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Steel maker Timken Co. invests $50 million in Ohio

Bearings and specialty steel maker Timken Co. says it will invest $50 million in its steel operations in Canton, Ohio, to help keep up with increasing demand, reports the Associated Press.

The money will pay for installation of a new intermediate finishing line at the Gambrinus Steel Plant, which will improve efficiency and incorporate new technologies and processes. The line is expected to be fully operational in 2013.

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