Timken to Increase High Speed Steel Prices

Timken Latrobe Steel, a subsidiary of The Timken Company, announced it would increase prices by 5 percent on all high speed steel products. The price change is effective with shipments beginning on December 1, 2004. Raw material surcharges will remain in effect. (Logo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) "Continued rising raw material costs and other key factors are reasons for this price increase," said David A. Murray, vice president - sales and marketing - Timken Latrobe Steel. 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.