CARPENTER TECHNOLOGY CORPORATION Overview
COMPANY OVERVIEW Company Headquarters: Pennsylvania, US
Founded: 1889
Workforce: 4,800
Company Working: Carpenter Technology Corporation (Carpenter Technology) is a leading manufacturer of high-performance specialty alloys and process solutions for various industries including automotive, aerospace, defense, energy, medical and consumer electronics. The company operates its business through two segments, namely specialty alloys operations, and performance engineered products. The specialty alloy operations segment offers cast/wrought and powder stainless steels, high temperature (nickel, cobalt, and iron-base) superalloys, high-strength steel, and tool & die steels. The company has manufacturing facilities and distribution centers located across the US, Sweden, Canada, Singapore, China, Mexico, Taiwan, UAE, and Belgium. In 2018, the expenditure incurred on research and development was USD 19.3 million.
Strategy
Carpenter Technology is continuously investing in the expansion of its production capacity and research and development as a longterm growth strategy. Moreover, the company is also focusing on increasing geographic sales. For instance, in 2018, the company increased its revenue from outside the US by 22% to USD 728.3 million. Also, to cater to the high demand in the aerospace and defense, medical, and industrial and consumer end-use markets in Europe and Asia-Pacific, the company is emphasizing on expanding its supply chain and developing long-term relations with the customers
