CHICAGO Timken Co. has
completed three capital investment projects totaling $85
million at two of its steel production plants in Ohio.
The Canton, Ohio-based steel and
bearings maker installed an open-die in-line forge press at its
Faircrest plant, while installing an intermediate finishing
line and a second induction thermal treatment line at the
Gambrinus plant. Both plants are located in Canton.
The 3,300-ton forge press uses a
large-bar, forged-rolled process that allows Timken to
guarantee center soundness for a larger cross-section of
special bar quality (SBQ) products, aerospace and steel group
president Richard G. Kyle said in a statement. The addition,
along with Timkens recent investment in an ultrasonic
test large-bar inspection line, gives the company the ability
to produce sound bars up to 16 inches in diameter.
Gambrinus new intermediate
finishing line is more efficient than prior processes, advances
testing quality, cuts processing times and has an
environmentally friendly water jet descaling spray system that
replaces the former pickling process, Timken said.
The second induction thermal
treatment line adds about 40,000 tons per year of normalized
capacity. Used in conjunction with existing thermal treatment
assets, it will boost quench-and-temper capacity by 20,000 tons
per year, Timken said.
The three projects are part of a
planned investment of more than $500 million in Timkens
Ohio steel plants, Kyle said.
At Faircrest, construction
continues on a second ladle refining station that is set to
start later this quarter and a vertical jumbo bloom continuous
caster due for start-up in the second half of 2014, the company
Timken is embroiled in a proxy
fight with investors Relational Investors LLC and the
California State Teachers Retirement System (CalSTRS),
who are pushing the company to spin off its steel business (
amm.com, March 22). The annual shareholders
meeting is May 7.