Carpenter Technology Corporation

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Carpenter Technology Corporation​

Boeing uses titanium fasteners to attach sections of the Dreamliner 787​

It’s All About Innovation

Carpenter (NYSE:CRS) is a leader in the development, manufacture and distribution of cast/wrought and powder metal stainless steels and specialty alloys including high temperature (iron-nickel-cobalt base), stainless, superior corrosion resistant, controlled expansion alloys, ultra high-strength and implantable alloys, tool and die steels, and other specialty metals as well as cast/wrought titanium alloys

Product forms

large-diameter billet
hollow and multi-dimensional forged bar
cold finished bar including round, hexagon, square and custom shapes
precision flat strip and plate
wire, including rod, fine wire and ribbon and other shapes

Materials solutions

We provide materials solutions to the ever-changing needs of the automotive, aerospace, energy, industrial, medical, defense, and consumer products industries. Visit our Tech Center to research alloys and other technical information

Unlike most companies offering limited products and processes, Carpenter continues increasing its global manufacturing capacity and expanding operations to provide customers with single-source solutions for today’s ever-changing materials challenges

Our worldwide staff of expert metallurgists, research and development scientists, engineers and service professionals work closely with you to find innovative solutions for your specific product requirements. By providing this personalized consultation through direct customer contact, we offer the world marketplace a major marketing edge

Lobby & Carpenter Technology Corporation

 

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Aircraft Demand Hikes Titanium Fastener Use​

Carpenter Technology targets high value specialty metal markets for future growth

Carpenter Technology Corp. is expanding capacity to produce aerospace fasteners as part of a repositioning to high-value metal alloy markets

The $5 million investment will boost capacity for Dynamet titanium wire and bar in Clearwater, FL. A wholly-owned subsidiary of Carpenter Technology, Dynamet is a leading specialty producer for the aerospace fastener industry

"This investment will include construction of a new building and installation of proprietary manufacturing facilities to produce close tolerance, high performance wire for manufacturing titanium aerospace fasteners," says William Kent, vice president of Dynamet. "The capacity increase will address our customers' increasing demand for titanium aerospace fastener wire, which is projected to escalate with the introduction of new airframes and the increase in wide-body aircraft production during the next decade"

One example of new airframe design is the Boeing Dreamliner 787, which will use eight times more titanium fasteners that the single-aisle Boeing 737

The Dreamliner is best known for its use of lightweight carbon composites in the fuselage and wing. But titanium is also a big player in the aircraft's design because of its high strength-to-weight ratio. According to data supplied by Boeing to Design News, titanium makes up 15 percent of the materials in the Dreamliner by volume

Carpenter Technology, which was founded in 1889, has accelerated efforts in recent years to focus on specialty alloys, which represent only 2 percent of total industry volume, but more than 9 percent of total revenue. The average selling price of carbon steel is 28 cents per pound versus $1.28 per pound for stainless, $7.25 per pound for superalloys and $25 per pound for titanium

Specialties grow

In recent years, even stainless markets have become commoditized. In 2004, stainless steel represented 48 percent of Carpenter Technology's total revenue, while specialty alloys were 40 percent. By last year, specialty alloys represented 53 percent of the company's market share, while stainless had dropped to 34 percent

Another high-value platform for Carpenter technology is powder metals

Late last year, Carpenter Technology announced plans to acquire a 40 percent interest in Sandvik Powdermet AB and Sandvik AB is acquiring a 40 percent interest in Carpenter Powder Products AB

The joint venture will provide Carpenter with access to Sandvik Powdermet AB's market for near-net-shape powder products, and will ensure Sandvik's long-term supply of high quality powder