TimberTech adding warehouse

Ohio Gov. Bob Taft joined employees of TimberTech Tuesday as the Wilmington, Ohio, company began construction of a 140,000-square-foot warehouse. Founded in 1997, TimberTech is a leading manufacturer of composite wood decking materials and accessories. The company, part of the Crane Group of Columbus, last year added more than 100 employees to its Wilmington location. With the expansion, TimberTech plans to add more than 200 jobs over the next seven years.

Cummins perks up earnings forecast

Cummins Inc. of Columbus, Ind., boosted its earnings forecast for the first quarter and the full year, citing strong sales of its diesel engines and better prospects among its customers. Its shares rose 6 percent. Cummins, which has seen its shares triple in price over the last year and a half, said Tuesday that improved sales and economic prospects have more than offset rising prices for commodities such as steel. For the January-March period, Cummins forecasts earnings in the range of 65 cents to 75 cents per share, compared with its previous guidance of 40 cents to 50 cents a share. Second-quarter earnings are forecast at $1 to $1.10 per share.

Pomeroy lands $54M contract

Pomeroy IT Solutions Inc. has been selected to provide national maintenance, outsourcing and technology services worth an estimated $54 million over the next five years. A financial-services firm that does not want to be identified has awarded Hebron-based Pomeroy three separate contracts for services supporting its 9,000 branch locations nationwide. The awards include a five-year nationwide technology maintenance contract, a five-year outsource of its centralized branch integration and deployment operations, and a technology refresh project replacing the firm's 27,000 desktop systems over the next 12 months.

Staff/wire reports