An Israeli technology company has committed to opening its U.S. headquarters in Akron, which would make it the first in what the city hopes will be a series of companies moving to Akron from the Middle Eastern nation.

Cellular Systems International Ltd. plans to open in April a 10-employee research-and-development office in the Akron Global Business Accelerator. The company, which has developed a technology aimed at remotely fixing problems on cell towers, didn’t “shop around” for a site because the city’s recruitment effort gave Cellular Systems the confidence Akron could provide the assistance it would need, said chief technology officer Eli Ben-Meir.

 

More below:

www.ohio.com

“It was quite simple,” said Mr. Ben-Meir, whose company will leave 10 employees in Israel to focus on a technology aimed at helping parking lot operators take payments without an attendant.

 

don't get me wrong, i'm all for attracting new business, but parking lot technology sounds anti-urban.

That's the Israeli location's goal, though.  The new Akron office is working on remote troubleshooting for cell towers.  Anyway, it's good for Akron and the rest of NEO to draw more Israeli businesses.

Cleveland and Israel have had a very interesting relationship, and I'm sure there's some overlap with Akron.  After the fall of the Soviet Union, the Cleveland Jewish Federation and Cleveland Jewish Community Centers helped bring in tens of thousands of Eastern European Jews into the states, many of whom stayed in Northeast Ohio. 

 

Cleveland is a very Jewish city.  Beachwood and Orange are two fantastic public school systems with an extremely high percentage of students being Jewish.  University School and Hawken - too nationally renowned private schools - also have an extremely high percentage of Jews. 

 

It makes sense that Israel and Cleveland (isn't Akron part of Clevland+) have continued business ties (especially in the biomedical fields, where both areas flourish), and hopefully we can continue building off one another.  It's always good hearing news like this since we already have a unique relationship with one another culturally and we really should expand our business one.

 

I think this could be the beginning of something big for Northeast Ohio. The more that come, the more that will come. And yes, this is one big metropolitan area. The more Cleveland, Akron, Canton stop fighting each other and work more together, the better. Notice that this company has already formed a relationship with Bird Technologies Group of Solon. This should definitely be a regional effort. And the region should cooperate on just about everything they attempt to do.

 

Nice biz story from the Beacon of a growing local company needing to move into a city for better services and LEED Gold to boot:

 

http://www.ohio.com/news/top_stories/17378479.html

 

 

Shearer's Foods to build headquarters in Massillon

Mayor hails expansion as great news for city; plant will create jobs

 

By Paula Schleis

Beacon Journal business writer

 

 

Published on Tuesday, Apr 08, 2008

 

Shearer's Foods Inc. will build a new snack-food plant and headquarters in Massillon, adding at least 180 new full-time jobs over the next three years, company officials said.  Some 60 people will move from the current corporate office in Brewster, where the infrastructure of the small Stark County village — including the wastewater system — won't support an expansion, Chief Executive Bob Shearer said.

CHOPPED

From the Beacon:

 

http://www.ohio.com/news/top_stories/17413464.html

 

Wooster company will add 150 jobs

State aids construction with $6 million in loans

 

By Paula Schleis

Beacon Journal business writer

 

 

Published on Wednesday, Apr 09, 2008

 

TechniGraphics Inc. of Wooster will construct a $6.2 million building on its campus and create 150 jobs in digital mapping and computer-assisted design over the next three years. Co-owner Mary Vaidya and Lt. Gov. Lee Fisher made the announcement before some 60 local business and community leaders, who gathered to cheer Wayne County's latest economic development coup. TechniGraphics has a dozen offices around the world, but the new jobs will be added here, thanks to a state and city incentive package.  Ohio will give Techni-Graphics $6 million in fixed low-interest loans, and Wooster has approved a 75 percent tax abatement for 10 years...

CHOPPED

They must be doing something right...as Costco in Chicago has a whole display of their chips. 

Good news, indeed!

