Timken Receives Disbursement Under U.S. Trade Law
02 Dicembre 2005 - 10:15PM
PR Newswire (US)
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. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) About 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. 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.
Media Contact: Jeff Dafler, Manager - Global Media & Government
Relations, Telephone: (330) 471-3514, Facsimile: (330) 471-7032, or
, or Investors, Steve Tschiegg, Manager - Investor Relations,
Telephone: 330-471-7446, or Facsimile: (330) 471-2797, or
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO
http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT:
Jeff Dafler, Manager - Global Media & Government Relations,
+1-330-471-3514, or fax, +1-330-471-7032, or , or Investors, Steve
Tschiegg, Manager - Investor Relations, +1-330-471-7446, or fax,
+1-330-471-2797, or Web site: http://www.timken.com/
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