Timken says a new labor agreement with the United Steelworkers clears the way for it to proceed with a $225 million investment at its Faircrest steel plant in Stark County, Ohio. The maker of bearings, gears and related components says the project will improve productivity, expand product range and increase capacity to meet the growing demand for its specialty alloy-steel bars. Timken says a new ladle refiner and large-bloom continuous caster are central to the productivity gains ...

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