Profile: Carpenter Technology Corp (CRS.N)
24 Jun 2016
Carpenter Technology Corporation, incorporated on October 3, 1904, is engaged in the manufacturing, fabrication and distribution of specialty metals. It develops, manufactures and distributes cast/wrought and powder metal stainless steels and special alloys including high temperature (iron-nickel-cobalt base), stainless, superior corrosion resistant, controlled expansion alloys, ultra high strength and implantable alloys, tool and die steels and other specialty metals, cast/wrought titanium alloys. It also manufacture and rent down-hole drilling tools and components used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense, energy, transportation, medical and industrial and consumer industries. The Company operates in two segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). SAO segment comprises company’s alloy and stainless steel manufacturing operations, which include operations performed at mills primarily in Reading and Latrobe and surrounding areas in Pennsylvania, South Carolina and the new premium products manufacturing facility in Limestone County, Alabama. PEP segment comprises company’s differentiated operations, which include the Dynamet titanium business, the Carpenter Powder Products business, the Amega West business, the Specialty Steel Supply business and the Latrobe and Mexico distribution businesses.
The Company’s major classes of products include special alloys, stainless steels, titanium products, powder metals and alloy and tool steel. Special alloys are used in critical components such as aerospace rings, discs and fasteners and include heat resistant alloys that range from slight modifications of stainless steels to complex nickel and cobalt base alloys as well as alloys for electronic, magnetic and electrical applications with controlled thermal expansion characteristics, or electrical resistivity or special magnetic characteristics. Stainless products include a range of corrosion resistant alloys including conventional stainless steels and many proprietary grades for special applications. Titanium products include corrosion resistant, specialized metal that are primarily used in aircraft fasteners, medical devices, sporting equipment and chemical and petroleum processing. Powder metals include spherical gas atomized powders produced via air, vacuum or pressurized melting with Argon or Nitrogen Atomization in fine, medium and coarse powder distributions. Alloy and tools steels are sold across a range of industries in long forms as well as rounds, plates and sheets.
Carpenter Technology Corp
2 Meridian Blvd
READING PA 19610-3202