This is the first edition of a new monthly newsletter, published by the Stark Development Board, that will begin to highlight some of the important news events and projects that will be making a positive impact upon our economy and the future of Stark County.

Timken Invests $ 60 million In Canton – The Timken Company announced this past January, 2007 that it will invest $60 million in its steel rolling mill operations in Canton, Ohio to increase the companie's capability to produce differentiated steel products. This investment will enable Timken to competitively produce steel bars down to 1-inch diameter for use in power transmission and friction management applications for a variety of customers, including the rapidly growing automotive transplant companies like Honda, Toyota and Nissan. The 76,000 square-foot addition will be built at the Harrison Steel Plant in Canton. The project will include expanding rolling, finishing and inspection capabilities. Construction is expected to begin in mid-June, with completion expected in mid-2008. Once completed, Timken expects to add approximately 30 new positions to operate the small-bar mill. For more detail, click here.

Rolls-Royce Launches US Fuel Cell Business in Stark County – Rolls-Royce, a world leading provided of power systems and services for use on land, at sea and in the air, announced on October 27, 2006, that its fuel cell business has launched a subsidiary in the United States to house their US headquarters and technology center. After studying multiple locations throughout the country, Rolls-Royce decided to locate on the campus of the Stark State College of Technology in Canton, Ohio at the new Fuel Cell Prototyping Center that was completed early in 2006. For more detail on Rolls-Royce and their decision, click here.

Rolls Royce Makes Another Significant Decision – On April 3, 2007, Rolls-Royce, announced that it has enhanced its global fuel cell capability with the strategic acquisition by Rolls-Royce Fuel Cells Division (US) of Ohio-based SOFCO-EFS from McDermott International, Inc. Founded in 2003, the SOFCO-EFS’ research and development team has proven expertise in the fuel processing technologies, advanced research and development of Solid Oxide Fuel Cell (SOFC) materials and stacks, and advanced system integration capabilities. This acquisition also underscores the commitment Rolls-Royce is making in development SOFC systems for megawatt-scale, stationary power applications with the business goal of introducing a competitive product in this decade. For more detail on this story, click here.

Hydrodec Announces First U.S. Plant To Be Located in Canton – Hydrodec Group plc, headquartered in London with operations in Australia, has recently announced that it will be constructing its first North American plant in Canton, Ohio. The company will be investing over $11 million to compete a new "green" facility that will make high-performance transformer oil refining through a globally patented, environmentally sensitive process. using a new environmentally sensitive process for sale back to the utility and transformer industry. The City of Canton was chosen due to its location is one of the major industrial regions in the U.S., close to both the suppliers of feedstock oil and potential Superfine transformer oil customers.

The State of Ohio and the City of Canton have also provided a package of incentives to Hydrodec with a total value almost $2 million. The company will be hiring 65 persons, with an average salary of over $65,000. The new plant, located at the Stein Industrial Park near U.S. 30 and State Route 43 should be operational during the first half of 2008. For more detail, click here.

Stark Development Board
116 Cleveland Ave. NW
Canton, OH 44702
(330) 453-5900
Fax: (330) 453-1793