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BRITISH TIMKEN PLANS TO CONSOLIDATE MANUFACTURING OPERATIONS

 CANTON, Ohio, March 23 /PRNewswire/ -- British Timken announced today that by mid-1994 its Daventry, Northamptonshire, operations will be consolidated into its Duston bearing plant. The action will result in improved utilization of plant assets, enhanced customer service, and increased job security for associates at British Timken.
 Ian Tucker, general manager - manufacturing for British Timken, outlined plans to relocate most of the equipment from Daventry to the Duston plant located 12 miles away. Although the Daventry bearing plant will close in 15 months, the majority of the work force will be offered the opportunity to transfer to the combined operations. This will enable British Timken to improve profitability and reduce its break-even level, thereby serving the interest of Timken Company shareholders.
 "For some time, we have been evaluating the feasibility of continuing to operate in both locations," said Tucker. "The continued worldwide recession, its profound impact on Europe and the subsequent erosion of current demand for tapered roller bearing products have spurred this action to reduce our fixed costs. The result will enhance our position in the marketplace, thereby strengthening the future of British Timken.
 "Of paramount concern to us has been the likely impact of this change on our customers and associates," said Tucker. "For customers, the relocation of operations in Duston will lead to improved customer satisfaction. We also will be offering job opportunities at the Duston site to more than 170 of Daventry's 290 associates. Nearly 80 percent of production will be relocated there. Associates leaving the company will receive a severance package and assistance in procuring other jobs."
 During the past few years, The Timken Company (NYSE: TKR) consistently has increased the efficiency and effectiveness of its operations around the world. Eventual plant consolidation costs were accounted for in the larger program announced in 1991 to improve results. Thus, no significant financial impact will occur in 1993.
 "Positive steps to cut administrative costs and improve efficiency in all areas is resulting in a global organization equipped to adapt to the highs and lows of our cyclical industry," said Tucker. "Throughout this time, satisfying the expectations of our customers has remained our prime objective. The consolidation of manufacturing at Duston is the latest of several actions taken recently to strengthen our ability to compete worldwide. We will continue to manufacture and deliver Timken tapered roller bearings from a UK base shaped to match demand as well as exceed customers' expectations for total quality, cost and service."
 The Timken Company began manufacturing tapered roller bearings in the UK in 1909, and British Timken Limited was established in 1920. The Duston bearing plant started manufacturing bearings in 1942, mainly for military equipment. During the past decade, the company has invested more than $65 million in its Duston operations, which today employs more than 1,200 people.
 British Timken's Daventry bearing plant was designed and built in 1953 and, the following year, began manufacturing large-size bearings for use in rolling mills. Today it also produces bearings for the off- highway and machine tool industries as well as bearings used in aerospace and railway applications.
 The Timken Company is a leading international manufacturer of highly engineered bearings and alloy steels. The company employs more than 16,500 people worldwide and recorded 1992 sales of more than $1.6 billion.
 -0- 3/23/93
 /CONTACT: Keith Price of The Timken Company, 216-471-3825/
 (TKR)


CO: The Timken Company ST: Ohio IA?UT SU:

BM -- CL003 -- 9251 03/23/93 09:22 EST
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Date:Mar 23, 1993
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