Pacific Cast Technologies Inc., the Albany, OR, investment casting operation, plans to increase its finishing and inspection capacity as a follow-up to the recent decision to expand its melting capacity. Like that decision, PCT credits growing demand for its aircraft and aerospace components.
This past spring PCT revealed plans for a $5-million expansion of its titanium melting capacity, including a new vacuum-arc refining furnace to double its melting capacity by 2009. Now, in a project set to break ground late this year for operation early in 2009, the plant's capacity for finishing and inspection of the castings will be doubled, too. The total investment is estimated at $12 million.
"Our major customers are extending their long-term agreements with us," states PCT president Randy Turner. "This is a clear signal of our customers' belief in the sustainability of this aerospace cycle and of their confidence in PCT to respond to their requirements."
Turner cites PCT's participation in engine programs with Rolls-Royce, General Electric, IHI, MHI, and Snecma, in supplying airframe components to Boeing and Airbus. "Our sales forecasts have identified the need for higher production levels beyond the near-term aerospace cycle. We believe we will see above-average, sustainable demand for the medium term -- three to seven years out -- and that we will maximize organic growth through expanded investments during this cycle," Turner states.
Kerry L. Woody, president and CEO of PCT's parent company Ladish Co. Inc., calls the investment caster a "key element" of the forging organization's strategy for growth. "Customers recognize the significant contribution PCT is making to their supply-chain improvement initiatives. The growth in demand for titanium engine and airframe components, reflected in a strong backlog and forecasted requirements, supports our continued investment in PCT," Woody states.
Pacific Cast Tech. to Double Finishing, Inspection Capabilities
Aerospace customers extending long-term contracts