Timken Evaluates $225M Investment for New Capacity at Faircrest Steel Plant in Ohio

The Timken Company TKR is considering an investment of $225 million at its Canton, Ohio-based Faircrest Steel Plant that would increase capacity, expand product range and strengthen competitiveness of Timken® alloy steel bars. A ladle refiner and a new large-bloom continuous caster would be central to the investment, targeted to begin production in 2014.