Company News

Diamond Steel Reports Big Turnaround in 2017

NORTH LIMA, Ohio – Diamond Steel Construction Co., North Lima, is buoyed by strong momentum as it moves forward in 2018 – the company’s 90th year of operation.

Diamond Steel’s president, Dave Collins, says the company started a large project last April that reverses the downward trend it experienced during the first part of 2017.

“Business went from lousy to pretty darn good,” Collins says. “It’s been wonderful since.”
Collins reports employment during Diamond Steel’s fiscal year, which begins April 1, is up 40%, and the market appears robust moving forward.

“There’s not much going on right now during the winter,” he notes. “But, we’re hearing about some other projects ready to cut loose.”

Diamond is a union contractor and works on projects across the region, mostly in the steel and metals industry. The company specializes in steel erection, in-plant maintenance, industrial hauling, and industrial equipment and crane rentals.

Until the turnaround last April, Collins says the last three years were flat and growth relatively hard to come by. Already this year, he says several projects have helped boost the company’s order book.

Major projects Diamond Steel was involved with last year included erecting buildings for the $20 million chill-can plant under construction in Youngstown. The complex consists of several buildings dedicated to the development of self-chill technology used in the beverage industry.

“We’ve also helped install some equipment at the Youngstown Business Incubator,” he said, as part of projects related to Tech Block Building No. 5, the former Vindicator building that recently opened. The building is used to house additive manufacturing-related ventures.

“We’re doing a little bit of work in the refineries,” Collins adds. “The local steel plants are good to us, and the titanium industry is good to us.”

Editor’s Note: This story was published in The Business Journal’s Growth Report 2018. The 144-page edition features growth reports from more than 200 local businesses and organizations. It was published this week. If you are not a subscriber, CLICK HERE to purchase a copy or call Eileen Lovell at 330 744 5023 Ext. 1008.

Published by The Business Journal, Youngstown, Ohio.