Canton, OH — The Timken Company plans to invest about US$5 million in a new induction heat treat line at its steel plant in Canton, Ohio, that will increase capacity on heat-treated steel bars and tubing.
The new line will harden (quench and temper) bars and tubes up to 7 in. in diameter. It also will be capable of other heat treatments, such as normalizing and stress relieving. As a result of the investment, overall plant capacity will increase across size ranges up to 11 in. in diameter.
“The added capacity will allow us to capitalize on significant opportunities in the global energy, industrial, automotive and distribution markets,” said Linn Osterman, vice-president of sales and marketing for Timken’s Steel Group. “This investment represents our continuing search for value-added opportunities as part of Timken’s broader strategy to drive profitable growth.”
Installation of this new line is expected to begin in January 2007 with completion by the end of March 2007.