"Our investment in additional value-added operations feeds growing sales of our most sophisticated product lines, which meet the needs of demanding applications in energy and other markets," said Shawn J. Seanor, executive vice president of Energy and Distribution. "Our decision to locate the new operation near our Canton facilities offers us operational benefits and comes after strong state and local support."
 
The US$40 million facility, which will be fully operational within two years, will perform heat-treat operations and have capacity for 50,000 process-tons annually of 4-inch to 13-inch bars and tubes. It will be located in Perry Township on the site of TimkenSteel's Gambrinus Steel Plant near three existing thermal treatment facilities. Perry Township, Stark County and JobsOhio were instrumental in providing support for the project.
 
TimkenSteel's energy offerings serve global equipment manufacturers and service companies with customized products and services for their most demanding applications in down-hole tools and top-of-hole infrastructure. The company's integrated supply chain solution combines high-performance material, industry-leading thermal treatment, proprietary machining processes and responsive delivery capabilities.
 
TimkenSteel's products reach all corners of the globe to serve a diverse client base, including those in the oil and gas, automotive, industrial equipment, mining, construction, rail, aerospace, heavy truck, agriculture and power generation industries.