Glad to hear that this is an expansion and not just a relocation of jobs from Brewster.

Akron incubator captures national award

Tenant takes second for outstanding technology client

 

By Paula Schleis

Beacon Journal business writer

 

Published on Wednesday, May 07, 2008

 

For 25 years, the Akron Global Business Accelerator has been a rather quiet force for economic development in Northeast Ohio.

 

But the national spotlight found it on Tuesday.

 

The facility won the 2008 Incubator Innovation Award from the National Business Incubation Association at the organization's annual conference in San Antonio, Texas...

 

--------------------------------------------------------------------------------

Paula Schleis can be reached at 330-996-3741 or [email protected].

 

 

 

Akron approves InfoCision land deal

 

Posted by Robert Schoenberger July 08, 2008 13:10PM

Categories: Breaking News, Economic development

 

The Akron City Council has approved spending $6.75 million to buy two properties in the Bath-Akron-Fairlawn Joint Economic Development District as part of a $10.5 million expansion of call-center operator InfoCision.

 

http://blog.cleveland.com/business/2008/07/akron_approves_infocision_land.html

Wow! More good news for Akron, which seems to be picking up a serious head of steam!

2008 City of Akron NEWS Releases

from the desk of Mark Williamson

 

A. SCHULMAN TO OPEN POLYBATCHÒ MANUFACTURING FACILITY

IN AKRON, OHIO

 

(08/20/08) - A. Schulman, Inc. (Nasdaq-GS: SHLM) announced today that it is expanding its North American PolybatchÒ manufacturing operations with a new plant at the site of its existing distribution warehouse in Akron, Ohio.

"We needed a new facility in the United States to build on our global success with Polybatch," said Joseph M. Gingo, Chairman, President and Chief Executive Officer. "We intend to be a leader with this product line in the U.S. market just as we are an established leader in Europe and Mexico."

 

A. Schulman will receive financial incentives from the City of Akron, Summit County and the State of Ohio. The Company expects the facility to provide approximately 20 new jobs initially, and approximately 60 additional positions within the next few years as production increases.

 

The site has served as a manufacturing facility for other A. Schulman products in the past, and was the Company’s first plant when it opened in 1929. The Company has used it solely as a warehouse for its distribution business since November 2000. The distribution operations will continue at the site.

 

"Our decision to invest in this facility is in line with our overall strategy to maximize the use of our existing assets," Gingo said. "With the building and infrastructure already in place, we expect the conversion to be quick and manufacturing to begin at the site by October 2008."

 

Gingo added, "We greatly appreciate the support of the city, county and state leaders and their dedication to making this project possible. A. Schulman has a long and proud history in Akron, and we intend to continue to be a major contributor to the community."

 

Akron Mayor Don Plusquellic said, "It is critical for us to create partnerships if we want to remain competitive as communities in Northeastern Ohio.  The economy dictates that we join forces, combine resources and be a force for creating and retaining jobs.  Akron has done this with companies small, medium and large and with considerable success."

 

Summit County Executive Russell Pry added, "The Job Center and Department of Economic Development have worked collaboratively with A. Schulman to provide Workforce Investment Act training funds so that the Company can hire workers who have been dislocated from other businesses in the county. This is a win for Summit County, as we get to keep good paying jobs right here."

 

A. Schulman’s Polybatch product line consists of specialized, high-tech additives for polypropylene, film, extrusion, injection molding and thermoforming applications, primarily in the packaging market. The additives enhance the performance of customers’ products with features such as antibacterial, antifogging and antistatic properties, easy-open packaging, and cling and foaming agents.

 

 

 

About A. Schulman

Headquartered in Akron, Ohio, A. Schulman is a leading international supplier of high-performance plastic compounds and resins. These materials are used in a variety of consumer, industrial, automotive and packaging applications. The Company employs about 2,200 people and has 16 manufacturing facilities in North America and Europe (including Asia). Revenues for the fiscal year ended August 31, 2007, were $1.8 billion. Additional information about A. Schulman can be found at www.aschulman.com.

