Carpenter to build steel plant in northern Alabama
Nov. 3, 2011 - Carpenter Technology Corporation, a specialty steel manufacturer for the aerospace, energy and other industries, has announced plans to construct a new 400,000-square-foot state-of-the-art manufacturing facility near Athens in Limestone County, Ala.
The $500 million project is expected to create more than 200 jobs. The site selection process began in January with 250 potential locations around the world.
"After further analyzing state, county and local incentives, utility costs and labor resources, we felt Limestone County provided the best opportunity for us to expand our core business," said William A. Wulfsohn, the company’s president and CEO.
Bernard Mara, Carpenter’s vice president of global advanced engineering, added that the search was not just looking at incentives offered by local governments. “It was some of the qualitative things we were looking for,” Mara said. “A place that had a good source of labor resources, specific skill sets, and the ability to train and develop people where those skill sets didn’t exist.”
Carpenter Technology, headquartered in Wyomissing, Pa., manufactures stainless steel, titanium and other specialty metals and engineered products. The plant is being built in response to strong customer demand for premium alloy products, primarily in the fast-growing aerospace and energy industries.
“We are very pleased that Carpenter has shown its confidence in our workforce and our workforce training programs by investing more than $500 million in our state,” said Alabama Development Office Director Greg Canfield.
The new facility will ultimately be capable of producing about 27,000 tons per year of premium product.
Read more at the Alabama Development Office website.