Weber’s aero press key for capacity: Creed

May 05, 2014 | 06:11 PM | Frank Haflich

Tags  Weber Metals, forgings, aerospace, press, J. Rick Creed, Frank Haflich

LOS ANGELES — Bullish aircraft demand projections as well as larger forgings required for a new generation of airliners have created a market for a new 60,000-ton aerospace forging press planned by Weber Metals Inc., the company’s top executive said.

Weber president and chief executive officer J. Rick Creed said the company isn’t concerned that its giant new press will result in an oversupply of forging capacity. "Just the opposite," he told reporters at the press’ dedication in Paramount, Calif. Without the type of investment planned by Weber, there would be "a shortage of capacity," he said.....

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