Timken is investing $50 million in its steel facility in Canton, Ohio. The project, scheduled to start this year, will fund the installation of a new finishing line at the Gambrinus Steel Plant and expand the steel lay-down yard at the Harrison Steel Plant.
"The investments have the goal of both meeting demand and continuing to improve the long-term competitiveness of our operations," said Sal Miraglia, president of steel for Timken.
The Gambrinus project will improve manufacturing competitiveness by making operations more efficient. It is expected to be fully operational by 2013.
The Harrison project will expand the space of its steel lay-down yard, and is expected to be completed by the end of the year.