Timken Receives Disbursement Under U.S. Trade Law

Resource from: CBCC Likes:2942

Dec 05,2005

CANTON, Ohio, Dec. 2 /PRNewswire-FirstCall/ -- The Timken Company (NYSE: TKR) today announced that it received approximately $81 million under the U.S. Continued Dumping and Subsidy Offset Act (CDSOA) for 2005. Timken will apply the entire amount toward funding the company's U.S. pensions. CDSOA provides the authority for U.S. Customs to distribute antidumping duties directly to U.S. producers harmed by unfair trade that have continued to invest in their technology, equipment and people. A leading provider of friction management and power transmission solutions, Timken received a distribution under CDSOA based on the company's consistent investments to remain competitive in the face of continued dumping of bearings. 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 $4.5 billion in 2004 and 26,000 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, or jeff.dafler@timken.com, or Investors, Steve Tschiegg, Manager – Investor Relations, Telephone: 330-471-7446, or Facsimile: (330) 471-2797, or steve.tschiegg@timken.com

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Schaffler develops energy-efficient bearings

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.