 

 

 

Forward-Looking Statements

Certain statements in this release may constitute forward-looking statements within the meaning of the Federal securities laws. These statements can be identified by the fact that they do not relate strictly to historic or current facts. They use such words as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. These forward-looking statements are based on currently available information, but are subject to a variety of uncertainties, unknown risks and other factors concerning the Company’s operations and business environment, which are difficult to predict and are beyond the control of the Company. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements, and that could adversely affect the Company’s future financial performance, include, but are not limited to, the following:

 

Worldwide and regional economic, business and political conditions, including continuing economic uncertainties in some or all of the Company’s major product markets;

Fluctuations in the value of currencies in major areas where the Company operates, including the U.S. dollar, euro, U.K. pound sterling, Canadian dollar, Mexican peso, Chinese yuan and Indonesian rupiah;

Fluctuations in the prices of sources of energy or plastic resins and other raw materials;

Changes in customer demand and requirements;

Escalation in the cost of providing employee health care;

The outcome of any legal claims known or unknown;

The performance of the North American auto market; and

The North American recessionary economy.

Additional risk factors that could affect the Company’s performance are set forth in the Company’s Annual Report on Form 10-K. In addition, risks and uncertainties not presently known to the Company or that it believes to be immaterial also may adversely affect the Company. Should any known or unknown risks or uncertainties develop into actual events, or underlying assumptions prove inaccurate, these developments could have material adverse effects on the Company’s business, financial condition and results of operations.

 

This release contains time-sensitive information that reflects management’s best analysis only as of the date of this release. A. Schulman does not undertake an obligation to publicly update or revise any forward-looking statements to reflect new events, information or circumstances, or otherwise. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in A. Schulman’s periodic filings with the Securities and Exchange Commission.

 

 

:clap:

I've been noticing a lot of Fieros on the road lately.  It would appear the reason is because they really do get decent gas mileage even though they are like 20 year old cars and they've held up.  The main reason for this is because they are light in weight because they were the first plastic body paneled production car.  I don't think there have been too many more cars that have used as much plastic as this car.  This is basically what A. Schulman does.  It makes plastic parts and they do make some bumpers and some plastic body panels. It would seem to be the right time for this company to start making serious inroads into the automotive industry when cars should be getting designed with lower weight again.

Yea, Akron! I'm in Cleveland, but love hearing good news from Akron.  :-D

Let's see, better suited for Random Akron-Canton Development Thread in P&C or Ohio Business and Economy?

 

Master, a more descriptive thread title and a url to the press release would also be appreciated.

Let's see, better suited for Random Akron-Canton Development Thread in P&C or Ohio Business and Economy?

 

Master, a more descriptive thread title and a url to the press release would also be appreciated.

 

When you say "more descriptive thread title", do you mean my title needs to be more descriptive or that I need to be more precise with my choice of threads to post this article. I'm sorry, but I am totally confused by these threads and how to post what, where. I can't figure out where to go to even start a new thread. And what is the difference between a development thread and a construction thread. This is a new development concerning a new development, that will consist of new construction, which could facilitate a city discussion.

 

I'm not trying to be difficult, but I need clarification. I would be more than happy to follow the rules. I really try, yet every time I post something, it seems to be the wrong place.

 

 

Kinda a mixed bag of judgment I suppose.

 

Title: Should at least contain the city, the business or what's invovled. When in doubt, go with the newspaper column title.

 

As for where the thread goes, that's up in the air. I'm inclined to put it over in Ohio Business and Economy since its about a Akron business and their plant. If you want we could have an Akron General and Business Moves thread where a lot of these little announcement will end up. Those types of threads are good for announcements like these. Or alternatively there could be an A. Schulman thread if the company generates enough news on their own.

 

The other option would be dumping thins into the Akron-Canton Developments Thread, since this news does invovle expansion of a business and potentially construction.

