Carpenter Technology Corporation, Wyomissing, Pennsylvania, USA, is reported to be spending an additional $23 million to add titanium furnace equipment to its new superalloy powder facility in Limestone County, Alabama. The purchase will raise Carpenter’s investment in the plant to $61 million.
The new plant’s titanium powder product offering will increase Carpenter’s reach into aerospace and medical markets and offer growth opportunities in transportation, Tony R. Thene, Carpenter President, Chief Executive Officer and Director told the Decatur Daily.
Carpenter is close to completing its second Limestone County plant, in 100,000 square feet of what used to be Plant 23 of the former Delphi plant. The company’s first Limestone County plant, a $518 million superalloy metal plant, began production in early 2014.