Carpenter Technology Corp., Wyomissing, Pa., announces that it will build its new superalloy powder facility in Alabama, directly across the street from its nearly completed $518 million ultra-premium product manufacturing facility near Athens. Three weeks ago, Carpenter announced a multi-faceted agreement with United Technologies Corp. through its Pratt & Whitney Division, which includes licensing technology associated with the production of superalloy powders and a supply agreement for up to 20 years.
The superalloy powder facility is expected to begin production in late 2015. Once the facility is qualified by Pratt & Whitney, Carpenter will supply superalloy powder for aircraft engines. “The capital cost of this project falls within the annual $120 million capital spend guidelines that were previously outlined for the period following the completion of the main Athens plant,” said Tony Thene, Carpenter’s Chief Financial Officer.
“Alabama is proving to be an excellent region for us,” said William A. Wulfsohn, Carpenter’s President & CEO. “There were several reasons that we selected Athens two years ago, including the location being ideal for future growth and expansion. We also remain extremely impressed with our access to a strong pool of skilled workers.”
Timothy R. Armstrong, PhD, Vice President – Research & Product Commercialization, will lead this new business, which will be part of Carpenter’s Performance Engineered Products segment.
