Timken Expanding Steelmaking Capacity

The Timken Company plans to 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 the $60 million rolling-mill investment completed there in 2008.  

Over the last two years, improvement efforts at the Harrison plant allowed the company to achieve record output well beyond the new mill's original design. Additional investments and crew additions 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 company claims. 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, which serve customers in the global industrial, oil and gas, and mobile markets.

"We are expanding our capacity to better serve customers who need high-performance steel," says Sal Miraglia, president of Timken's steel business. "We understand that it takes a nimble company to ramp up for economic recovery and also adjust production to serve our customers' most critical, demanding application requirements. These changes will give us greater flexibility in our processes, support our efforts to improve delivery performance, and provide much-needed capacity to serve growing sectors of the global marketplace."

The plant is expected to reach full volume within six to 12 months, depending on testing, product mix, specifications and other customer requirements. "We are investing additional resources to increase throughput and improve customer service in very constrained market conditions," says Miraglia.

This latest round of improvements to increase capacity follows a series of more than $200 million in advanced technology investments the company has made at its Canton steel operations since 2006. In February, Timken announced it would invest $35 million to install a high-volume, in-line forge press at its Faircrest rolling mill that will be one of a kind in the United States. Last year, the company announced $50 million in capital improvements to its Harrison and Gambrinus steel plants. 

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Friday, August 26, 2016