Carpenter names new president of Certech Unit.READING, Pa.--(BUSINESS WIRE)--Feb. 4, 1997--Carpenter Technology Corp. (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 ) has named Eugene J. Carozza, 55, president of its Certech business. Carozza will have profit-and-loss responsibility for four ceramics engineering and manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. , based in Wood-Ridge and Carlstadt, N.J.; Wilkes-Barre, Pa.; and Corby, about 50 miles north of London (U.K.). Certech had sales of about $25 million in fiscal year 1996 (ended June 30, 1996). Carozza joined Carpenter in 1994 as executive vice president of Certech Inc., a Wood-Ridge, N.J. manufacturer of ceramic injection molded parts acquired by Carpenter that year. Prior to joining the company, he had a 25-year career at Howmet Corp., serving last as vice president, total quality and management systems, for the Greenwich, Conn., based company. Carozza holds a bachelor's degree in metallurgical engineering from Rensselaer Polytechnic Institute Rensselaer Polytechnic Institute, at Troy, N.Y.; coeducational; founded and opened 1824 as Rensselaer School; chartered 1826. It was called Rensselaer Institute from 1837 to 1861. and a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in management from Case Western Reserve University. He resides in Wilton, Conn. Carozza succeeds Dr. Stuart Z. Uram, who had founded Certech in 1970. Uram will continue to serve as a consultant to the business. Certech's products primarily include injection-molded ceramic cores for the investment casting investment casting Precision casting for forming metal shapes with minutely precise details. Casting bronze or precious metals typically involves several steps, including forming a mold around the sculptured form; detaching the mold (in two or more sections); coating its industry, high density structural ceramics, and decorative items. Cores are disposable parts used to cast metal turbine parts for aircraft engines and power generation equipment. After a part is cast around a ceramic core, the core is leached out of the part, leaving behind a complex pattern that provides cooling passages. Cores allow an industrial gas turbine or jet engine to perform at ever higher temperatures -- generating power more efficiently or more thrust. Carpenter Technology, a specialty metals manufacturer based in Reading, Pa., acquired Certech Inc. and its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. in 1994 as a way to diversify engineered products and non-metallic specialty materials. Certech employs about 660 employees and is part of Carpenter's Engineered Products Group. CONTACT: Carpenter Technology Corp. Katharine Marshall, Manager -- Communications 610/208-3034 |
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