The Timken Company Hosts CNBC’s Jim Cramer – The Timken Company and the oil and natural gas rich Utica shale are part of an American industrial comeback, according to CNBC investment show host Jim Cramer. On Oct. 18, CNBC’s “Mad Money” with Jim Cramer was at Timken’s Faircrest Steel Plant in Canton, Ohio, as a guest of Jim Griffith, president and CEO of The Timken Company. Cramer said he chose to come to Faircrest “to tell a story that hasn’t been told about this time in American history and how there’s a renaissance going on. I’m convinced the renaissance is real, and it’s going on at Timken Company,” he told the Repository during an interview at the plant where the company is making a $260 million investment to boost steel making capacity. Cramer also spent time at a Chesapeake Energy drilling rig in Carroll County, OH, where he interviewed CEO Aubrey McClendon about the Utica shale play in eastern Ohio. In addition to natural gas, the Utica appears to be rich in oil and natural gas liquids. The rigs that Chesapeake uses to drill in the Utica use Timken technology to help deliver oil and liquids to the surface. To read about Jim Cramer’s visit to Canton, click on this Repository article. To watch the Jim Cramer interview with Jim Griffith, click here. To watch the Aubrey McClendon interview, click here.
Stark State Awarded $3.26 Million for Oil and Gas Training – Stark State College has been awarded $3.26 million in grants from the Department of Labor (DOL) and from The Timken Foundation to fund oil and gas related labs and equipment at the Energy Innovation Center. The Energy Innovation Center will be located at the downtown Canton Satellite Center that was funded in February with a $10 million grant from the state of Ohio. The $2.76 million from DOL and $500,000 from The Timken Foundation will fund education training systems for associate degree and certificate programs related to the growing oil and gas industry in eastern Ohio. The $2.76 million is part of a $14.9 million grant that Stark State collaborated on with the Pennsylvania College of Technology Consortium. These funds will also cover costs to create and supply training labs for the following: oil and gas instrumentation and electronics, geographic information systems (GIS), geology, drilling, production and welding. In addition, the funds will cover development of ShaleNET-US and Lease Operator labs which include mock-ups and supplies for well head, tank battery, pump jack, natural gas suppression and production/well site training. “These DOL awards are highly competitive, and the funds will benefit our local economy through a better-trained workforce ready to work for oil and gas companies,” stated Para M. Jones, PhD, president of Stark State College. To read more about the DOL grant, click on this Stark State College news release.
Ohio is Designated As a Top Five Fuel Cell State – For the third consecutive year, Ohio has been designated as a “Top Five State” in the recent release of Fuel Cell 2000’s State of the States: Fuel Cells in America 2012 report. The state of Ohio recognized the fit of fuel cells with its manufacturing base and planted the seeds to allow the fuel industry to flourish in the state. The Ohio fuel cell industry now includes a broad network of supply chain participants, several fuel cell integrators, community colleges with world class workforce training programs and university researchers solving problems and developing breakthrough technology. “Ohio has done a very good job of creating an environment to develop an industry around fuel cells, from people to components, to systems and subsystems. It’s unique,” said Mark Fleiner, co-president of LG Fuel Cell Systems (formerly Rolls-Royce Fuel Cell Systems). The Ohio Fuel Cell Coalition has been a leader in the fuel cell industry with its supply chain exchange events which offer a unique opportunity for suppliers from Ohio to connect with national and international fuel cell systems developers and manufacturers. Pat Valente, Executive Director of the Ohio Fuel Cell Coalition said, “Ohio is and will be playing a significant role in this new and emerging energy provider area.” To learn more about Ohio’s role in the fuel cell industry, click on the Ohio Fuel Cell Coalition Website.
Harvard’s Ash Center Recognizes Stark County’s “Science and Math on the Move” Program – The creation of a commonly-shared and highly mobile inventory of high tech science equipment that could serve all of Stark County’s 17 public school districts was first suggested by Ambassador W. R. Timken, Jr. in the early 1990s. The result was Science and Math on the Move (SAMM), one of the most enduring community-based collaborations in the nation to raise science and math achievement. On Sept. 25, SAMM was recognized by the Ash Center for Democratic Governance and Innovation at Harvard University’s John F. Kennedy School of Government as one of 111 Bright Ideas in Government for 2013. Launched in 1995 with the help of The Timken Foundation, SAMM has been supported by the National Science Foundation, all districts and area colleges, the Canton Joint Engineering Council, Canton Crime Lab, and the Paul and Carol David, Deuble, Diebold, H.W. Hoover, Hoover, Martha Holden Jennings, Fred F. Silk, Stark Community and The Timken Foundations. During the 2011-12 academic year, there were 664 district requests for SAMM equipment. Equipment was used for a total of 21,773 days by 25,548 students. To read more about the award, click on this Stark Education Partnership article.