News

Shareholders of The Timken Company approved a non-binding proposal to sell off the Canton, Ohio, company’s steel business, a prospect that has been building among activist shareholders for about six months. At Timken’s annual meeting, approximately 47 percent of the outstanding shares endorsed the spinoff, and 41 percent opposed it. Of the shares voted, approximately 53 percent favored the proposal and 47 percent opposed it....More

Kobe Steel Ltd. announced that its aluminum forging plant in China has completed its second-phase expansion, and said all the equipment is in full production....More

Ohio Star Forge in Warren, OH, will start a $20-million expansion project soon, and the steel forger expects to complete the effort before year’s end....More

India’s Amtek Auto Ltd. reached an agreement to acquire Neumayer Tekfor Group, a producer of automotive forgings headquartered in Germany and with nine plants and service centers worldwide....More

SMS Meer, a plant engineering company and major equipment builder for steel and nonferrous metal producing has acquired Girard Associates, an Ohio-based engineering company....More