Profile: Precision Castparts Corp (PCP.N)

PCP.N on New York Stock Exchange

28 May 2015
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Precision Castparts Corp. (PCC), incorporated on October 25, 1956, is a manufacturer of metal components and products. The Company provides investment castings, forgings, fasteners or fastener systems and aerostructures for aerospace and power applications. The Company operates in three segments: Investment Cast Products, Forged Products and Airframe Products. The Investment Cast Products segment manufactures investment castings and provides related investment casting materials and alloys, for aircraft engines, industrial gas turbine (IGT) engines, airframes, armaments, medical prostheses, unmanned aerial vehicles and other industrial applications. The Forged Products segment manufactures forged components from titanium and nickel-based alloys for the aerospace and power markets and manufactures nickel, titanium and cobalt-based alloys used to produce forged components for aerospace and non-aerospace markets which include products for oil and gas, chemical processing and pollution control applications. The Airframe Products segment manufactures engineered fasteners, fastener systems, fluid fittings, aerostructures and precision components for aerospace applications.

The Company provides seamless pipe for coal-fired, IGT and nuclear power plants; downhole casing, clad pipe, fittings and mill forms in nickel and steel alloys for oil and gas environments; investment castings and forgings for general industrial, armament, medical and other applications; nickel and titanium alloys in all standard mill forms from large ingots and billets to plate, foil, sheet, strip, tubing, bar, rod, extruded shapes, rod-in-coil, wire and welding consumables, as well as cobalt alloys, for the aerospace, chemical processing, oil and gas, pollution control and other industries; revert management solutions; fasteners for automotive and general industrial markets; alloys for the investment casting and forging industries; heat treating and destructive testing services for the investment cast products and forging industries; refiner plates, screen cylinders and other products for the pulp and paper industry; grinder pumps and affiliated components for low-pressure sewer systems; auxiliary equipment and gas monitoring systems for the power generation industry, and metalworking tools for the market and other applications.

Investment Cast Products

The Company’s Investment Cast Products segment manufactures investment castings for aircraft engines, IGT engines, airframes, medical implants, armament, unmanned aerial vehicles and other industrial applications. The segment also provides alloys to PCC’s investment casting operations, as well as to other investment casting companies. The Company manufactures investment castings for every jet aircraft engine program in production or under development by its customers. The Company also manufactures structural and airfoil investment castings for IGT and aeroderivative engines used for electric power generation and other applications. In addition, the Company make investment castings for use in the medical implant, satellite launch vehicle and general industrial markets.

The Company’s structural castings business manufactures the nickel-based super-alloy, titanium and stainless steel investment castings across the world, as well as structural castings in these same alloys and in aluminum. The nickel, titanium and steel castings are stationary components that form portions of the fan, compressor, combustor and turbine sections of a jet aircraft engine, where strength and structural integrity are critical. Aluminum structural castings are used in applications, such as doors and thrust reversers. Structural investment castings are sold as original equipment to jet aircraft engine manufacturers.

The Company manufactures precision cast airfoils, such as the stationary vanes and rotating blades used in the turbine section of jet aircraft engines. The Company uses casting technologies to manufacture turbine airfoils. The Company is a supplier of investment castings used in IGT engines. In addition to IGT components, the Company manufactures structural and airfoil castings for aeroderivative gas turbine engines, which are also used for power generation, as well as for other commercial and military land and marine-based applications. The Company also manufactures titanium components for armament systems. Investment Cast Products segment produces alloys used by PCC and other manufacturers of investment castings.

The Company competes with Alcoa Inc. and Allegheny Technologies, Inc.

Forged Products

The Company is a manufacturer of forged components for the aerospace and power generation markets. Forged Products’ aerospace and IGT sales are derived from the engine customers served by the Investment Cast Products segment. The Company also produces seamless pipe for coal-fired, industrial gas turbine and nuclear power plants, as well as downhole casings and clad pipe for severe service oil and gas environments. In addition, the Company manufactures nickel-based alloys used to produce forged components for aerospace and non-aerospace applications in markets, such as oil and gas, chemical processing and pollution control. The Company’s titanium products are used to manufacture components for the commercial and military aerospace, power generation, energy, and industrial end markets.

The Company manufactures forged components from titanium and nickel-based alloys for commercial and military aircraft engines and IGT power plants, including fan discs, compressor discs, turbine discs, seals, spacers, shafts, hubs and cases. The Company’s airframe structural components are used on both commercial and military aircraft, including landing gear beams, bulkheads, wing structures, engine mounts, struts and tail flaps, and housings. The COmpany also produces mechanical and structural tubular products from steel and nickel alloys in the form of extruded seamless pipe, for markets, which include coal, IGT and nuclear power plants and co-generation projects, as well as nickel-alloy casing and tubular products for exploration and production by the oil and gas industry.

The Company is a producer of titanium melted and mill products. The Company’s titanium products are used to manufacture components for the commercial and military aerospace, power generation, energy and industrial end markets.

The Company competes with Allegheny Technologies, Inc., Fortech, S.A., Thyssen AG, Alcoa Inc., Firth Rixson Limited, Vallourec & Mannesmann Tubes, Sumitomo Corporation, Carpenter Technology Corporation, and RTI International Metals, Inc.

Airframe Products

The Company’s aerospace fasteners and related components are manufactured from nickel, titanium, aluminum and steel alloys and are used on airframes, jet engines, aircraft wheels and brakes, landing gear assemblies, floor boards and hydraulic systems. These components are found in areas of an aircraft, including wing-to-fuselage, stabilizer-to-fuselage and the engine-to-wing joints, as well as airfoil-to-disc and disc-to-shaft connections on a jet engine. The product line includes bolts, sleeved fastening systems, nuts, nut plates, latches, expandable diameter fasteners, quick release pins, hydraulic fittings, bushings, inserts, collars and other precision components.

The Company’s products are marketed under the brand names of AVILOK, BALL-LOK, CHERRYBUCK, CHERRYMAX, CHERRYLOCK, E-NUT, FLEXLOC, FLEXMATE, FORCEMATE, FORCETEC, GROMEX, HI-LIFE, MAKE FROM SOLIDTM, MAXIBOLT, PERMALITE, PERMASWAGE, SLEEVbolt, STA-LOK, TELLEP and TUKLOC. The Company’s aerostructures facilities manufacture complex components and structural assemblies, including machined aluminum and titanium components, complex sheet metal fabrications, and composite and metal-bonded components.

The Company competes with Alcoa Inc., LISI, LMI, Triumph Group, Inc. and TransDigm Group, Inc.

Company Address

Precision Castparts Corp

4650 SW Macadam Ave Ste 400
PORTLAND   OR   97239-4262
P: +1503.9464800
F: +1503.4174817

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