CANTON, Ohio, Nov. 2, 2017 /PRNewswire/ -- TimkenSteel
(NYSE: TMST, timkensteel.com), a leader in customized alloy
steel products and services, has brought its newest
thermal-treatment asset, the advanced quench-and-temper facility,
online and has begun processing customer orders. The addition of
the $40 million facility, located at
the company's Gambrinus Steel Plant in Canton, Ohio, increases TimkenSteel's existing
quench-and-temper capacity by 50,000 tons or 45 percent and brings
the company's total annual thermal-treatment capacity to 500,000
process tons.
"We're pleased to bring this newest asset online now that market
demand for thermal-treated bars and tubes has increased," said
Tom Moline, executive vice president
of commercial operations. "The advanced quench-and-temper facility
is the largest of our four thermal-treatment facilities, and
enables us to meet customer needs faster and at more precise
specifications. In addition to servicing automotive applications,
this will be especially beneficial for our oil and gas customers'
most demanding applications in down-hole tools and top-of-hole
infrastructure."
TimkenSteel announced its plan to build the advanced
quench-and-temper facility in October
2014. The company announced earlier this year that it
expected startup to occur in the fourth quarter, after deferring
commissioning of the facility in response to market conditions.
Manufactured by SMS Group with custom modifications made by
TimkenSteel's in-house team of scientists and engineers, the
facility can accommodate 4-inch to 13-inch bars and tubes.
About TimkenSteel Corporation
TimkenSteel (NYSE:TMST,
timkensteel.com) creates tailored steel products and services for
demanding applications, helping customers push the bounds of what's
possible within their industries. The company reaches around the
world in its customers' products and leads North America in large alloy steel bars (up to
16 inches in diameter) and seamless mechanical tubing made of its
special bar quality (SBQ) steel, as well as supply chain and steel
services. TimkenSteel operates warehouses and sales offices in five
countries and has made its steel in America for 100 years. The
company posted sales of $870
million in 2016. Follow us on Twitter @TimkenSteel and on
Instagram.
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SOURCE TimkenSteel Corporation