The people who work in the center will track P&G products as they move from raw materials to store shelves, according to a P&G spokesman. He said the Cincinnati consumer goods company used to do that from separate plants, so this is more efficient because it reduces the number of trucks on the road.
The supply chain center consolidates employees from throughout North America to Winton Hill, creating 650 new jobs in Cincinnati. Some of the employees are transfers from other regional and other Ohio facilities, including facilities in Mason, according to P&G.
By August 2012, the center will employ 800 to 1,000 people, according to P&G.
A building that used to be part of Folgers in Winton Hill went through a $20 million renovation for the center, the spokesman said. CHELSEY LEVINGSTON
STEEL INDUSTRY
SunCoke Energy sells stock
SunCoke Energy, Inc. has announced the pricing of the initial public offering of 11.6 million shares of its common stock at a price of $16 per share.
Currently SunCoke is building a $370 million coke plant in Middletown, the largest construction project now in Butler County. Metallurgical coke is a key raw material in making steel.
The shares started trading on Thursday on the New York Stock Exchange under the ticker symbol, “SXC.” SunCoke Energy, based in Lisle, Ill., said in a statement it will not receive any of the proceeds of the offering and is currently a subsidiary of Sunoco, Inc. Following the completion of the initial public offering, Sunoco is expected to own approximately 83.4 percent of SunCoke Energy, according to SunCoke. STAFF REPORT