Timken Specialty Steel Prices Increase

    CANTON, Ohio, Feb. 6 Timken Latrobe Steel will increase
prices by a range of four to eight percent on selected aerospace specialty
alloys and tool steel products. The price change is effective with new orders
received after February 12, 2001.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )
    "This increase is being driven by escalating production costs in the form
of labor, supplies, healthcare and other benefit costs, and the need to
provide for continued capital investments for technology and overall growth,"
said Richard H. Brown, vice president - sales and marketing, Timken Latrobe
Steel.
    This price increase does not include the rising costs of natural gas,
which will continue to be included in monthly raw material surcharges. The
natural gas portion of the surcharge is based on the difference of the monthly
average reported by the New York Mercantile Exchange versus a base of $2.25
per thousand cubic feet of natural gas.
    The Timken Company ( http://www.timken.com ) is a leading
international manufacturer of highly engineered bearings, alloy and specialty
steels and components, as well as related products and services. With
operations in 24 countries, the company employs about 20,500 people worldwide
and recorded 2000 sales of U.S. $2.6 billion.