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TimkenSteel to Close Material Services Facility in Houston
Release time：Nov 22, 2019 From：admin
TimkenSteel Corporation announced plans to close its TimkenSteel Material Services facility in Houston in Texas in the first quarter of 2020. The 100,000-square-foot operation currently employs approximately 100 people who provide precision value-added and finishing services, primarily to customers that service the energy market. Mr William Bryan, executive vice president of manufacturing and supply chain, said "We are focusing on our core strengths of making and heat treating steel and more fully utilizing our supply chain to provide the value-added services required by our customers. This change to how we serve the evolving energy market will improve the company's financial performance.”
As a result of the plant closure, the company expects to realize approximately USD 6 million to USD 8 million of annual savings.
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