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Timken to Supply Bearings
for Jindal Sponge Iron Kilns

April 17, 2004 — The Timken Co. has received a significant bearing order from India-based Jindal Steel & Power Limited, the world's largest coal-based sponge iron plant. The order, worth more than US$700,000, calls for Timken to provide Jindal Steel's Raigarh plant with two types of cylindrical roller bearings.

Jindal Steel placed the order to meet the growing demand for iron and steel in India. The new bearings will be used on six new sponge iron kilns planned for the facility. The plant currently is in the process of setting up four of the new kilns. Sponge iron facilities utilize a mixture of iron ore and coal to feed into an electric furnace for melting and steelmaking as an alternative to the more commonly used scrap steel.

Jindal also recently launched a universal beam rolling mill designed to produce 120-meter rails, the longest manufactured in India.

In addition to supplying new bearings, Timken works with Jindal Steel to provide bearing repair and hands-on training for its personnel while drawing upon the expertise of its global engineering and research facility in Bangalore, India, for continuous improvement and innovation.

The Timken Co. is a leading global manufacturer of highly engineered bearings and alloy steels, and provides related products and services with operations in 29 countries. A Fortune 500 company, Timken recorded 2003 sales of $3.8 billion and employed approximately 26,000 at year-end.

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