NEW YORK Carpenter
Technology Corp. expects to produce about 10,000 tons of
premium alloys during the first year of operation at its
planned Limestone County, Ala., greenfield facility.
"We feel very confident that as
we start up that first fiscal year were looking at 10,000
tons and (well be) able to grow that over four years up
to the 27,000 tons" ultimately expected of the plant, Dave S.
Strobel, senior vice president of global operations, said
during the companys quarterly earnings conference
The $500-million facility,
expected to start up in April 2014 (AMM, Feb. 8), is
being built to meet growing demand from the aerospace industry
for the companys premium alloys.
"Approximately two-thirds of our
top engine and passenger customers have worked with us to
establish long-term agreements that extend beyond the start of
the Alabama facility in 2014," president and chief executive
officer William A. Wulfsohn said during the call.
The Wyomissing, Pa.-based
company said demand in the sector is picking up considerably,
making capacity expansions imperative. "We could be selling
significantly more premium products today if we had more
capacity available, and that situation is likely to expand in
the future," Wulfsohn said.
Carpenter is adding 4,000 tons
of remelt capacity at its Reading, Pa., and Latrobe, Pa.,
facilities during the next two months (AMM, April 26)
and expects an additional 4,000 tons from the two expansions
next year, Strobel said.