CUDAHY, Wisc., Aug. 6 /PRNewswire-FirstCall/ -- Ladish Co., Inc.
(http://www.ladishco.com) (Nasdaq: LDSH) has announced the expansion of its
manufacturing capabilities in Poland. The new manufacturing capabilities
support customer demand for value-added operations to forged products for
aerospace and industrial markets. The capital investment of $5 million will
be expended over the next several years as equipment is installed and
employees trained.
Commenting on the expansion, Kerry L. Woody, Ladish's President and
CEO, said, "The response of global customers to ZKM Forging's entrance into
the EU aerospace marketplace has been rewarding. In addition to current
industrial and aerospace forging work, we also have numerous aerospace
orders in the negotiation pipeline. We recognize the opportunity to broaden
our product offering in Poland to position ZKM Forging to effectively
support its customers."
Ray Knutilla, Managing Director, European Operations for Ladish, said,
"The funds will be used to establish machining and nondestructive testing
capabilities in an existing facility adjacent to Ladish's ZKM Forging
(http://www.zkmforging.com) in Stalowa Wola. By strengthening our EU-based
capabilities in the area of post-forging manufacturing operations, we will
enhance our value within aerospace and industrial supply chains. This new
operation coupled with forging will provide a one-stop source with shorter
manufacturing lead times demanded by our customers."
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.zkmforging.com/ http://www.prnewswire.com
CONTACT:
Ray Knutilla of Ladish Co., Inc.,
+1-414-747-3568, Fax +1-414- 747-2680; or William J. Libby of
Libby Communications, +1-231-755-4111, Fax +1-231-755-4144
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