Sunday 27 May 2018

Siemens, Chromalloy JV to set up new US plant

BERLIN, May 9, 2017

Advanced Airfoil Components, a joint venture between global technology leader Siemens and Chromalloy Gas Turbine Corporation, will be setting up a new manufacturing facility in the US.

Chromalloy is a leading supplier of technologically-advanced repairs, coatings and services for turbine airfoils and other critical engine components for commercial airlines, the military and industrial turbine applications.

The primary scope of the company will be turbine blade and vane cast components for power generation, said a statement from the company.

Both partners are investing approximately $130 million in combined value to create a new production facility. This investment will create up to 350 new jobs in the US, it said.

The location of the facility is being finalised and multiple southern states are under evaluation. The project is scheduled for completion in the fall of 2018, it added.

The stand-alone manufacturing plant will supply only to Siemens. Start-up part qualifications and production shipments are in process at Chromalloy's existing facility, said a statement.

Willi Meixner, CEO of the Siemens Power and Gas Division, said: “The decision to form a joint venture and a new production facility continues our strong commitment to the US as a business location.”

“Our company has a strong footprint in the US with more than 60 manufacturing sites and approximately 50,000 employees. In the last 15 years Siemens has invested $40 billion in the US,” he stated.

“Our companies already have a long-lasting supplier relationship, and the new joint venture will exclusively supply Siemens with casting components for our gas turbines. We will continue our established key casting supplier partnerships and all the existing long-term agreements will be executed," Meixner added.

Carlo Luzzatto, president of Chromalloy, said: “We are excited to take our relationship with Siemens to the next level.”

“Continuing to build our partnership is very important and shows the value we place in each other's capabilities and expertise,” he said.

“Our company continues to be a leader in providing innovative, high-technology manufacturing capabilities for gas turbine engines. And we are excited to bring those capabilities to help create and grow this new business with Siemens," he concluded. – TradeArabia News Service

Tags: US | Siemens | plant |

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