Will Increase Capacity to Make Larger,
High-Quality Titanium, Nickel and 3D-Printed Components
- Alcoa investing $22 million in Michigan
for latest Hot Isostatic Pressing (HIP) technology, which
strengthens the metallic structure of titanium, nickel and
3D-printed jet engine parts
- Alcoa’s newest and largest HIP
production system will give it in-house capabilities to treat
larger parts for the world’s top-selling jet engines
- Growing aerospace demand, combined with
increased output from Alcoa’s expansions in LaPorte, Indiana and
Hampton, Virginia and advanced 3D printing capabilities, driving
need for more HIP capacity
- Alcoa owns and operates one of world’s
largest HIP technology complexes in aerospace, having pioneered its
use for aerospace in 1973
Lightweight, high-performance metals leader Alcoa (NYSE:AA) is
investing $22 million in Hot Isostatic Pressing (HIP) technology at
its facility in Whitehall, Michigan. The investment will enable
Alcoa to capture growing demand for advanced titanium, nickel and
3D-printed parts for the world’s bestselling jet engines. Steep
ramp-up rates for narrow- and wide-body aircraft engines—the
top-selling jet engines in the world—are increasing Alcoa’s need
for such capabilities.
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Alcoa is investing $22 million in
Whitehall, Michigan for Hot Isostatic Pressing (HIP) technology
which strengthens the metallic structure of titanium, nickel and
3D-printed jet engine parts. (Photo: Business Wire)
“As aerospace growth soars, Alcoa continues to invest in the
latest technologies, creating added capacity to capture
fast-growing demand,” said Olivier Jarrault, Executive Vice
President and Alcoa Group President, Engineered Products and
Solutions. “Combined with our expansions in LaPorte, Indiana and
Hampton, Virginia and our growing 3D printing capabilities, this
investment will give Alcoa the broadest capabilities to deliver
high-quality titanium, nickel and 3D-printed parts for the world’s
bestselling jet engines.”
HIP involves the simultaneous application of high pressure and
temperatures to significantly improve the mechanical properties and
quality of cast products, such as blades and structures for jet
engines. In addition, the process increases the density of
3D-printed parts made using powdered metals, improving product
consistency, strength and lifespan. All titanium, 3D-printed and
some nickel parts used for jet engines must be treated using the
HIP process.
Alcoa already owns and operates one of the world’s largest HIP
technology complexes for aerospace. This investment will expand
Alcoa’s capabilities even further, enabling it to process its
largest jet engine parts in-house. Through expansions in LaPorte,
Indiana and Hampton, Virginia, and by expanding its 3D printing
capabilities, Alcoa is extending its product range for next
generation narrow- and wide-body aircraft engines, increasing its
need for HIP capabilities. With this investment, Alcoa will be able
to process any cast jet engine product in its current
portfolio.
Alcoa is installing this new technology at its Alcoa Power and
Propulsion facility in Whitehall, Michigan and expects it will be
ready for product qualification in 2016. Alcoa’s eight other HIP
production systems are also located in Whitehall, where it has a
concentration of engineering and technical resources. Alcoa
pioneered this technology in the aviation industry in 1973, and
moved its first unit from Battelle Laboratory to Whitehall in
1975.
Demonstrating its support for the expansion, the City of
Whitehall has approved a 12-year Industrial Facilities Tax
Exemption valued at over $1,000,000.
This investment supports Alcoa’s strategy to build its value-add
business for profitable growth and greater innovation in the
aerospace market. The Company expects robust global aerospace sales
growth of 9 to 10 percent in 2015 driven by strong deliveries
across the large commercial aircraft, regional jet and business jet
segments and sees a current 9-year production order book at 2014
delivery rates. Alcoa Power and Propulsion is expected to generate
$2.2 billion in revenues by 2016 as a result of its organic growth
expansions.
Editor’s Note: Caption for accompanying photo: Alcoa is
investing $22 million in Whitehall, Michigan for Hot Isostatic
Pressing (HIP) technology which strengthens the metallic structure
of titanium, nickel and 3D-printed jet engine parts.
About Alcoa Power and Propulsion
Alcoa Power and Propulsion, a major business unit of Alcoa, is
the number one supplier of nickel-based superalloy airfoils for jet
engine and industrial gas turbine applications. It is also a
leading supplier of structural castings made of titanium, aluminum
and superalloys for aero engines and airframes. Additional
value-add products and services include additive manufacturing,
vacuum melted alloys, advanced airfoil coatings and machining, hot
isostatic pressing and research and development. With 20 global
production facilities, Alcoa Power and Propulsion employs more than
9,500 people worldwide.
About Alcoa
A global leader in lightweight metals technology, engineering
and manufacturing, Alcoa innovates multi-material solutions that
advance our world. Our technologies enhance transportation, from
automotive and commercial transport to air and space travel, and
improve industrial and consumer electronics products. We enable
smart buildings, sustainable food and beverage packaging, high
performance defense vehicles across air, land and sea, deeper oil
and gas drilling and more efficient power generation. We pioneered
the aluminum industry over 125 years ago, and today, our
approximately 59,000 people in 30 countries deliver value-add
products made of titanium, nickel and aluminum, and produce
best-in-class bauxite, alumina and primary aluminum products. For
more information, visit www.alcoa.com, follow @Alcoa on
Twitter at www.twitter.com/Alcoa and follow us on Facebook
at www.facebook.com/Alcoa.
Forward-Looking Statements
This release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include those containing such words as
“estimates,” “expects,” “projects,” “sees,” “should,” “will,” or
other words of similar meaning. All statements that reflect Alcoa’s
expectations, assumptions, or projections about the future other
than statements of historical fact are forward-looking statements,
including, without limitation, statements regarding the benefits of
Alcoa’s advancements in aerospace technology; the expected timing
for product qualification of Hot Isostatic Pressing technology at
the Alcoa Power and Propulsion facility in Whitehall, Michigan;
forecasts concerning demand growth in the commercial aerospace
sector; and statements regarding Alcoa’s strategies, outlook, and
business and financial prospects. Forward-looking statements are
not guarantees of future performance and are subject to risks,
uncertainties, and changes in circumstances that are difficult to
predict. Important factors that could cause actual results to
differ materially from those expressed or implied in the
forward-looking statements include: (a) unfavorable changes in
general economic conditions or in the markets served by Alcoa,
including the aerospace market; (b) failure to successfully
implement, or to realize expected benefits from, new technologies,
investments, capacity expansions, or advanced manufacturing
processes, including Hot Isostatic Pressing technology, or other
innovative products and solutions, whether due to competitive
developments, changes in the regulatory environment, trends and
developments in the aerospace, metals engineering and manufacturing
sectors, or other factors; (c) Alcoa’s inability to achieve the
level of revenue growth anticipated from its organic growth
expansions in its value-add businesses; and (d) the other risk
factors discussed in Alcoa’s Form 10-K for the year ended December
31, 2014, and other reports filed with the Securities and Exchange
Commission. Alcoa disclaims any intention or obligation to update
publicly any forward-looking statements, whether in response to new
information, future events or otherwise, except as required by
applicable law.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150602005290/en/
AlcoaInvestor ContactNahla Azmy,
212-836-2674Nahla.Azmy@alcoa.comorMedia ContactChrista Bowers,
212-836-2605Christa.Bowers@alcoa.com
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