TKR Timken Co

The Timken Company Completes Sale of Airframe Business Assets to RBC Bearings CANTON, Ohio, Dec. 22 /PRNewswire-FirstCall/ -- The Timken Company today announced that it has completed the sale of its fixed-wing airframe product lines to Roller Bearing Company of America, Inc. (RBC Bearings). The sale included certain assets related to airframe product manufacture at the Standard Plant in Torrington, CT, as well as selected airframe product lines manufactured in Keene, NH. Terms of the sale were not disclosed. (Logo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) Timken will continue to manufacture other aerospace products as part of Timken Aerospace, including specialized, highly engineered bearings for critical applications such as jet engines, gearboxes, auxiliary power units, instrumentation and helicopters. Timken also will continue to produce bearings for aircraft landing wheels. "The aerospace market is important to us, and we will continue our strategy of providing our customers with advanced technology and highly engineered bearings for selected applications," said Mike Arnold, President - Industrial. The sale to RBC Bearings includes products such as aircraft control bearings, aircraft rod ends, radial bearings and aircraft track rollers, which are manufactured at the Standard Plant. RBC Bearings will be leasing manufacturing space from Timken at the Standard Plant to produce these products. The Timken Company ( http://www.timken.com/ ) is a leading international manufacturer of highly engineered bearings, alloy and specialty steels and components, and a provider of related products and services. Following its February 2003 acquisition of The Torrington Company, Timken employs 28,000 people worldwide in operations in 29 countries. In 2002, the combined companies had sales of approximately $3.8 billion. Media Contact, Denise L. Bowler, Manager, Communications Planning & Integration, (330) 471-3485, or visit, http://www.timken.com/media, or Investor Contact, Kevin R. Beck, Manager - Investor Relations, (330) 471-7181 http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO http://photoarchive.ap.org/ DATASOURCE: The Timken Company CONTACT: Media, Denise L. Bowler, Manager, Communications Planning & Integration, +1-330-471-3485, or Investors, Kevin R. Beck, Manager - Investor Relations, +1-330-471-7181, both of The Timken Company Web site: http://www.timken.com/

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