 

City Discussions generally is about social, demographic, crime, and other issues across cities and metros.

 

Its not a Science, its more of an art.

This sounds very promising from a new tenant at the Akron Incubator/Accelerator..

 

http://www.ohio.com/business/36123444.html 

 

 

The Midas touch

 

Akron incubator tenant works on process to turn scrap into liquid gold: oil

 

By Paula Schleis

Beacon Journal business writer

 

Published on Sunday, Dec 14, 2008

 

 

 

William Ullom describes turning scrap tires, plastic parts and dirty solvents into petroleum as if it's the simplest process in the world.  And one day soon, it might well be. 

Ullom is managing partner of Vadose Research & Development, a new Akron Global Business Accelerator tenant that is commercializing a system to help companies turn their waste into liquid gold.

CHOPPED

Wow! Akron is once again poised to be the center of something huge. This sounds like potential jobs that ordinary people who have no college degrees can have.

 

As long as it is as clean as it sounds, I like it. But if it isn't, it can turn into Akron being the new dumping station.

Akron mall for sale in Internet auction

 

By Betty Lin-Fisher

Beacon Journal business writer

 

POSTED: 09:28 p.m. EDT, Apr 22, 2009

 

Rolling Acres is going on the Internet auction block... www.ohio.com

It's wierd looking at those pictures on the auction website.  I miss it :(

http://www.ohio.com/news/break_news/48193682.html

 

New call center could bring 1,500 jobs to Akron

By Jim Carney and Katie Byard

Beacon Journal staff writers

 

POSTED: 06:46 p.m. EDT, Jun 16, 2009

 

As many as 1,500 new jobs could result from the opening of a new call center in the old Firestone Bank building on Akron's South Main Street.

 

The business, PlusOne Communications, is expected to announce the hiring binge at a news conference this morning at the former bank.

 

.........

One posted on the original article had an interesting perspective on the 1,500 supposed jobs:

 

The owner's quote says "the Akron operations will start with 30 employees in July and should build up its ranks by 50 to 60 new employees a month."

 

Starting with 30, and adding the upper prediction of 60 per month, the business won't reach Plusquellic's claim of 300 until December, 2009 or the ABJ's touted level of 1,500 until June, 2011.

That's only two years off and doesn't surprise me. Here's some more coverage....

____________________

 

http://www.ohio.com%2fbusiness%2f48391797.html

 

 

Call center says Akron full of talent

President of PlusOne praises residents' work ethic, integrity

 

By Betty Lin-Fisher

Beacon Journal business writer

Published on Thursday, Jun 18, 2009

 

The head of a new call-center company said the Akron area has enough hard-working, qualified people to support his company as well as similar enterprises in town.

 

........

Robert Madden said the company's new name, PlusOne Communications, is to honor Plusquellic.

 

''We thought the one way to give Don a little bit of appreciation to help jump start this part of town is to take part of his name and add the number one. It's plus one building at a time,'' he said. ''Our name really truly does come from the vision that Don created.''

 

Quipped Plusquellic, who is in the middle of a recall election: ''I'm sure the bloggers will be accusing me of making out for selling my name rights. I didn't even receive a dollar for that, so we're allowing that to happen without any compensation.

 

Wow, lame.  I'm sure the Akron bloggers will be all over that.

I can't see that many people working in this building.  My understanding is the building had at most 80-100 people working in it originally when it was a bank.  I can see maybe 200-300 people working there and if in 2 shifts they can double that.  Beyond that, it will be a workforce taking calls remotely or one hell of a cramped boiler room.. 

I can't see that many people working in this building. My understanding is the building had at most 80-100 people working in it originally when it was a bank. I can see maybe 200-300 people working there and if in 2 shifts they can double that. Beyond that, it will be a workforce taking calls remotely or one hell of a cramped boiler room..

 

I didnt even think about that.  I agree, there is no way that building could fit 1,500 people.  It has a decent size footprint, maybe 10,000 s.f.? but, if I recall, its only 3-stories.

