Timken to Increase Tool Steel Prices
04 Agosto 2004 - 11:37PM
PR Newswire (US)
Timken to Increase Tool Steel Prices LATROBE, Pa., Aug. 4
/PRNewswire-FirstCall/ -- Timken Latrobe Steel, a subsidiary of The
Timken Company, announced it would increase prices by 5 percent on
tool steel and alloy products. The price change is effective with
shipments beginning on August 8, 2004. Raw material surcharges will
remain in effect. "Continued rising operational costs and other key
factors are reasons for this price increase," said David A. Murray,
vice president -- sales and marketing -- Timken Latrobe Steel. "We
are continuing with our efforts to try 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 DATASOURCE: The Timken Company CONTACT: Media,
Robert G. Bourquin, Senior Communications Representative,
+1-330-471-7106, or Investors, Kevin R. Beck, Manager - Investor
Relations, +1-330-471-7181, both of The Timken Company Web site:
http://www.timken.com/ http://www.timken.com/media
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