The US$500 million facility will manufacture approximately 27,000 tons per year of extra products.

"Earlier this year, we outlined a corporate strategy centred on optimizing our core business, accelerating growth with acquisitions, and investing in technology and capacity," said William A. Wulfsohn, president & CEO. "Our new facility will play a key supporting role in each of these areas. [...] This investment will also enable Carpenter to support the increased demand related to the Latrobe (pending), Amega West, and Oilfield Alloys acquisitions. Finally, this expansion will support increased demand expected from the sales of new technologies we plan to commercialize over the coming years."

Carpenter's facility will be built on one of several 200+ acre greenfield sites currently under consideration and will include remelting, forge, and associated finishing and testing capabilities.

 "The new facility will play a key role in further developing our capabilities in the production of our premium products, primarily serving the aerospace and energy markets,” said David L. Strobel, senior vice president, global operations.

The facility is expected to be operational in approximately 30 months.