CUDAHY, Wis., March 19 /PRNewswire-FirstCall/ -- Cudahy Forging
(http://www.forging.com), an operation of Ladish Co., Inc.
(http://www.ladishco.com) (Nasdaq: LDSH), announced today that
refurbishments and upgrades to its Number 85 Hammer have been completed.
The unit will return to service this week. "We had an obligation to
customers who depend on this resource to resume production as fast as
possible, because the capabilities of this hammer are unmatched in the
forging industry," said Kerry Woody, Ladish's President and CEO. According
to Woody, maintenance was initiated in February and took six weeks to
finish.
Gene Bunge, Vice President of Engineering at Ladish, reported that both
the top and bottom rams of the five-story-tall counterblow hammer, each of
which weighs approximately 375,000 pounds, were installed. Bunge said,
"It's been 15 years since we've replaced both rams during the same
maintenance event. This was a major undertaking. It takes considerable time
to disassemble a hammer of this size and properly put it back together."
According to Bunge, the engineers who commissioned the hammer in 1959
rated the unit's energy capability conservatively. "We measured and
verified the operational characteristics during reassembly," said Bunge.
"Today we are confident in affirming not only the original baseline rating
of 125,000mkg, but also the nominal operating energy of 150,000mkg. It's
great to have this one-of-a-kind hammer producing parts again."
Ladish Co., Inc. is a leading producer of highly engineered,
technically advanced metal 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.
This release includes forward-looking statements that are made pursuant
to the safe harbor provisions of the Securities Litigation Reform Act of
1995. Such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those projected in them. These risks and uncertainties include, but are not
limited to, uncertainties in the company's major markets, the impact of
competition, the effectiveness of operational changes expected to increase
efficiency and productivity, worldwide economic and political conditions
and the effect of foreign currency fluctuations.
SOURCE Ladish Co., Inc.
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Related links:
http://www.ladishco.com
http://www.forging.com
CONTACT:
Gary Vroman of Ladish Co., Inc.,
+1-414-747-2613, fax, +1-414-747-2680; or William J. Libby of
Libby Communications, +1-231-755-4111, fax, +1-231-755-4144, for
Ladish Co., Inc.
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