Carpenter Know-how says 4,500-ton press in Berks Co. that went down in December is again

READING, Pa. – Carpenter Know-how Corp., a maker of specialty metallic alloys, has put its 4,500-ton press in Berks County again into operation.

The Philadelphia-based firm mentioned in a press release Thursday that it mixed repairs with upkeep that may have been due later.

“The Studying press is a bit of extremely specialised tools that’s crucial to producing supplies for aerospace and choose different end-market functions,” Tony R. Thene, chief government officer and president, mentioned in a press release. Repairs had been accomplished inside the firm’s goal time, he mentioned, and “As well as, whereas making the mandatory repairs, we pulled ahead a few of the regular recurring upkeep actions that may have been obligatory later this 12 months.”

The corporate introduced the unplanned outage of the press in December.

“With the repairs behind us, we will give attention to satisfying buyer demand within the aerospace provide chain, the place a broad-based restoration continues to take form,” Thene mentioned within the assertion.

Carpenter was based in 1889 and now has 4,234 workers, based on its web site. Fiscal 12 months 2020 income was $2.18 billion.

Carpenter Know-how Inventory is traded on the New York Inventory Trade below the ticker image CRS. It closed Friday at $36.62. Up to now 52 weeks, it has traded as excessive as $49.20 and as little as $26.84.

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