Dollar, gas helped Weber Metals score press

Apr 29, 2014 | 10:23 AM | Frank Haflich

Tags  aerospace, forging press, Weber Metals, Otto Fuchs, J. Rick Creed, Lockheed Martin, Boeing, Sikorsky Aircraft titanium forgings

LOS ANGELES — Otto Fuchs KG’s decision to build a 60,000-ton aerospace forging press at its Weber Metals Inc. unit in California stemmed from the dollar’s dominant role in global aerospace trade, a proximity to abundant supplies of natural gas and a still important U.S. defense market.

Aerospace is "fundamentally a dollar-based industry," Weber Metals president and chief executive officer J. Rick Creed said in an interview with AMM, adding that this benefits the Paramount, Calif.-based company since aircraft companies normally buy and sell in dollars.....

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