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HAYNES INTERNATIONAL

Company Profile Analysis

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HAYNES INTERNATIONAL - Chemicals & Materials showcase

Year Founded & Workforce

1912

1,157 Employees

Industry

Chemicals & Materials

Services

High-Temperature Resistant Alloys
H

HAYNES INTERNATIONAL Employee Contacts

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HAYNES INTERNATIONAL Overview

COMPANY OVERVIEW Company Headquarters: Indiana, US

Founded: 1912

Workforce: ~1,157

Company Working: HAYNES INTERNATIONAL (Haynes International) is one of the leading manufacturers and distributors of highperformance nickel‐ and cobalt‐based alloys for corrosion resistant and high-temperature applications. The company offers alloys in various forms including sheet, plate, bar, billet, seamless and welded pipe and tubing, fittings and flanges. It supplies high-performance alloys to the aerospace, power, chemical, wastewater treatment, and pharmaceutical industries. It operates through two business segments, namely corrosion-resistant alloys and high-temperature resistant alloys. Under the high-temperature resistant alloys segment, the company offers superalloys for hot sections of gas turbine engines in the aerospace and energy industries. Through the corrosion-resistant alloys segment, it offers superalloys for chemical processing and power plant emissions control. The high performance alloys are majorly sold under the brand names HAYNES and HASTELLOY. The company has six manufacturing facilities located in the US, and direct sales presence across the US, China, Japan, Singapore, the UK, Italy, France, and Switzerland.

Strategy

Haynes International aims at increasing its revenue by inventing new high-performance alloys, developing new applications for existing alloys, and expanding into new markets. In addition, it is focusing on establishing its market position by offering value-added services and increasing the global distribution network. Moreover, the company is working on optimizing the processes with lean manufacturing methods and expanding the product portfolio through targeted acquisitions

Company Snapshot

$406.4M

Revenue

1,157

Employees

1912

Founded

Indiana, US

Headquarters

SWOT Analysis

Strengths

  • Market leadership
  • High R&D investments (USD 3.22 million between 2017 and 2018)
  • Company operations are certified with ISO 9001, ISO 14001, ISO 50001, and OHSAS 18001

Weaknesses

  • Dependent on the US market
  • Dependent on raw material suppliers

Opportunities

  • Positive outlook of the US aviation and chemical industries
  • Expansion and mergers & acquisitions

Threats

  • High labor costs (the company entered into two collective bargaining agreements with the United Steel Workers of America)
  • Global recession
  • Fluctuating nickel prices

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Product Offering

  • HAYNES INTERNATIONAL
    • High-Temperature Resistant Alloys

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Global sales rose from USD 406.4 Mn in 2015 to USD 435.3 Mn in 2018.
HAYNES INTERNATIONAL — By Business Segment
Series (USD Mn)2015201620172018
Global sales406.4395.2435.3435.3

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