Timken to Increase Specialty Steel Prices
04 Agosto 2004 - 12:20AM
PR Newswire (US)
Timken to Increase Specialty Steel Prices LATROBE, Pa., Aug. 3
/PRNewswire-FirstCall/ -- Timken Latrobe Steel, a subsidiary of The
Timken Company, announced it has increased base prices by 3 to 10
percent on all remelted aerospace alloy steel grades. The price
change is effective with all new orders received. (Logo:
http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) Timken
Latrobe Steel also has increased base prices on all air melt
stainless alloys by 5 to 10 percent. This price change is effective
with all new orders and shipments scheduled after August 1, 2004.
Raw material surcharges will remain in effect. "Increased
operational costs and other key factors have made these price
increases necessary," said Richard H. Brown, vice president -
business development and sales - Timken Latrobe Steel. "Our efforts
continue to focus on ways to offset these costs." Timken Latrobe
Steel is a leading specialty steel producer in North America. The
Timken Company (NYSE:TKR); ( http://www.timken.com/ ) is a leading
global manufacturer of highly engineered bearings and alloy steels
and a provider of related products and services with operations in
27 countries. A Fortune 500 company, Timken recorded 2003 sales of
$3.8 billion and employed approximately 26,000 at year-end. Media
Contact: Robert G. Bourquin, Senior Communications Representative,
(330) 471-7106, http://www.timken.com/media 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, Robert G. Bourquin, Senior Communications Representative,
+1-330-471-7106, or http://www.timken.com/media , 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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