TimkenSteel will invest $9M in Eaton facility (US)

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EATON, OHIO — A steel corporation plans to reinvest in its Preble County factory later this year, with hopes that the efforts will add 12-14 new jobs at the facility. TimkenSteel, 401 Industrial Drive, recently announced plans to put $9 million into the Eaton facility, allowing it to increase capacity and accommodate operations that previously had been outsourced. “This is really a good way for us to continue to give back to the Eaton and Preble County communities,” plant manager Jeremy Linder said Wednesday. “We really pride ourselves on what we do here, and I think this is only going to help us further our efforts to make high-quality products for our customers.” The Eaton plant is one of four TimkenSteel sites in Ohio, the other three of which are in the northeastern part of the state. The corporation also has plants in North Carolina and Texas, according to its website. The facility has produced customized alloy steel products for the automotive industry since 1993. The company worked with the city of Eaton and the Preble County Economic Development Partnership on the reinvestment, Linder said.

The facility employs just fewer than 85 people and expects its investment will bring 12-14 more jobs by the end of June, when the company plans to start operating the new space. The jobs will be computer numerical control machine and manufacturing positions that will be added to help keep costs low and help TimkenSteel “control more of the process path,” Linder said.

The jobs that are being added currently are performed by subcontracted factories elsewhere.

“This is an exciting step for our factory,” Linder said. “We know there are a lot of talented people who could be helped by the addition of these jobs, and we are eager to continue finding great new talent to bring into the (company).”

The decision to reinvest in the plant comes at a time when other nearby factories are making similar moves. In Richmond, at least three have announced plans to invest in their own production lines. Two of them are investing $1.8 million apiece with hopes of creating up to 51 new jobs between them.

Omen USA, which will be headquartered in Richmond, also plans to hire up to 50 people by the end of this year.

Source :

http://www.pal-item.com/story/money/business/2017/03/08/timkensteel-invest-9m-eaton-facility/98599690/

 

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