Released on August 29, 2007

Pacific Cast Technologies Inc. (PCT) recently announced a $12-million company upgrade, including an expansion of the melting capacity at its Albany, Ore., facility.

The company, a wholly owned subsidiary of Ladish Co. Inc., Cudahy, Wis., will install a new VAR furnace as part of a larger growth strategy that also involves the company’s post-casting operations. According to a company press release, PCT has planned the expansion in response to growing demand for its aerospace castings.

“Our major customers are extending their long-term agreements with us. This is a clear signal of our customers’ belief in the sustainability of this aerospace cycle and of their confidence in PCT to respond to their requirements,” said Randy Turner, president of PCT. “In the face of this demand, we will double our finishing and inspection capabilities. The expansion project will break ground in December of this year. Production output is planned for first quarter 2009.”

According to Turner, PCT currently participates in growing engine programs with Rolls-Royce, General Electric, IHI, MHI and Snecma, as well as in airframe components for Boeing and Airbus.

“We believe we will see above-average, sustainable demand for the medium term—three to seven years out—and that we will maximize organic growth through expanded investments during this cycle," Turner said.