The Timken Company Hires KeyCorp to Assist in Sale of Tooling Plant

    CANTON, Ohio, May 21 The Timken Company has
hired Key Business Advisory Services of McDonald Investments, Inc., a KeyCorp
company, to assist in the sale of its tooling plant in Ashland, Ohio.  The
planned sale of the Ashland facility, which produces tooling for Timken
automotive and industrial bearing operations, was announced in April, as a
part of a comprehensive refocusing of the company's manufacturing operations.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )
    Inquiries concerning the sale of the Ashland facility may be directed to
Ernest L. Vallorz, Jr., Managing Director, Key Business Advisory Services,
(216) 689-4467.
    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 20,000 people worldwide
and recorded sales of U.S. $2.6 billion in 2000.

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