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About Carpenter Technology Corporation
Carpenter Technology Corporation is an international developer, manufacturer and distributor of cast wrought and powder metallurgy specialty alloys/metals including superalloys, ultra-high strength steels, and stainless steel, as well as titanium alloys in a range of product forms. Headquartered in Reading, Pennsylvania, Carpenter Technology maintains manufacturing and distribution operations throughout the United States, Mexico, Europe and Asia. Its most recent facility is a service center in China.
In addition to the specialty alloys operation based in Reading, Carpenter acquired Dynamet Incorporated, Washington, Pa., a titanium alloy producer, and placed its tool steel and powder metallurgy business in the Carpenter Powder Products unit during the 1990s. In January 2011, the company announced the acquisition of Houston-based Amega West Services for $54 million; the deal expands Carpenter's business in the oil and gas drilling market (Amega West manufactures and services complex drilling components).
About 35% of revenue comes from business abroad, over half of that from Europe (56% of international sales), 22% from the rest of North America (Mexico 14%, Canada 8%), Asia pacific 17% with the rest of the world accounting for the other 5%. For the fiscal year ended June 2010 company net sales amounted to $1.2 billion 54% of which came from the sale of special alloy products (up 3% from the year before), 33% from stainless steels (down 1%), 9% from titanium products (down 1%) and 4% from other types (down 1% from the previous year). The aerospace (43% of revenue) and industrial (23%) industries are by far the largest end users of Carpenter Technology; their relative importance to business was unchanged between 2009 and 2010. Among other end users ($403.9 million in business in 2010) the consumer endustry (10% of net sales) was most important (breaking a tie with medical the year before) followed by medical (9%) and automotive (8%).