Dec. 16, 2011
/PRNewswire/ -- AJAX Rolled Ring & Machine (
) announces a 15,000-square-foot expansion of its
facilities. The expansion will bring nine new jobs to the area in 2012, with 25 new jobs expected over time. This
facility is the first significant plant expansion at AJAX since the operation was established in
AJAX Rolled Ring & Machine is a premier supplier to the North American industrial ring rolling market. The new facility will expand AJAX's machining capacity and capabilities, and will allow AJAX to supply finish-machined rings to exacting specifications as required by its customers. The company serves the bearings industry, including The Timken Company and SKF Group, and gear manufacturers. It also serves OEM (original equipment manufacturer) customers such as Caterpillar, General Electric and Joy Global/ P&H Mining.
A groundbreaking ceremony will take place on
Monday, December 19
2:00 pm to 4:00 pm
at 500 Wallace Road. Expected to attend are
J. Edward Lee
and many state and local dignitaries.
"This is an exciting first step in our long-term growth strategy," says AJAX CEO
. "Expanding our machining operations is a logical progression for AJAX, allowing us to grow our business and provide more value to our customers."
AJAX has approximately 100 employees, some of whom have been with the company since it rolled its first ring.
AJAX is a wholly owned subsidiary of
based Prospect Capital Corporation (NasdaqNM: PSEC), a public equity company with assets exceeding
SOURCE AJAX Rolled Ring & Machine