Timken Alloy Steel Europe to Increase Steel Tubing Prices

CANTON, Ohio, Dec. 20 /PRNewswire-FirstCall/ -- Timken Alloy Steel Europe Limited, a subsidiary of The Timken Company, announced it would increase base prices on all carbon and alloy steel tubing by approximately 20 percent. These price increases apply to all tubing despatched from February 1, 2005. Raw material surcharges will continue to be levied at the rates ruling at date of despatch. (Logo: http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO ) 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.