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Carpenter Technology to Invest $100 Million in New Equipment

Monday, April 2, 2018
 
Carpenter Technology Corp., Philadelphia, PA, producer and distributor of premium specialty alloys, including titanium alloys, nickel and cobalt-based superalloys, stainless steels, alloy steels and tool steels, has announced that will invest $100 million in soft magnetics capabilities and a new hot-rolling mill at its Reading, PA facility to help meet increasing demand for aerospace, consumer electronics and electric vehicle manufacturing customers.

“Given these significant market opportunities and the benefits associated with the recently enacted Tax Cuts and Jobs Act, we have decided to accelerate further investment into our business,” says Tony Thene, president and CEO of Carpenter Technology.

For more, www.cartech.com.

 

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