Sept. 17, 2014
Charter to Expand Processing Capabilities
Charter Steel plans to increase the steel rod and wire coil processing capacities at its facilities in Saukville and Fostoria, Ohio. Charter executives say the expansions will allow the company to build and improve on its service model.
"Charter Steel serves a wide variety of customers in the automotive, heavy truck, rail, construction, mining, agriculture, construction, furniture and energy segments of the steel wire rod market," says Bob Venable, vice president and general manager. "As our business grows, this expansion of our capacity and capabilities will allow us to continue to deliver high quality, fully processed coil products to our customers on the date promised."
In Fostoria, the project will add four short-time-cycle annealing furnaces, increasing capacity by more than 50 percent. Two furnaces are expected to be operational by the fourth quarter of 2015, with two more coming online in 2016.
The addition will complement the Fostoria facility's No. 2 coil cleaning line, which is being upgraded to double the plant's acid cleaning and lubricant coating capacity. More than 52,000 square feet of inside coil storage space is also being added to accommodate increased output.
The Saukville project will add 63,000 square feet of inside coil storage space, allowing for increased manufacturing efficiencies and greater throughput for one of the plant's three coil cleaning lines. Construction is expected to be completed in the fourth quarter of this year.
"These are important upgrades that will put Charter Steel in an even stronger position to continue to provide a high quality product, on time," Venable says.