United States

Profile: Precision Castparts Corp (PCP.N)

PCP.N on New York Stock Exchange

29 Jan 2016
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Precision Castparts Corp., incorporated on October 25, 1956, is a manufacturer of metal components and products. The Company provides investment castings, forgings, fasteners/fastener systems and aerostructures for aerospace and power applications. The Company has three business segments: Investment Cast Products, Forged Products and Airframe Products. The Company's 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 Company's 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 Company's Airframe Products segment manufactures fasteners, fastener systems, fluid fittings, aerostructures and precision components, primarily for aerospace applications.

Investment Cast Products

The Company's Investment Cast Products segment manufactures structural investment castings and airfoil investment castings used in jet aircraft engines. The segment also provides alloys to its investment casting operations, as well as to other investment casting companies. Its structural castings business manufactures the nickel-based superalloy, titanium and stainless steel investment castings, as well as a range of medium and small 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. Aluminum structural castings are used in such applications as doors and thrust reversers. Structural investment castings are sold primarily as original equipment to jet aircraft engine manufacturers. It manufactures cast airfoils, such as the stationary vanes and rotating blades used in the turbine section of jet aircraft engines. It supplies investment castings used in IGT engines. The Investment Cast Products segment accounted for approximately 25% of its sales in fiscal 2015.

Forged Products

The Company's Forged Products segment manufactures forged components for commercial and military aircraft engines and IGT power plants, including fan discs, compressor discs, turbine discs, seals, spacers, shafts, hubs and cases. Its airframe structural components are used on both commercial and military aircraft and include landing gear beams, bulkheads, wing structures, engine mounts, struts and tail flaps and housings. It also produce a range of mechanical and structural tubular products from steel and nickel alloys, primarily in the form of extruded seamless pipe, for domestic and international energy 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. For naval defense applications, it supplies forged components for propulsion systems on nuclear submarines and aircraft carriers, as well as forgings for pumps, valves and structural applications.

It produces nickel-based alloys for use in power (primarily oil and gas), commercial and military aerospace, chemical and petrochemical processing, thermal processing, electrical and heating elements, and marine and welding applications. It produces nickel alloys in all standard mill forms from 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. These alloys are sold under INCONEL, INCOLOY, MONEL, NIMONIC, UDIMET, BRIGHTRAY and NILO trademarks. Its titanium melted and mill products are used to manufacture components for the commercial and military aerospace, power generation, energy and industrial end markets. It provides nickel superalloy and titanium revert management solutions for the aerospace, oil and gas and energy markets. Revert includes metal chips, casting gates, bar ends, forging flash and other byproducts from forging, casting, fasteners and aerostructures manufacturing processes that can be re-melted and reused. The Forged Products segment accounted for approximately 43% of its sales in fiscal 2015.

Airframe Products

The Company's Airframe Products segment develops and manufactures fasteners, fastener systems, aerostructures and precision components. Its aerospace fasteners and related components are manufactured from a range of 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. The product line includes a range of bolts, sleeved fastening systems, nuts, nut plates, latches, expandable diameter fasteners, quick release pins, hydraulic fittings, bushings, inserts, collars and other precision components, including but not limited to metallic and composite assemblies and precision-machined components for airframe applications. These 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 Airframe Products segment also includes businesses that produce refiner plates for use in the pulp and paper industry; grinder pumps and affiliated components for low-pressure sewer systems for residential and commercial applications; auxiliary equipment and gas monitoring systems utilized in the power generation industry; engineered fasteners and cold-formed parts for the automotive and general industrial market, and a range of thread-rolling dies, trimming dies, pins and steel and carbide forging tools for fastener production, principally for aerospace, automotive, and industrial and other applications. The segment includes Aerospace Dynamics International, which is a supplier in the aerospace industry, operating a range of high-speed machining centers. The Airframe Products segment accounted for approximately 32% of its sales in fiscal 2015.

The Company competes with Alcoa Inc., Allegheny Technologies, Inc., ATI, Aubert & Duval SAS, Otto Fuchs KG, Vallourec SA, Nippon Steel Sumitomo Metal Corporation, Carpenter Technology Corporation, ThyssenKrupp AG, RTI International Metals, Inc., Verkhnaya Salda Metallurgical Production Organization, LISI, TransDigm Group, Inc., GKN PLC, Triumph Group, Inc., Mitsubishi Heavy Industries, Ltd. and Kawasaki Heavy Industries, Ltd.

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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