Wyomissing-based Carpenter Technology that manufactures and supplies specialty alloys comprising stainless steel alloys, super alloys and titanium alloys, is set to shift the manufacturing operations at its Carpenter Specialty Wire Products (CSWP) facility at Orangeburg in South Carolina to Wauseon in Ohio, which houses a sophisticated precision wire production facility.
While the precision wire manufacturing facility was obtained by Carpenter Technology as part of its purchase of Latrobe Specialty Metals in the beginning of this year, the specialty wire manufacturing facility at Orangeburg was purchased by Carpenter Technology in 1984 from AMAX Specialty Metal.
The Wauseon manufacturing facility produces other types of engineered steel wires in addition to precision stainless steel wires. Investment of US $3 million was made to expand the Wauseon facility which includes the installation of cutting-edge hydrogen atmosphere furnaces.
William A. Wulfsohn, President and CEO of Carpenter Technology stated that the company’s decision to move out of the Carpenter Specialty Wire Products facility was a strategic one and was based on Carpenter’s objective to maximize efficiency by consolidation of operations. According to William, the consolidation is envisaged to bring down the operational expenditure and facilitate the augmented growth of quality precision wire products supported by future investments. The transition from the Orangeburg Carpenter Specialty Wire Products facility to the Wauseon precision wire manufacturing facility is expected to be carried out over the next one and half years. The Orangeburg manufacturing facility will be closed once the transition is complete.
Source: http://www.cartech.com/