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Business Briefs-Aug. 3

Published: August 3, 2016 1:00 AM

Rotek's local upgrade

likely done by Sept. 1

Rotek Inc., a thyssenkrupp company, is on schedule to complete a multimillion dollar equipment upgrade to its current seamless rolled ring manufacturing facility in Aurora.

The new equipment officially will begin service on Sept. 1. The upgrade adds a new RAW 200/160 ring mill to the plant and increases the present ring roll capabilities of forgings in the range of 15 inches to 155inches OD (outside diameter).

The midsize diameter range creates rings often used on off-shore oil platforms, oil pipelines, substructures for large cranes and tool and die components.

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"By strengthening our capabilities in this critical diameter range, we are better able to provide faster delivery times to customers in the construction equipment as well as oil and gas markets which are vital to our business," said Mark Girman, CEO of thyssenkrupp Rotek.

thyssenkrupp Rotek's slewing bearings and forged rings continue to be important structural and connection elements used in mechanical engineering, cranes used in harbors, ship decks, trucks and construction sites as well as excavators and antenna systems.

thyssenkrupp bearings and rings also are found in aviation and aerospace, offshore technology, rail vehicles, telescopes, tunneling machines, solar energy plants as well as wind energy and underwater turbines.

Akron mall will cater

to younger audience

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Chapel Hill Mall's new owner sees potential to add new tenants by attracting young shoppers.

Mike Kohan of Kohan Retail Investment Group of Great Neck, N.Y., said he took ownership of the ailing east Akron shopping mall July 15. The deal was $8.6 million, he said.

"We already have a lot of plans in place," the new owner said, "including bringing in new tenants to create new events and make it more attractive to the foot traffic, especially the youngsters.

"I've never seen a youngster town like Akron, so far, in any of the other states we have projects. There are young people all over."

Kohan said he is aware of past problems at the mall that prompted rules requiring adult supervision of minors.

"We have the same youth programs in our malls," he said, "But I think we have to loosen [the rules] a little. Our security is going to be tight and it's not going to be compromised.

"But on the other hand, we will loosen the rules if we see the kids are behaving."

The new owner said he has plans to make the mall an "entertainment destination" where local businesses and national corporations will sponsor live concerts.

He believes he can attract a younger crowd to the mall and that will attract new tenants geared toward young consumers.

-- Steve Wiandt, Falls News

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