This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ajax Rolled Ring & Machine Expanding In York, S.C. And Bringing New Jobs To The Region

YORK, S.C., Sept. 19, 2012 /PRNewswire/ -- Ajax Rolled Ring & Machine ( is bringing new jobs to York County, South Carolina as it opens a new manufacturing facility at its York location.  The $2 million facility is the first significant plant expansion for Ajax since beginning operations in York in 1980.

Ajax Rolled Ring & Machine CEO Simon Ormerod says up to 25 new positions will be added over the next two years to operate the new machining facility.  Five positions have already been filled.  "This expansion will allow us to provide a more precisely manufactured product in a much shorter lead-time to our customers."

Ajax Rolled Ring & Machine is a supplier of seamless steel forged rings ranging from 12 inches to 100 inches in diameter.  The large rings can weigh more than a ton. These rings are primarily used for large gears and bearings, such as are used in large mining vehicles and wind turbines.

The new 15,000-square-foot climate-controlled facility allows Ajax to machine to the tight tolerances – within 1/1000 th of an inch – that their customers require. The climate-controlled conditions allow for tighter accuracy and control of the machining operation. The new facility also allows the company to expand its portfolio to produce new configurations and shapes of rings.

"We have the capability to expand the new machining facility even more in the future - up to 20,000 square feet.  Opening this facility is important to our long-term growth strategy," added Ormerod.

Ajax currently employs approximately 110 people at its York facility. A formal ribbon-cutting event for customers and those that have helped to make this expansion possible will be held Wednesday, September 19, 2012, at 10 a.m., followed by a tour of the new facility. Ajax's address is: 500 Wallace Way, York, S.C., 29745.

Ajax's majority shareholder is Prospect Capital Corporation (NasdaqNM: PSEC), a publicly traded investment company making debt and equity investments into U.S. middle market businesses.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs