Date: 2013-08-01

Timken To Invest $225 Million at Its Faircrest Steel Plant in Ohio to Support Growing Demand

CANTON, Ohio, Feb. 21, 2012 /PRNewswire/ -- After securing a new five-year labor agreement, officials at The Timken Company (NYSE: TKR) announced they will move forward with a $225 million investment at the Faircrest Steel Plant in Stark County, Ohio. With this investment, the specialty alloy steel manufacturer will improve productivity, expand its product range and increase capacity to serve growing demand for Timken® specialty alloy steel bars.

"This is a good day for our customers around the world, for our company and for the local community," said Salvatore J. Miraglia, Jr., Timken president

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