The Timken Company (NYSE: TKR) recently has joined leading automotive suppliers in a study of business-to- business Internet-enabled technologies.

The group includes Dana Corporation, Delphi Automotive Systems Corporation, Eaton Corporation, Motorola Inc., TRW Inc., and Valeo S.A. The companies plan to address technology issues facing the industry and identify business-to-business technology solutions.

"E-business is transforming the way business is conducted. We recognize opportunity in that transformation to leverage our technology leadership for profitable growth of the company and the industry," said Karl P. Kimmerling, president - automotive - The Timken Company. "At the same time, we'll avoid the redundancy which could result from developing individual approaches to common opportunities. The result will be increased value for both our customers and shareholders."

"We believe that this joint effort will complement the initiatives of both our original equipment and independent aftermarket customers," said Thomas W. Strouble, senior vice-president, e-business. "It will likely enable rapid development of systems and standards to significantly improve supply-chain management, customer support initiatives and aftermarket activities. We are confident that significant opportunities exist to improve the business processes between ourselves and both our customers and suppliers. These opportunities include reduction of costs through common approaches and improved velocity of all interactions from product concept to delivery.

The Timken Company provides original equipment and replacement bearings and related parts, as well as alloy steel and precision steel components, to automotive markets worldwide. The company specializes in designing innovative solutions for applications that include axles, wheels, transmissions, transaxles, crankshafts and other powertrain components.

The Timken Company (NYSE:TKR ) is a leading international manufacturer of highly engineered bearings and alloy steels with operations in 24 countries. The company employs 21,000 people worldwide and reported 1999 sales of U.S. $2.5 billion.

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