Timken Signs Five-Year Contract With RWE Power
10 Maggio 2006 - 6:12PM
PR Newswire (US)
COLMAR, France, May 10 /PRNewswire/ -- The Timken Company
(NYSE:TKR) recently signed a five-year contract to supply RWE Power
AG in Essen, Germany, with anti-friction bearings. The contract
covers the delivery of spherical roller bearings and mounting
sleeves for use in conveyor belts. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO) The agreement
is the first between the two companies and accounts for about 30
percent of RWE Power's bearing requirements in Germany. RWE Power
cited technical expertise as one of the deciding factors for
awarding the contract to Timken. Most of the conveyor belts
equipped with Timken(R) bearings are used in the company's lignite
mining operation located in Germany's Rhineland. RWE Power is among
the largest electricity producers in Europe and belongs to the RWE
Group of European utility companies. "Timken is delighted to begin
this relationship with RWE Power," said Mike Connors, Timken's vice
president for industrial equipment. "Customers in energy and other
demanding industries are discovering new ways that Timken's
expertise in managing friction in harsh environments can help
improve their performance." About RWE Power AG RWE Power is one of
Europe's largest power producers with subsidiaries and affiliates
in Germany and abroad. They employ around 18,700 people. In 2005,
RWE Power generated about 6.8 billion euros of external revenue.
About The Timken Company The Timken Company,
(NYSE:TKRNYSE: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 $5.2 billion in 2005 and
27,000 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, Investor Contact: 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:
Media, Jeff Dafler, Manager - Global Media & Government
Relations, +1-330-471-3514, of fax, +1-330-471-7032, or , or
Investors, 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/investors
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