Timken Announces $35 Million Investment in Canton – On
February 1, The Timken Company announced that it will invest approximately $35 million to install a high-volume, in-line forge press at its Faircrest steel rolling mill facility
in Canton. The addition of the in-line forge press will generate value by increasing capacity,lowering costs through improved yield, expanding product capabilities to meet ultrasonic specifications
that are more demanding, and by reducing cycle time in larger products. The investment will provide particular value to customers in markets where Timken’s high performance steel
products are most critical to performance in extreme operating conditions, such as in the oil and gas industry, heavy machinery, wind energy, and power generation. Timken has made a series of investments
in its steel operations since 2006, totaling more than $200 million. These investments have been advanced technology investments focused on improving productivity and developing new products to serve Timken’s present and future customer base. Timken’s steel group produces some of the cleanest, highest quality steels in the world for the most demanding applications. To read more about Timken’s investment, click on this Canton Repository article.
Two Stark County Companies Receive State of Ohio Support – Rolls-Royce Fuel Cell Systems, Inc. and Delta Media Group, Inc. were awarded State of Ohio program support in January. Rolls-Royce was awarded a grant through the Ohio Third Frontier Fuel Cell Program. They will receive $999,875 in collaboration with RoviSys Company for the project “Automation and Demonstration of Pilot-Scale Manufacturing for Solid Oxide Fuel Cells.” The project is further developing a measurement system for assessing real-time print quality of fuel cell layers and implementing a system for the automated process control and traceability from raw materials to finished products. Delta Media Group has been awarded a 45 percent Job Creation Tax Credit for a five-year term as a result of the company’s expansion in Jackson Township. The value of the tax credit is estimated at $124,813 over the term, and the company would be required to maintain operations at the project site for 10 years. Delta Media is a technology company providing Website services, intranet services, customer relationship management systems, lead management, and distribution systems to the real estate industry. The project is expected to create 79 jobs and retain 36 positions. To read about Rolls-Royce’s grant, click here; to read about Delta Media’s tax credit, click here.
Stark County 8th Graders Outperform Nation on EXPLORE Test – Last fall, 3,639 Stark County 8th graders across all 17 school districts took the EXPLORE test. On every measure, they outperformed the national average. EXPLORE measures achievement in math, science, reading and English for 8th and 9th graders against a series of college readiness standards that predict whether students are on track to succeed in college or the workplace. EXPLORE is part of the ACT system which tests students in the 11th and 12th grades. The test allows parents to check the progress of their children, and results enable school districts to assess how well their school curriculum aligns with the future needs of students. The Stark Education Partnership and the Ohio College Access Network provided funding for EXPLORE. To learn more about the test scores, click on this Stark Education Partnership e-newsletter.