Timken to Increase Prices on Special Bar Quality Products
CANTON, Ohio, March 26 /PRNewswire-FirstCall/ -- The Timken Company (NYSE: TKR) today announced it will increase base prices on hot-rolled special bar quality (SBQ) products by $30 per ton and cold-finished and thermal-treated SBQ products by $40 per ton. These price increases are effective with shipments beginning on May 1, 2010.
Raw material surcharges will remain in effect.
(Logo: http://www.newscom.com/cgi-bin/prnh/20100210/TIMKENLOGO )
About The Timken Company
The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning with innovative friction management and power transmission products and services, enabling our customers' machinery to perform more efficiently and reliably. With sales of $3.1 billion in 2009, operations in 26 countries/territories and approximately 17,000 employees, Timken is Where You Turn® for better performance.
Media Contact: Lorrie Paul Crum, Manager - Global Media and Strategic Communications, Telephone: (330) 471-3514, Mobile: (330) 224-5021, [email protected]
Investor Contact: Steve Tschiegg, Director - Capital Markets and Investor Relations, Telephone: (330) 471-7446, [email protected]
For Additional Information:
SOURCE The Timken Company
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