TimkenSteel recently opened a $5 million technology center at its Northeast Ohio corporate campus.
“The new TimkenSteel Technology Center, along with the talent across our entire team, enhances our ability to develop the SBQ steel that our customers need to solve their toughest challenges,” Ray Fryan, vice president of technology and quality, said in a written statement.
Steel cleanness is important for high performance in critical products such as gears, bearings, axles, crankshafts, down-the-hole drilling equipment and military applications.
The tech center has a dozen laboratories, including a brand new scanning electron microscope, an ultrasonic lab, a physical process modeling lab and additional labs where metallurgists and materials scientists can test steel and find inclusions less than the width of a hair.
The 20,000-square-foot facility, allows the company to boost levels of steel performance from the company’s almost-new $225 million jumbo bloom vertical caster at the Faircrest Steel Plant in Canton.
TimkenSteel made its debut on the New York Stock Exchange almost a year ago as a separate company from its previous partnership.
Operating in five countries, TimkenSteel makes steel in six plants throughout the U.S., including three in Canton, and employs 2,800 workers. It posted sales of $1.7 billion in 2014 and was named 2015 Steel Producer of the Year by American Metal Market, according to the company’s website.