Hundreds line up for jobs at new call center in Akron

By Jim Carney

Beacon Journal staff writer

 

POSTED: 05:40 p.m. EDT, Jun 18, 2009

 

Some wore suits. Others dressed in jeans.

 

Some were fresh out of high school. Others had gray hair.

 

To see more, click link

www.ohio.com

I can't see that many people working in this building.  My understanding is the building had at most 80-100 people working in it originally when it was a bank.  I can see maybe 200-300 people working there and if in 2 shifts they can double that.  Beyond that, it will be a workforce taking calls remotely or one hell of a cramped boiler room.. 

 

They might be able to get 1500 with 2 shifts as you said.  The bank probably had much larger sq footage per person in the space plan...maybe 8-10 sq feet for cubicles.  A call center can place people in long continuous desks that take up a 3rd of the space.  A lot of the systems furniture companies have new product lines that can maximize space for job functions like this.  Since it was the HQ for Firstone Bank at one time, it probably had large conference spaces and filing as well that can be utilized.

 

The building is cool, glad to see it getting use

 

 

It is a good building.  It was in a pretty bad state, masonry spalling, etc...  They put some money into fixing it up.

 

I suppose this could go here, since Kent is in Greater Akron. This sounds like a terrific new mixed-use development for downtown Kent. The rendering looks pretty good (as renderings often do!)...

 

 

Kent companies eye downtown project

Davey Tree, Ametek planning to anchor new development

By Paula Schleis

Beacon Journal staff writer

Published on Friday, May 07, 2010

 

KENT: The Davey Tree Expert Co. may move 70 employees back downtown, becoming a high-profile anchor for two new commercial/retail buildings about to rise from the demolished remains of a blighted block.

 

Another longtime Kent employer — Ametek Lamb Electric Co. — has also signed a letter of intent to lease space in the development, moving about 80 employees from its current Lake Street home.

 

Together, Davey and Ametek hope to take over 75 percent of the office space that will be available in the three-story buildings.

 

READ MORE AT:

http://www.ohio.com/news/93049814.html

Sounds like a progressive plan by leaders of Jackson Twp., Canton and Stark State to regionalize and bring out of state (country) jobs to Stark County.

 

http://www.indeonline.com/newsnow/x775081891/Jackson-Canton-economic-development-pact-can-move-forward

 

 

/\/\ Thats awesome news!

Yay!  :clap:

 

Timken Co. to invest $35 million at Canton rolling mill

By DAN SHINGLER

4:25 pm, February 1, 2011

 

Timken Co. (NYSE: TKR) of Canton said it will invest $35 million in a high-volume, in-line forge press for its Faircrest rolling mill in its hometown.

 

That makes $85 million Timken has announced in the last six months that it will invest in its Canton steel works. Last August, Timken announced $50 million worth of capital improvements to its other steelmaking operations in that city.

 

The new press will be used in the forging of specialty steels and will both increase capacity and decrease production costs at the facility. Timken said the equipment should be installed and operating by early 2013.

 

READ MORE AT:

http://www.crainscleveland.com/article/20110201/FREE/110209979

FirstEnergy merger gets OK, creating nation's largest utility

 

Akron’s FirstEnergy Corp. has received the final approval needed for a deal to merge with Allegheny Energy, creating the nation’s largest electric utility, the Akron Beacon Journal reports.

 

The final piece of the process was an approval from the Pennsylvania Public Utility Commission. FirstEnergy’s (NYSE:FE) deal for Greensburg, Pa.-based Allegheny is valued at about $8.1 billion.

 

The transaction is expected to close within a week, the paper reported. The companies haven’t indicated how the combination might affect their combined work force of nearly 18,000.

