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Nadicom to Build $85M Wind Plant The North American Ductile Iron Co. (Nadicom), Fulton,
Md., recently announced plans to locate the company’s first North American ductile iron casting facility in Iowa City, Iowa. The facility is expected to have the capacity to pour
and machine large castings with an initial focus on the wind turbine market. The $85 million plant should employ 175. Nadicom Chief Executive Officer Prasad Karunakaran said multiple factors were considered when choosing the location. “We plan to build this operation from the ground up
and wanted a location that would allow us to…maximize productivity,” he said. “This Iowa City site provided a central location , complete with rail and other logistical consider- ations, and access to a world-class workforce.” The Iowa City Area Development Group indicated it had
been in discussions with Nadicom, as well as Iowa City and the State of Iowa, about the location since August 2010. The city and state have pledged to work with the company to begin operations by 2013. Karunakaran said utility rates in the area were competitive, and Nadicom plans to use a local community college job training program.
METAL
Allegheny Technologies Buys Ladish, Including PCT
Allegheny Technologies Inc. (ATI), Pittsburgh, announced
it has completed its acquisition of Ladish Co. Inc., Cudahy, Wis., owner of investment casting industry leader Pacific Cast Technologies (PCT), Albany, Ore. The two companies announced they planned to merge
in early May and completed the deal several days later. Under the terms of the agreement, each outstanding share of Ladish common stock has been converted into the right to receive $24 in cash and 0.4556 of a share of ATI com- mon stock. “ATI Ladish is now an operating company of our High
Performance Metals segment,” said Richard Harshman, chair- man, president and chief executive officer of ATI. PCT (now ATI Pacific Cast Technologies) supplies com-
mercial, military and aerospace OEMs with airframe, launch vehicle and turbine engine structural components. The facility specializes in investment cast titanium parts. ATI also operates a ferrous metalcasting facility, ATI Casting Service, LaPorte, Ind. “ATI Ladish adds to our capability to produce highly
engineered and technically complex parts,” Harshman said. “We offer customers, particularly in the aerospace market, an integrated, stable and sustainable supply chain, which now includes advanced forging, casting and machining assets for titanium alloys, nickel-based superalloys and specialty alloys.” ATI provides specialty metals solutions worldwide and
employs approximately 11,000 full-time workers. ATI and Ladish together reported revenues of approximately $4.8 billion over the last 12 months.
METAL July/August 2011 For Design engineers & PurchAsers 11
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