Carpenter Plans New Premium Product Facility

Carpenter Technology Corp., Wyomissing, Pa., will construct a new 400,000-square-foot manufacturing facility in response to demand for premium products from the aerospace and energy industries. The new facility ultimately will be capable of producing 27,000 tons per year of additional premium product and is part of Carpenter’s ongoing commitment to expand capacity, reduce lead times and improve customer service, says William A. Wulfsohn, president and CEO.

Additionally, the investment will allow Carpenter to handle the increased demand related to the pending Latrobe addition, plus the completed Amega West and Oilfield Alloys acquisitions. It also will support increased demand expected from “sales of new technologies we plan to commercialize over the coming years,” Wulfsohn says.

The facility will be built on one of several greenfield sites currently under consideration and will cost approximately $500 million. It will include remelting, forge, and associated finishing and testing capabilities. The facility is expected to be operational in 30 months.

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Saturday, July 2, 2016