American National Carbide invests $4 million in company growth
February 13, 2020
American National Carbide (ANC), a manufacturer of tungsten carbide products for the energy and metalworking industries headquartered in Tomball, Texas, USA, has invested $4 million in its growth plans.
According to ANC, after a successful reorganisation of the company in 2017, this investment is the culmination of a three-year effort to secure suitable financing for the ANC’s growth plans. Infrastructure improvements will reportedly include new hardware and software systems, significant building renovations, and updated lighting and HVAC throughout the operation, while extensive equipment upgrades will resolve capacity constraints in critical production areas.
“We have invested in infrastructure improvements and equipment upgrades to streamline our manufacturing processes, all in order to improve the quality of our products and the overall customer experience,” stated D Greg Stroud, President and CEO of American National Carbide. “This investment propels ANC into the new decade, well-positioned to handle current business and take advantage of future opportunities.”
The company manufactures all of its products at its Tomball headquarters, including tungsten carbide-cobalt powders, cutting and wear products for the energy industry, indexable inserts and support products for all types of metalworking applications, and various wear products.