 

 

Original Link:

http://www.bizjournals.com/columbus/morning_call/2011/02/firstenergy-merger-gets-ok.html

Monday April 18, 2011   

 

Timken Co. to increase steelmaking capacity at its Canton operations

12:06 pm, April 18, 2011

 

Timken Co. (NYSE: TKR) said it will increase its annual steelmaking capacity by 120,000 tons across its steel manufacturing operations in Canton.

 

The producer of steel and bearings said it is achieving this boost through a series of improvements at its Harrison Steel Plant that build upon the $60 million rolling-mill investment completed there in 2008.

 

Timken said continuous improvement efforts at the Harrison plant over the last two years have allowed the company to achieve record output well beyond the new mill's original design.

 

Read more at: http://www.crainscleveland.com/article/20110418/FREE/110419875#

VXI Looks at Canton, Still Likes Youngstown

April 27, 2011 6:36 a.m.

By George Nelson

 

YOUNGSTOWN, Ohio -- VXI Global Solutions Inc. is considering establishing a call center in Canton, but that doesn't preclude further expansion of its Youngstown operations or signal dissatisfaction with the company's performance here, executives say.

 

The Ohio Tax Credit Authority this week approved a 7-year, 60% job creation tax credit -- valued at an estimated $1.06 million over the term -- for the proposed Canton call center, reported Bethany McCorcle, spokeswoman for the Ohio Department of Development. The call center, if VXI moves forward with it, would create 568 jobs, she said.

 

VXI is considering the Canton area for a new call center "to accommodate our requirements for client expansion," confirmed Nick Covelli, VXI senior vice president, sales and marketing, but that decision hasn't been finalized.

 

READ MORE AT:

http://business-journal.com/vxi-looks-at-canton-still-likes-youngstown-p19055-1.htm

A look at Timken in China

4,000 are on the payroll in its Chinese operations. Growth is major priority

By Justin Parsons

Special to the Beacon Journal

 

Published on Sunday, May 22, 2011

 

China's economy is a complex juxtaposition of ideologies, a communist government leading state-directed capitalism, where thousands line up daily to pay respects to Chairman Mao while enjoying the fruits of a capitalist marketplace of goods and services.

 

Freeway traffic in Shanghai at midday is a visible reminder of China's growing economy.

Private enterprises were not sanctioned until 1988, and yet in the first decade of the new millennium, China rocketed from sixth- to the second-largest economy in the world, behind only the United States. American businesses played a large part in that growth.

 

''It all started with joint ventures. There was a time and a place when that was the only way to do business,'' said David Turchetti, vice president of the American Chamber of Commerce. ''Since China joined the World Trade Organization in 2001, there has been an opening for more and more businesses to come here.''

 

Read more at: http://www.ohio.com/business/122407329.html

Suarez to start production at Hoover District on Sept. 6.

By Edd Pritchard

CantonRep.com staff writer

Posted Aug 18, 2011 @ 08:45 PM

 

NORTH CANTON — Suarez Manufacturing Industries will be up and running in the Hoover District on Sept. 6, making products once made in China and creating jobs for local residents.

 

EdenPURE space heaters and other products will be assembled in a 200,000-square-foot warehouse that Hoover Co. once used as a distribution center. About 70,000 square feet are being used for production and assembly, with the remainder set aside for storage and distribution.

 

“It’s all U.S. made,” Suarez told a crowd that came Thursday morning to tour the facility.

 

 

Read more at: http://www.cantonrep.com/carousel/x1852624616/Suarez-to-start-production-at-Hoover-District-on-Sept-6

Timken Co. considers $225 million upgrade of one of its Canton steel plants

Published: Wednesday, August 24, 2011, 8:00 PM    Updated: Thursday, August 25, 2011, 7:28 AM

By Robert Schoenberger, The Plain Dealer The Plain Dealer

 

 

CANTON, Ohio -- Industrial company Timken is considering a $225 million upgrade to its Faircrest steel plant in Canton, a move that could increase output by 25 percent.

 

The plant now employs 475 people, a figure that would go up significantly by 2014 if the company decides to follow through on the investment, said company spokeswoman Lorrie Paul Crum.

