Timken Announces New Capacity to Serve Wind Power Demand

CANTON, Ohio--(Business Wire)--
The Timken Company (NYSE: TKR) today announced plans to expand
production capacity at its Tyger River facility in Union, S.C., to
serve the wind energy market. The investment is part of a strategy to
strengthen Timken's position to serve growing global demand for highly
engineered large-bore bearings that will help customers harness wind
power to meet the energy needs of the future.

Timken expects demand for large-bore bearings used in main-rotor
shafts and gear drives in wind turbines to grow rapidly in the coming
years as reliance on renewable energy increases. The Tyger River
investment will allow the company to serve demand from North American
customers and provide expanded capability to produce prototypes in
support of new wind-turbine programs.

"This investment exemplifies how we're reshaping our portfolio to
grow and optimize our business from top to bottom," said James W.
Griffith, Timken's president and chief executive officer. "We stand to
achieve greater returns by refocusing existing assets and investing in
new capacity to serve our most promising market sectors, which
certainly includes wind energy."

Expansion work at Timken's Tyger River location will begin in
2009, with production currently slated for 2010. It will be the
company's second wind-related commitment of the past year, following
formation of a joint venture with China's XEMC to build a new
main-shaft bearing facility in Xiangtan, Hunan province. Construction
of that new facility is scheduled to begin this year.

Timken's edge in the wind energy market is performance
engineering, combining power transmission, friction management and
alloy steel expertise to develop and deliver systems offering
wind-turbine manufacturers and wind-farm owners improved durability
and reliability in the turbines.

About The Timken Company

The Timken Company (NYSE: TKR, http://www.timken.com) keeps the
world turning, with innovative friction management and power
transmission products and services, enabling our customers to perform
faster and more efficiently. With sales of $5.2 billion in 2007,
operations in 27 countries and approximately 25,000 employees, Timken
is Where You Turn(TM) for better performance.

The Timken Company
Media Contact: Jeff Dafler, Manager - Global Media &
Government Relations, 330-471-3514
Facsimile: 330-471-7032
jeff.dafler@timken.com
or
Investor Contact: Steve Tschiegg,
Director - Capital Markets & Investor Relations,
330-471-7446
Facsimile: 330-471-2797
steve.tschiegg@timken.com
or
For Additional Information:
www.timken.com/media
www.timken.com/investors

Copyright Business Wire 2008