Allegheny Technologies Inc. announced that its board of directors approved an investment to expand its isothermal forging and heat-treating capacities to satisfy growing demand from the aerospace market. This self-funded, multiyear expansion of approximately $95 million represents ATI’s fourth isothermal press, which will be located at the company’s forging center of excellence in Cudahy, Wis. The associated heat-treating expansion will also be in Cudahy.
The expansion will take approximately 3 years to complete and fully qualify for aerospace-related production. According to ATI, the investment will enable its High Performance Materials and Components (HPMC) segment to meet its longer-term financial goals by increasing capacity to produce technologically advanced powder-to-isothermally-forged jet-engine components. Once completed and fully qualified, the project will enable ATI to meet the increasing production requirements for existing long-term agreements with its engine OEM partners.