Timken Expands Aerospace Capabilities at New Arizona Facility

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Oct 10,2006

Timken Expands Aerospace Capabilities at New Arizona Facility The Timken Company (NYSE: TKR) is continuing to expand its capabilities for the aerospace aftermarket with an investment of more than $12 million for a new technology center in Mesa, Ariz. The new facility, which will include manufacturing and engineering functions, more than doubles the capacity of Timken's previous aftermarket operation in Gilbert, Ariz., which will be vacated over the next several months. The 85,000 sq. ft. manufacturing and technology center provides critical new space for integrating Timken's specialized engineering, manufacturing, reconditioning and service functions for components and systems used for aviation maintenance, repair and overhaul. Many of these products are covered by Parts Manufacturer Approval (PMA) from the Federal Aviation Administration (FAA). "This vertical integration will help Timken strengthen its position as a leading provider of PMA and repair/overhauled parts and components," said Barry Stonehouse, general manager, Timken aerospace aftermarket solutions. "It will increase our ability to develop innovative solutions for worldwide aviation customers through a broader selection of complex products, integrated sub-systems and services." The new Timken facility brings together, in one site, all the key capabilities to support aerospace aftermarket customers. The site will be a global product center for the application, design and manufacturing process engineering for aerospace aftermarket products. The site will also house a broad range of capabilities related to production, quality control, sales and customer service. It also will include overhaul and repair of parts under FAA repair station authority (FAA repair station VOTR933Y). Other activities centered there will include the stocking and distribution of components, transmissions and engines, as well as helicopter airframes required to support the U.S. Foreign Military Sales program. The Timken facility joins a number of prominent aerospace companies, including Boeing, Lockheed Martin and MD Helicopter, already situated in the industrial district adjacent to Falcon Field in Mesa. The Timken aerospace aftermarket solutions group is a leading supplier of direct replacement parts for gas turbine engines, components and systems used in the aviation industry. With principal facilities in Mesa, Ariz., and Los Alamitos, Calif., Timken continues to expand its in-house aerospace manufacturing and repair capabilities, while increasing the scope of its aircraft platform support. About The Timken Company The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning, with innovative ways to make customers' products run smoother, faster and more efficiently. Timken's highly engineered bearings, alloy steels and related products and services turn up everywhere. With operations in 27 countries, sales of $5.2 billion in 2005 and 27,000 employees, Timken is Where You Turn(TM) for better performance. Media Contact: Jeff Dafler, Manager - Global Media & Government Relations, Telephone: (330) 471-3514, Facsimile: (330) 471-7032, jeff.dafler@timken.com Investor Contact: Steve Tschiegg, Manager - Investor Relations, Telephone: (330) 471-7446, Facsimile: (330) 471-2797, steve.tschiegg@timken.com SOURCE The Timken Company

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