 

"Our domestic customers have expressed the desire to have more of our steel available," Crum said. The upgrade would involve installing new equipment that would let Timken increase its production of high-strength specialty steel products favored by automakers and some industrial machinery companies.

 

Read more at: http://www.cleveland.com/business/index.ssf/2011/08/timken_co_considers_225_millio.html

Schulman plant closing in Nashville will cut 60 jobs

 

Good news for Ohio, bad new for Tennesse

 

http://www.tennessean.com/article/20110827/BUSINESS/308270035/Schulman-plant-closing-Nashville-will-cut-60-jobs?odyssey=mod|newswell|text|FRONTPAGE|s

UPDATE: MAC Trailer Hiring Now for Kent Plant

The Alliance-based truck trailer manufacturer needs to hire 50 people right away for various positions at their Fairchild Avenue facility

By Matt Fredmonsky Email the author August 30, 2011

 

Need a job? Then MAC Trailer needs you.

 

The Alliance-based truck trailer manufacturer signed a deal this month to buy the former Fontaine Trailer plant at 1400 Fairchild Ave., and the firm is looking to hire people in Kent right away.

 

Jim Maiorana, executive vice president for MAC Trailer, said in an interview this morning that operations have already started at the facility.

 

"We’re in there now setting up and cleaning, and we’ll be building trailers here within a week," Maiorana said. "We’re basically looking for, at the moment, to bring on about 50 people as fast as we can."

 

READ MORE AT:

http://kent.patch.com/articles/update-mac-trailer-hiring-now-for-kent-plant

Timken: Window on the future in Stark County

By Robert Wang

CantonRep.com staff writer

Posted Sep 26, 2011 @ 07:00 AM

 

CANTON — The Timken Co., has been on a 112-year-old mission to minimize friction in vehicles and machines with its steel and bearings parts.

 

Despite the friction of a tepid U.S. economic recovery, the company recently has announced a series of investments and the possibility of additional investments in Stark County.

 

After experiencing losses in 2009, the Timken Co. reports that sales in 2010 and the first half of this year have jumped by roughly a third, in part due to high growth in the mining and energy industries and surging sales in Asia.

 

 

Read more at: http://www.cantonrep.com/carousel/x1214496646/Timken-Window-on-the-future-in-Stark-County

Nice story about a rapid expansion of a local company that exploits waste energy.

 

Akron hoping to build hub for energy companies

 

By Stephanie Warsmith

Beacon Journal staff writer

 

Published: October 4, 2011 - 12:38 AM

Akron is hoping to create a hub for advanced energy companies, with the first step being the renovation of an aging downtown building to become the new home to one of these businesses.

 

Akron City Council heard additional details Monday about the administration’s plans for refurbishing the former Hamlin Steel headquarters building to house Echogen Power Systems, which Mayor Don Plusquellic announced Friday.

 

http://www.ohio.com/news/local/akron-hoping-to-build-hub-for-energy-companies-1.238382

Corbin Bernsen planning next Akron movie

 

By Rich Heldenfels

Beacon Journal popular culture writer

 

Corbin Bernsen will meet with people interested in supporting his new movie, 3 Day Test, at 6:30 tonight in the Hilton Akron/Fairlawn hotel.

 

The movie will be the second Bernsen shoots in Akron, following 25 Hill, which was inspired by the All-American Soap Box Derby.

 

http://www.ohio.com/special-projects/2.367/corbin-bernsen-planning-next-akron-movie-1.243432

Actor-director Corbin Bernsen touts new consumer company in Akron

 

By Carol Biliczky

Beacon Journal staff writer

Published: December 1, 2011 - 12:00 AM

 

Actor and director Corbin Bernsen is plugging a new project in Akron: a website to help consumers nail down the best prices.

 

Bernsen’s Powsumer is collaborating with the University of Akron Research Foundation to launch a company that would offer volume purchasing to consumers who form “packs” to leverage buying power.

