Carpenter says 4,500-ton press in Berks again in operation

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 stated in an announcement Thursday that it mixed repairs with upkeep that may have been due later.

“The Studying press is a chunk of extremely specialised tools that’s important to producing supplies for aerospace and choose different end-market functions,” Tony R. Thene, chief govt officer and president, stated in an announcement.

Repairs had been accomplished inside the firm’s goal time, he stated.

“As well as, whereas making the required repairs, we pulled ahead among the regular recurring upkeep actions that may have been needed later this 12 months,” Thene famous.

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

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

Carpenter was based in Studying in 1889 and now has 4,234 staff, 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 underneath the ticker image CRS. It opened Monday at $36.62. Prior to now 52 weeks, it has traded as excessive as $49.20 and as little as $26.84.

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