AJAX Rolled Ring & Machine has announced a 15,000-square-foot expansion of its York facilities and the eventual addition of 25 jobs.
The expansion will bring nine new jobs to the area in 2012. The $2-million facility is the first significant plant expansion at AJAX since the plant opened York in 1980.
AJAX Rolled Ring & Machine is a premier supplier to the North American industrial ring rolling market, according to a company news release.
The new facility will expand AJAX’s machining capacity and capabilities, and will allow AJAX to supply finish-machined rings to customers.
The company serves the bearings industry, including The Timken Co. and SKF Group, and gear manufacturers. Other customers are Caterpillar, General Electric and Joy Global/ P&H Mining.
A groundbreaking ceremony is scheduled for 2 p.m. today.
"This is an exciting first step in our long-term growth strategy," says AJAX CEO Simon Ormerod. “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 New York based Prospect Capital Corporation, a public equity company with assets exceeding $800 million.