Pacific Cast Technologies Expands Melting Capacity |
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By: Ladish Co., Inc. Posted: 2007-04-19 06:55:00 |
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Pacific Cast Technologies, Inc. (http://www.paccast.com) ("PCT"), a wholly owned subsidiary of Ladish Co., Inc. (http://www.ladishco.com) ("Ladish"), plans to build a new state-of- the-art VAR casting furnace at its Albany, Oregon plant. The furnace will provide additional melting capacity for 2009 and beyond in response to growing demand for aerospace titanium castings.
"Expanding our melting capability signals our continued strong commitment to serving our customers' rapidly increasing engine and airframe build rates," said Randy Turner, President of PCT. "We have every reason to believe today's booming aerospace market is sustainable for many years to come." "This $5 million capital investment will double PCT's current foundry capacity while simultaneously increasing operating efficiencies utilizing the latest melting technologies available," added Mr. Turner. Furnace completion and certification is scheduled for fourth quarter of 2008. "PCT contributes significantly to the Ladish family of businesses," said Kerry L. Woody, President and CEO of Ladish. "This is just one more step in their plan for continued market penetration and growth, and we're confident this investment will benefit PCT's customers as well as Ladish's growth plan." Pacific Cast Technologies, Inc. supplies investment cast titanium parts for airframe, turbine engine, and aerospace structural applications. Ladish Co., Inc. is a leading producer of highly engineered, technically advanced components for the jet engine, aerospace and general industrial markets. Ladish is headquartered in Cudahy, Wisconsin with operations in Wisconsin, Oregon, Connecticut and Poland. Ladish common stock trades on Nasdaq under the symbol LDSH. |
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