Timken adds inline forge press

The Timken Company plans to invest approximately $35 million to install a high-volume, in-line forge press at its Faircrest rolling mill facility in Canton, Ohio. This investment comes on the heels of the $50 million commitment in capital improvements initiated at the end of 2010 at its other steel facilities in Canton.

Slated to begin operation in early 2013, the addition of the in-line forge press will generate value, lower costs andexpand product capabilities.