Aug. 7, 2014
TimkenSteel Plans Additional Heat-Treat Capacity
TimkenSteel Corp., Canton, Ohio, plans to open an additional continuous heat-treat facility in the United States. The $40 million investment is designed to produce more value-added steel for more demanding applications.
The company is evaluating locations for the continuous thermal heat-treat operations and plans to make that decision in the third quarter. The facility would be fully operational within two years and have capacity for 50,000 process-tons annually of 4-inch to 13-inch bars and tubes. It would be larger than each of the company's three existing thermal treatment facilities in Canton.
"Many of the applications we serve require higher performance steels that give our customers confidence as they push the limits of what's possible. This investment is foundational to our ability to grow some of our most unique and sophisticated product lines to meet those needs," says Shawn J. Seanor, executive vice president of Energy and Distribution. "Additional continuous heat-treat capabilities provide the flexibility to create more customized steels to serve energy and other markets that have a strong long-term outlook."
TimkenSteel Corp. was spun off from The Timken Co. earlier this year and is now an independent, publicly traded steelmaker.