The Timken Co. plans to double the size of its facility near the Akron-Canton airport and move workers there from offices in downtown Canton. The company said consolidating its workers to one location will cut leasing costs and allow for more collaboration.
View full sizeThe Timken Co. plans to build a new $42 million office complex near the Akron-Canton Regional Airport. The new building would connect to an existing research center Timken has there. Pictured is an artist's rendering of the new project.CLEVLEAND, Ohio -- The Timken Co. plans to build a new $42 million office complex adjacent to its existing research and development facilities near the Akron-Canton Regional Airport.
When completed toward the end of next year, Timken will move 500 workers from a building in leases in downtown Canton to the new office complex, doubling the number of workers it will have at the airport-area complex.
The Canton-based industrial equipment and steel supplier said moving some of its sales, marketing and customer service employees to the new facility should allow for more collaboration with engineers and researchers.
Timken will keep its corporate headquarters in Canton at a building it has owned for about 100 years. The new office building is the latest Northeast Ohio investment from a company that has been spending heavily in recent months to expand.