Timken to invest $50 million in its Ohio steel operations
Canton, OH -- The Timken Company will invest approximately $50 million in its steel operations in Canton, OH. ...
Canton, OH — The Timken Company will invest approximately $50 million in its steel operations in Canton, OH. Slated to begin this year, the investment is for the installation of a new intermediate finishing line at the Gambrinus Steel Plant and expansion of the steel lay-down yard at the Harrison Steel Plant’s small-bar mill.
Timken’s Steel Group has had a significant increase in demand across all markets, and 2010 sales are expected to increase by 70% to 80% compared to 2009. “The investments have the goal of both meeting demand and continuing to improve the long-term competitiveness of our operations,” said Sal Miraglia, president – steel for Timken.
The installation of a new intermediate finishing line at the Gambrinus Steel Plant, the larger of the two projects, will improve manufacturing competitiveness with a more efficient operation that incorporates the latest technologies and employs lean processes. It will be built in a combination of unused and repurposed buildings on the Gambrinus site. The line, which will more efficiently handle both bar and tube products, ultimately will replace existing batch-type finishing processes at the plant when it is fully operational in 2013.
“The more automated, continuous line will streamline our operations, improving manufacturing effectiveness as well as providing future marketplace opportunities,” said Miraglia. “Safety and productivity will also improve, by minimizing unnecessary handling.”
The small-bar mill at the Harrison facility, which opened in 2008, continues to increase its output in response to demand, requiring additional space in the lay-down yard outside the mill for both finished and semi-finished steel. Expanding the yard necessitates the demolition of several adjacent, unused buildings. This project will be completed by year end.