Siemens and Chromalloy form casting joint venture

• 7 years ago (2017-05-10)
• David Flin

Gas 393 North America 1021

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Siemens and Chromalloy Gas Turbine Corporation have entered a partnership to form a new joint venture called Advanced Airfoil Components. The primary scope of the company will be turbine blade and vane cast components for power generation. Both partners will invest approximately $130 million to create a new production facility, creating up to 350 new jobs in the USA. Ground breaking of the new manufacturing facility is due to take place later this year. Several locations in the south of the country are being evaluated, and completion is due in autumn 2018. The stand-alone manufacturing plant will supply only to Siemens.

Willi Meixner, CEO of Siemens Power and Gas Division, said: “The decision to form a joint venture and a new production facility continues our strong commitment to the USA as a business location. Siemens and Chromalloy already have a long-lasting supplier relationship. Our new joint venture will exclusively supply Siemens with casting components for our gas turbines. We will continue our estabslished key casting supplier partnerships and all the existing long-term agreements will be executed.”