Timken Invests $14 Million to Increase
Steel Capacity – The Timken Company announced that it had
invested $14 million in a new thermal treatment facility
at its steel plant in Canton. The investment will increase
Timken’s capacity to produce heat-treated steel bars
and tubes suited for use in the energy and industrial market
sectors. The new facility (34,000 sq.ft.) will begin operations
in December 2008 and is expected to reach a capacity of 45,000
tons per year. The new facility will also have the flexibility
to produce steel bars and tubes with metallurgical properties
suitable for other markets. Bob Keeler, vice president of
sales for Timken Steel, said that the added capacity allows
Timken to better meet strong demand for steel in energy and
industrial market sectors that require precise mechanical
properties for the most demanding steel applications. Timken’s
$60 million previously announced investment in its steel
rolling mill operations will start production later this
year also. To read more about the new facility, click
here.
Diebold Chosen by U.S. Postal Service to Implement
Nationwide Security Program – The United States Postal Service
(USPS) is capitalizing on the national presence, IT, and
security expertise of Diebold Incorporated to implement a
multi-site, technologically-advanced video security system.
With more than 40,000 sites across the country, the USPS
has selected Diebold Security to manage this nationwide implementation
under a three-year agreement. The contract has the potential
to span more than 12 years. Diebold Security will install
IPv6-compliant cameras, encoders, software, and networking
equipment, as well as provide education and training along
with maintenance and support services. The architecture of
the new surveillance system will offer USPS unprecedented
access to high-quality video and enhanced mobility, security,
and network management features. Thomas W. Swidarski, Diebold
president and CEO, had this to say: “Diebold is one
of only a few security integrators with the infrastructure
and technological expertise to undertake such an extensive
project and deliver an integrated video security system.
We can offer large agencies like the USPS comprehensive capabilities
to ensure a smooth migration from the older platform, as
well as the security know-how to ensure they are deploying
the most effective video security systems available.” To
read more about this nationwide contract, click
here.
Ohio’s Economic Development Strategic Plan Released –“Ohio,
Home of Innovation and Opportunity” is a forward thinking
strategic plan to change the trajectory of Ohio’s economy
by purposefully redesigning our business climate to increase
the global competitiveness of Ohio’s employers. In
addition to the release of the strategic plan, in June Ohio
enacted a $1.57 billion economic stimulus plan to create
thousands of new, good-paying jobs for Ohioans in growing
industries of the future. To view the complete strategic
plan, click on the Ohio
Department of Development site.
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