Carpenter Participating in Paris Air Show.WYOMISSING, Pa.--(BUSINESS WIRE)--June 14, 1999-- In response to its growing presence in the aerospace industry, Carpenter Technology Corporation Carpenter Technology Corporation (NYSE:CRS) is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. (NYSE NYSE See: New York Stock Exchange :CRS CRS Course CRS Certified Residential Specialist (real estate certification) CRS Central Reservation System CRS Can't Remember Stuff (polite form) CRS Cost Reduction Strategy CRS Consumer Relations Specialist ) is exhibiting its aerospace product line at the Paris Air Show The Paris Air Show (Salon International de l'Aéronautique et de l'Espace, Paris-Le Bourget) is an international trade fair for the aerospace business. It is held at Le Bourget airport near Paris, France every odd year, alternating both with the Farnborough International this week. Nearly 2,000 exhibitors from the Americas, Europe, Africa, the Middle East, and the Asia Pacific rim are participating in the eight-day event, which began yesterday. Technical experts and sales representatives from Carpenter will be on hand to answer questions at the company's booth in the USA Pavilion. Visitors to Carpenter's booth can enter a drawing to win an Orlimar Trimetal(TM) driver, a popular metal golf club containing Carpenter Custom 465(TM) stainless in the face plate. The drawing will be held daily at 3 p.m. local time. Carpenter's aerospace alloy market has grown significantly, from 15 percent of sales in fiscal 1996 to 28 percent in fiscal 1998. Carpenter produces a wide range of specialty materials that have been used in critical aerospace applications including turbine blades, disks, shafts and bearings, landing gear components, airframe and engine fasteners, auxiliary power units (APUs), and advanced avionic systems. The company is also a leader in producing ceramic cores for casting aerospace turbine blades and precision titanium ducting duct·ing n. 1. A duct or system of ducts. 2. Material for making ducts. . Carpenter has developed a number of alloys in recent years to meet the specific demands of aerospace customers. One example is AerMet(R) 100 alloy, an alloy combining the highest strength and highest toughness of any commercially available grade. AerMet 100 alloy has been used in the landing gear of the carrier-based F/A-18 E/F E/F Educator/Facilitator . A $39 million capital expansion program in 1997 nearly doubled the company's premium melting capacity for aerospace and other markets requiring ultra-pure alloys. That expansion included a 22-ton vacuum induction melting Vacuum Induction Melting is a process for melting metal under vacuum conditions using electromagnetic induction. It works by creating electrical eddy currents in the metal which heats the "charge" to melt it. furnace and two vacuum arc remelting Vacuum Arc Remelting (VAR) is a secondary melting process for production of metal ingots with elevated chemical and mechanical homogeneity for highly demanding applications. furnaces at its Specialty Alloys Operations plant in Reading, Pa. Today Carpenter is expanding its hot working operation in Reading by installing a 4,500 ton press, which is expected to be operational by this fall. Carpenter is a leading manufacturer and distributor of stainless steels, high temperature (nickel-cobalt base) alloys, specialty alloys including titanium alloys, and various engineered products for aerospace, automotive, consumer, industrial and other markets worldwide. The company employs 5,800 people worldwide and in fiscal year 1998 (ended June 30, 1998) had sales of about $1.2 billion. More information about Carpenter is available on the Internet at www.cartech.com. |
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