Republic to Invest in Precision Sizing Mill for Lackawanna Operation
04/25/2008 - Republic Engineered Products will invest approximately $20 million in a precision sizing mill and related equipment for its Lackawanna steel rolling facility.
Republic Engineered Products announced plans to invest approximately $20 million in a precision sizing mill and related equipment for its Lackawanna steel rolling facility, located in Blasdell, N.Y.
The company has contracted the Friedrich Kocks company of Germany to supply a 370++ RSB/5 precision sizing mill. The new, state-of-the-art mill will enable Republic to produce round and hex-shaped bars and coils with even-closer tolerances for near-net forging and cold-forming applications, including Republic’s current customers in the domestic and international automotive, capital equipment, forging, and fastener industries.
“We’re pleased to make this investment in our Lackawanna facility,” said Jaime Vigil, Republic's President and CEO. “This plant—thanks to the skilled workforce there—has been an excellent performer for several decades. The new equipment will be an important component in ensuring that Republic maintains its position as North America's leading producer of special bar quality steel.”
The project is scheduled to be completed during the fourth quarter of 2009.
Republic Engineered Products is a leading North American supplier of special bar quality (SBQ) steel. With headquarters in Fairlawn, Ohio, the company operates steelmaking centers in Canton and Lorain, Ohio, and value-added rolling and finishing facilities in Canton, Lorain and Massillon, Ohio; Lackawanna, N.Y.; Gary, Ind.; and Hamilton, Ont. Republic employs approximately 2500 people, and the Lackawanna plant has more than 300 United Steelworkers and salaried employees.
