CUDAHY, Wis., March 1 /PRNewswire-FirstCall/ -- Ladish Co., Inc.
(http://www.ladishco.com) ("Ladish") announced today its plans to build a new
isothermal forging press at its plant in Cudahy, Wisconsin. Isothermal forging
is an advanced, high-technology forging process for aerospace materials. It is
the process of choice for manufacturing critical, rotating, near-net-shape jet
engine components. Ladish currently has two isothermal presses, one rated at
4,500 tons and the world's largest, rated at 10,000 tons.
"Ladish has always been at the vanguard of forging technology," said Kerry
L. Woody, the company's President and CEO. "This project marks another
milestone for Ladish. Since the early 1970's when we built the world's first
isothermal press, we have pioneered the development of the isothermal process,
working hand in hand with jet engine manufacturers and raw material suppliers.
The new unit will be larger and more productive than our existing equipment
and will allow us to improve service to customers. Locating the new press next
to our other two isothermal resources allows us to take full advantage of the
engineering and operational expertise of our Wisconsin workforce."
"Airbus and Boeing are demanding engine makers such as GE and Rolls-Royce
provide commercial engines with significantly improved fuel efficiency and
fewer emissions," noted Gary Vroman, Ladish Vice President of Sales and
Marketing. "Engine manufacturers can only achieve this goal by using
superalloy materials and these materials must be forged on an isothermal
press. Market demand is now at an all-time high-and projected to go even
higher as the world's airlines upgrade their fleets. We have an 18-24 month
projected installation timeline to support a market showing every sign of
sustainable growth. There is simply no company better equipped than Ladish to
respond to this materials-technology requirement."
Ladish Co., Inc. is a leading producer of highly engineered, technically
advanced components for the jet engine, aerospace and general industrial
markets. Ladish is headquartered in Cudahy, Wisconsin with operations in
Wisconsin, Oregon, Connecticut and Poland. Ladish common stock trades on
Nasdaq under the symbol LDSH.
SOURCE Ladish Co., Inc.
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Related links:
http://www.ladishco.com
CONTACT:
Wayne E. Larsen, of Ladish Co., Inc.,
+1-414-747-2935, +1-414-747-2890 Fax; or William J. Libby, of
Libby Communications, +1-231-755-4111, +1-231-755-4144 Fax, for
Ladish Co., Inc.
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