The Timken Company will increase its annual steelmaking capacity by 120,000 tons across its steel manufacturing facilities in Canton, Ohio. The company is achieving this boost through a series of improvements at its Harrison Steel Plant that build upon and further leverage the $60 million rolling-mill investment completed there in 2008. Additional investments and crew additions being made over the next few months will enable a further increase in output and will allow the company to optimize production loads between its Harrison and Faircrest plants.
The changes will effectively create new capacity at both of these steel facilities to support growing demand for finished bar products and billets for tubing product that serve customers in the global industrial, oil and gas, and mobile markets. Over the last two years, continuous improvement efforts at the Harrison plant allowed the company to achieve record output well beyond the new mill's original design.
Timken Increasing Capacity
April 19, 2011