ALBANY, Ore., April 18 /PRNewswire-FirstCall/ -- Pacific Cast
Technologies, Inc. (http://www.paccast.com) ("PCT"), a wholly owned subsidiary of
Ladish Co., Inc. (http://www.ladishco.com) ("Ladish"), plans to build a new
state-of- the-art VAR casting furnace at its Albany, Oregon plant. The
furnace will provide additional melting capacity for 2009 and beyond in
response to growing demand for aerospace titanium castings.
"Expanding our melting capability signals our continued strong
commitment to serving our customers' rapidly increasing engine and airframe
build rates," said Randy Turner, President of PCT. "We have every reason to
believe today's booming aerospace market is sustainable for many years to
come."
"This $5 million capital investment will double PCT's current foundry
capacity while simultaneously increasing operating efficiencies utilizing
the latest melting technologies available," added Mr. Turner. Furnace
completion and certification is scheduled for fourth quarter of 2008.
"PCT contributes significantly to the Ladish family of businesses,"
said Kerry L. Woody, President and CEO of Ladish. "This is just one more
step in their plan for continued market penetration and growth, and we're
confident this investment will benefit PCT's customers as well as Ladish's
growth plan."
Pacific Cast Technologies, Inc. supplies investment cast titanium parts
for airframe, turbine engine, and aerospace structural applications.
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.paccast.com
http://www.ladishco.com
CONTACT:
Wayne E. Larsen of Ladish Co., Inc.,
+1-414-747-2935, Fax: 414-747-2890; or William J. Libby of Libby
Communications, +1-231-755-4111, Fax: 231-755-4144, for Ladish
Co., Inc.
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