Chromalloy to Invest $16.5 M to Expand its Tampa Engine Component Production

-- Facility Expansion Will Offer Industry a Single Source Supplier of PMA and Replacement Part Design, Development and Manufacture -- Chromalloy's Global Network Will Provide 'One-Stop Shop' for OEMs and Operators (San Antonio, April 21, 2009) -- Chromalloy, a supplier of components, PMA (Parts Manufacturer Approval) parts and specialized component repairs for turbine engines in aerospace and land-based applications, today announced a $16.5 million investment to expand its Tampa engine component production to offer additional casting capabilities. "Expanding the capabilities at our Tampa facility will offer engine manufacturers and operators a single source for replacement parts, from design and development through machining and coating," said Armand F. Lauzon, Jr., Chromalloy President. "This will offer customers a one-stop shop for turbine engine component production and casting. Original equipment manufacturers and operators including the airlines will be able to use the Chromalloy network and supply chain to fully meet their requirements for components and replacement parts." The company's Tampa facility is one of more than 30 operations and sales offices in its global network. "Expanding our casting capability will give Chromalloy superior ability to provide engine-ready parts," Lauzon said. "Working with original equipment manufacturers and directly with the operators, our technical staff will design the components, develop the tooling and manufacturing concepts, and manage the entire supply chain process to deliver complete, engine-ready components." OEMs and operators can reduce costs and save time using a single source for the development and production service for new and replacement equipment needs, rather than contracting with multiple suppliers for various facets of the production process. Operational improvements at the facility will begin immediately and the new equipment, including vacuum furnaces, will be installed beginning in July. Facility enhancements will be completed by year-end and the company plans to ramp up production in early 2010.
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Source: Chromalloy
Date: Apr 22, 2009