Dynamet Raises Prices On Titanium Alloys.Business Editors WASHINGTON, Pa.--(BUSINESS WIRE)--May 22, 2001 Dynamet Inc., a subsidiary of 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 ), said today it has increased book prices on most of its titanium alloys by 5 percent to 12 percent, effective immediately on new orders. The price adjustments will not impact business covered under contract or negotiated supply agreements, said David L. Smith David L. Smith can refer to:
Increased demand for titanium alloys has resulted in higher raw material costs, capacity constraints and extended lead times, Smith said. Dynamet is implementing the price increases to offset those higher raw material costs, as well as increased energy and other operating costs operating costs npl → gastos mpl operacionales . Dynamet is a leading international supplier of titanium alloy products for the aerospace, medical, sports and other industrial markets. Carpenter, based in Wyomissing, Pa., is a leading manufacturer and distributor of stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. , specialty alloys and various engineered products, in addition to titanium. The company had sales of $1.1 billion in fiscal 2000 (ended June 30, 2000). More information about Carpenter and Dynamet is available at www.cartech.com. |
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