From bearings to big box, a makeover on the way for Timken site


city_scope_logo-cmykWhen completed, it will be a big box bonanza for St. Thomas and area shoppers.
Rock Developments of Tecumseh, Ontario is proposing to construct two, multi-unit retail buildings at the north end of the former Timken property on Talbot Street.
The structures would sit on the south side of the service road into the existing SmartCentre, opposite the Canadian Tire parking lot.
The subject land is six acres in size and would be severed from the approximately 20-acre footprint of the Timken plant. No firm plans have been announced for the southern portion of the property although it is likely to include some residential development.
Rock Developments’ client base includes Winners, Best Buy, Bouclair, The Brick, TD Canada Trust, Bank of Montreal, Staples, Boston Pizza, Rexall, Golf town, Shoppers Drug Mart and The Municipal Property Assessment Corporation (MPAC) among many others. Continue reading

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Grant or sponsorship, nixing request the right move


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Sponsorship or grant, council made the right decision by not immediately approving a request to financially support a new Elgin Business Resource Centre and St. Thomas & District Chamber of Commerce awards event.
We dwelt on this last week and our municipal officials hashed it around Monday before turning thumbs down on the $5,000 call for support from chamber president Bob Hammersley, who wanted the process fast-tracked.
This is one more reason why the city should follow the lead of Elgin county council and put the hammer down on all new grant requests.
Ratepayers should not be on the hook to support various causes and events cherry-picked by council for consideration.
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‘Time to sweep aside featherbedding,’ says Bob McCaig


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He’s never one to shy away from controversy and if that has ever been in doubt, then the following comments passed along to us from St. Thomas entrepreneur Bob McCaig should spark lively debate.
His observations are culled from a letter sent to Randy Hillier, Conservative MPP for Lanark, Frontenac, Lennox and Addington, in which McCaig praises Ontario PC’s “for having the guts to openly discuss major labour reform in Ontario.”
In a nutshell, McCaig says the time has come to end the union free ride at the expense of taxpayers.

Bob McCaig


I warned you feathers would be ruffled.
McCaig opens by observing: “Here in St. Thomas where I live, we have witnessed the careful dismantling of 99% of our industrial base. It would be convenient to blame organized labour, particularly the CAW, for the collapse of our manufacturing base, but it would be unfair to blame them alone.

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Volume decline drives Timken loss for the quarter and reduced full-year earnings outlook


CANTON, Ohio–(BUSINESS WIRE)–The Timken Company (NYSE: TKR) today reported sales of $828.9 million for the second quarter of 2009, a decrease of 46 percent over the same period a year ago. The decline in sales was due to weaker demand across most of the company’s end markets, lower steel surcharges and currency, which were partially offset by improved pricing.

For the quarter, the company incurred a loss of $64.5 million, or $0.67 per share, compared with income of $88.9 million, or $0.92 per diluted share, a year ago. Excluding special items, the second-quarter loss was $20.6 million, or $0.21 per share, compared with the prior-year’s income of $92.4 million or $0.96 per diluted share. The results reflect lower sales volume and manufacturing utilization, which were partially offset by favorable pricing and cost-reduction initiatives.
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