 

http://www.ohio.com/news/local-news/actor-director-corbin-bernsen-touts-new-consumer-company-in-akron-1.248174

Here's to regional economy!

 

Timken reaches new contract with steel workers union, clears way for $225 million expansion

 

http://www.cleveland.com/business/index.ssf/2011/12/timken_reaches_new_contract_wi.html

Commercial realtor Terry Coyne is releasing these personal assessments of Northeast Ohio's sub-markets for industrial and office market conditions. Here are his analyses of the Akron and Canton submarkets.......

 

MONDAY, FEBRUARY 27, 2012

CoyneReport - Akron's Real Estate Performance

 

The next city profiled in our investigation into Northeast Ohio is Akron. We will look at what sets Akron apart from other cities, in an attempt to uncover the hidden trends.

 

The industrial market is a good place to begin. As was mentioned in the Canton post last week, modern distribution buildings (those with 24 foot or greater ceiling heights) in the Akron-Canton region have a low vacancy rate of 2.58%. But these represent a small portion of Akron’s industrial market, where the average building is 47 years old. Although this is younger than the Canton average, it does mean that a good portion of Akron’s industrial space dates back to the 1950s or before, and does not meet modern manufacturing needs.

 

READ MORE AT:

http://terrycoyne.blogspot.com/2012/02/coynereport-akrons-real-estate.html

 

 

WEDNESDAY, FEBRUARY 15, 2012

CoyneReport - Canton's Industrial & Office Market Performance

 

The term "Northeast Ohio" covers a lot of ground. In an attempt to understand how the real estate market has performed of late, we will investigate the performance of one specific portion of Northeast Ohio; the Canton-Massillon real estate market. By understanding how each individual submarket is performing, we can determine greater trends that emerge in our market.

 

Canton, like every city in the Unites States, has been affected by the recent troubles of real estate. Unlike some cities, Canton did not experience a construction boom, which has helped to keep the vacancy rate down. In the 2000s, Canton saw the construction of 19 new industrial buildings over 20,000 SF. In the decade prior, 55 such buildings were constructed in the Canton area. New construction has been rare in recent years, and the average age of a Canton industrial building is 53 years. A handful of buildings have been renovated in recent years, but the vast majority of Canton’s housing stock has not undergone significant renovation in the past two decades.

 

READ MORE AT:

http://terrycoyne.blogspot.com/2012/02/coynereport-cantons-industrial-office.html

Launch of a potentially large company the other day..  It definitely sounds fairly promising but I think there are some inherent hazards of compressed hydrogen ala zee Hindenburg..  To become mainstream, there will need to be improvement I suspect in the transfer of compressed hydrogen to the tanks.  I'm assuming that he hasn't created that as part of his patent..  It really needs to be totally idiot-proof and fairly easy to re-fuel before there will be buy-in.  I don't really know anything about hydrogen tanks and how he is doing this process but just sheer speculation.  We shall see as more becomes known..

 

Startup has big dreams for small hydro-fueled engines

 

By Katie Byard

Beacon Journal business writer

 

Published: June 20, 2012 - 11:48 PM | Updated: June 21, 2012 - 02:48 PM

 

Partners in an Akron startup called Hydrogen Energy Systems LLC revved up a small engine Wednesday to show off what they say is breakthrough technology they hope to soon commercialize.

 

The small engine was powered with gaseous hydrogen, an alternative clean energy source.

 

The key, company partners said, is their patented Mixing Block system, which replaces the fuel injector or carburetor used in gasoline-powered engines.

 

“The Mixing Block delivers the right mix of hydrogen and air to successfully and efficiently run small internal combustion engines” used in lawn mowers and outdoor power equipment, among other devices, said Jeff Wilhite, CEO of Hydrogen Energy Systems.

 

http://www.ohio.com/business/startup-has-big-dreams-for-small-hydro-fueled-engines-1.315472