Timken to Increase Specialty Steel Prices
26 Giugno 2006 - 5:54PM
PR Newswire (US)
LATROBE, Pa., June 26 /PRNewswire/ -- The Timken Company (NYSE:TKR)
today announced its Timken Latrobe Steel subsidiary will increase
prices by 3 percent to 7 percent on all remelted aerospace alloys.
The price change will be effective immediately for all new
inquiries and beginning July 1, 2006, for all new orders. 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 so we can continue to invest in capacity to
improve our response to market demands," said Hans J. Sack,
president - Timken Latrobe Steel. 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 $5.2 billion
in 2005 and 27,000 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 Facsimile, +1-330-471-7032, or , or Steve
Tschiegg, Manager - Investor Relations, +1-330-471-7446, or
Facsimile, +1-330-471-2797, or Web site: http://www.timken.com/
http://www.timken.com/media http://www.timken.com/investors
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