CANTON, Ohio, May 12, 2014 /PRNewswire/ -- The Timken
Company (NYSE: TKR; www.timken.com) today announced it will
increase base prices on all special bar quality (SBQ) products by
$30 per ton. These price
increases are effective with shipments beginning on June 1, 2014 and apply only to non-contract
pricing. Raw material surcharges remain in effect.
About The Timken Company
The Timken Company (NYSE: TKR; www.timken.com), a global
industrial technology leader, applies its deep knowledge of
materials, friction management and power transmission to improve
the reliability and efficiency of industrial machinery and
equipment all around the world. The company engineers,
manufactures and markets mechanical components and high-performance
steel. Timken® bearings, engineered steel bars and
tubes—as well as transmissions, gearboxes, chain, related products
and services—support diversified markets worldwide. With
sales of $4.3 billion in 2013 and
approximately 19,000 people operating from 28 countries, Timken
makes the world more productive and keeps industry in motion.
Media Contact: Pat
Burnham
|
Investor Contact:
Steve Tschiegg
|
Global Media
Relations
|
Director – Capital Markets & Investor
Relations
|
4500 Mount Pleasant
Street, NW
|
4500 Mount Pleasant
Street, NW
|
North Canton, OH
44720 U.S.A.
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North Canton, OH
44720 U.S.A.
|
|
|
Telephone:
(330)471-3514
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Telephone:
(330)471-7446
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pat.carlson@timken.com
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steve.tschiegg@timken.com
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Logo - http://photos.prnewswire.com/prnh/20100210/TIMKENLOGO
SOURCE The Timken Company