Steel Prices
21 Novembre 2005 - 9:02PM
PR Newswire (US)
LATROBE, Pa., Nov. 21 /PRNewswire-FirstCall/ -- Timken Latrobe
Steel, a subsidiary of The Timken Company (NYSE:TKR), announced it
would increase prices by 3 percent to 8 percent on all remelted
aerospace alloys. The price change will be effective immediately on
all new inquiries and for all new orders received beginning Dec. 1,
2005. Raw material surcharges will remain in effect. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) "This price
increase will enable Timken Latrobe Steel to recover the increasing
operational costs that we are experiencing throughout our entire
manufacturing process," said Hans J. Sack, president - Timken
Latrobe Steel. "Although Timken Latrobe Steel has a surcharge
mechanism to reflect our direct consumption of natural gas, we
continue to experience higher costs for operating supplies due to
the effect of energy prices on our vendors' operations." About
Timken Latrobe Steel Timken Latrobe Steel, a subsidiary of The
Timken Company (NYSE:TKR), is a leading specialty steel producer in
North America. The Timken Company (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. Bob Bourquin, Senior Communications Representative,
Telephone: (330) 471-7106, Facsimile: (330) 471-7032, Steve
Tschiegg, Manager - Investor Relations, Telephone: (330) 471-7446,
Facsimile: (330) 471-2797,
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
http://photoarchive.ap.org/ 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/ http://www.timken.com/media
http://www.timken.com/investors
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