The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

TimkenTube Prices to Increase April 1

28 March 2000

Tube Prices to Increase April 1 THE TIMKEN COMPANY LOGO The Timken Company, Worldwide Leader in Bearings and Steel. (PRNewsFoto)[KC] CANTON, OH USA 10/12/1999    

    CANTON, Ohio, March 27 Due to global market strengthening
within the steel industry and rising raw material costs, The Timken
Corporation today announced a price increase on steel tubing products.  Prices
on tubing products with a wall thickness greater than 11/2 inches will
increase by 8%.  Tubing products with a wall thickness less than or equal to
11/2 inches will increase by 3%.  The increase is effective with new orders
placed after April 1 and shipments made after May 31, 2000.
    (Photo:  http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )
    "Recovering prices throughout the industry are evidence of globally
strengthening markets," said Bob Keeler, director - steel sales - North
America, South America and Asia.  "So far this year, our business levels for
tubing products are up more than 25 percent from 1999 levels.  Demand is as
strong as we've seen in the past two years."
    The Timken Company ( http://www.timken.com ) is a leading
international manufacturer of highly engineered bearings and alloy steels with
operations in 25 countries.  The company employs about 21,000 people worldwide
and reported 1999 sales of U.S. $2.5 billion.
    NOTE:  Certain statements in this news release are or could be construed
as forward-looking. Various factors could cause actual results to differ
materially from these forward-looking statements, including changes in
customer demand. Additional factors are described in the company's 1999 annual
report, page 17. The company undertakes no obligation to update any forward-
looking statement.