Lorain, Ohio facility installs new VCC to produce more ToughtMet®
LORAIN, Ohio--(BUSINESS WIRE)--
Materion Brush Performance Alloys (Materion) has added a vertical
continuous caster (VCC) to its Lorain, Ohio facility to meet growing
demands for ToughMet, a unique copper-nickel-tin alloy that is used in
the oil and gas, aerospace, heavy machinery and electronics markets. The
new VCC, which started producing materials in July, will double
Materion's capacity for ToughMet and other high-performance alloys.
Materion commissioned its first VCC in 1997 and introduced the ToughMet
product line in 1999. The alloy is sold in bulk, strip, rod/wire and
finished machined component product forms.
With its unique combination of strength, lubricity, and corrosion and
wear resistance under severe loading conditions, this copper-nickel-tin
alloy has become one of the Company's most successful materials across
many different markets.
ToughMet shipments have grown at a compound rate greater than 20 percent
per year since 2003 and growth is expected to continue at or near this
pace for the next three years.
Materion Brush Performance Alloys, headquartered in Mayfield Heights,
Ohio, is a unit of Materion Brush Inc., a wholly owned subsidiary of
Materion Corporation (NYSE: MTRN). Through its subsidiaries, Materion
supplies worldwide markets with alloy products, beryllium products,
electronic products, precious metal products, and engineered material
systems. Around the world, the Company's engineered materials can be
found in technically demanding end-use products within the
telecommunications and computer, automotive electronics, appliance,
industrial components, plastics tooling, optical media, oil and gas,
aerospace and defense, and off-highway and mining equipment markets.
Visit www.Materion.com
for additional information.
Materion Corporation
Investors:
Michael
C. Hasychak, 216-383-6823
or
Media:
Karen
Ducatman, 216-383-4090
http://www.materion.com
Mayfield
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Source: Materion Corporation
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