Construction of Forging Plant in Arkansas Proceeding on Schedule

---

Researched by Industrialinfo.com (Industrial Information Resources, Incorporated; Houston, Texas). Southwest Steel Processing LLC, a partnership between Park-Ohio Holdings (NASDAQ:PKOH) (Cleveland, Ohio) and Arkansas Steel Associates, is nearing completion of a steel parts forging plant at Arkansas Steel Associates' steel mill located in Newport, Arkansas. Construction on the $15 million plant began in May of this year with Jaco Construction Company (Newport, Arkansas) as the general contractor for the building.

Two forging presses are being installed at the new plant. Once completed in December, the company plans to produce forged steel railroad car parts. Arkansas Steel Associates will supply steel for the forging plant. The company plans future phases of development at the site, which could see employment increase to over 200.