Timken Specialty Steel Prices to Increase

Timken Specialty Steel Prices to Increase 


LATROBE, Pa., Dec. 22  /PRNewswire-FirstCall/ -- Timken Latrobe Steel, a
subsidiary of The Timken Company, announced it would increase prices by three
percent on all stainless, remelted and tool steel grades. The price change is
effective with new orders received after February 1, 2004. Raw material
surcharges will remain in effect.

(Logo http://www.newscom.com/cgi-bin/prnh/19991012/TKRLOGO )

"This increase is necessary as energy, health care and other production costs
continue to escalate," said Hans J. Sack, president - Timken Latrobe Steel. "Our
focus on manufacturing efficiencies has been unable to offset the influence of
these macro-economic factors on our business."

Timken Latrobe Steel is a leading specialty steel producer in North America. The
Timken Company ( http://www.timken.com/ ) is a leading international
manufacturer of highly engineered bearings, alloy and specialty steels and
components, and a provider of related products and services. Timken employs
28,000 people with operations in 29 countries. In 2002, the combined Timken and
Torrington companies had sales of approximately $3.8 billion.

For Additional Information:  Jason H. Saragian, Communications Manager, (330)
471-3514 

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DATASOURCE: The Timken Company



CONTACT:  Jason H. Saragian, Communications Manager of Timken Latrobe

Steel, [phone]



Web site:  http://www.timken.com/ 

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