Norsk Titanium Announces 60 Percent Expansion in New York Production Capacity
Norsk Titanium AS , the world’s first FAA approved supplier of aerospace-grade, additive manufactured, structural titanium components, announced it has finalized a definitive purchase agreement for 12 of its Rapid Plasma Deposition™ (RPD™) Merke-IV™ machines with Fort Schuyler Management Corporation and Empire State Development for use in its Plattsburgh production center. This purchase agreement brings the total firm back-log and delivered machines for use in Plattsburgh, New York to 32 Merke-IV™ machines.
This agreement, signed 31 May 2017, is incremental to the 20-machine order announced last year. Machines from that order are currently being delivered throughout 2017. This new order will begin delivery in mid-2018 to Norsk Titanium’s Plattsburgh, New York production facilities. Each of these leading-edge machines is capable of producing up to 20 tons of printed material per year, with significantly less waste and machining energy, allowing for a cost savings of more than 30% over legacy forging and billet production techniques.
“Norsk Titanium’s new production and development facilities will bolster the North Country’s advanced manufacturing sector and the increasing demand for their products is great news for the local economy,” said Empire State Development President, CEO & Commissioner Howard Zemsky. “Norsk continues to meet or exceed their commitments to the State and we look forward to their continued growth in Upstate New York.”
Norsk Titanium’s choice to locate their first U.S. facility in the Plattsburgh region was due to its excellent transportation infrastructure, availability of a skilled and capable labor force, and the proximity to the large aerospace supply-chain community in the state and region.
“Plattsburgh New York has been ideal for us,” said Warren M. Boley, President and CEO of Norsk Titanium. “The State of New York has been a tremendous business partner and our growth in Plattsburgh is a testament to the value and opportunity that the game-changing Rapid Plasma Deposition™ (RPD™) technology delivers to customers.”
About Norsk Titanium AS
Norsk Titanium AS is the world’s pioneering supplier of aerospace-grade, additive manufactured, structural titanium components. The company is distinguished in the aviation industry by its patented Rapid Plasma Deposition™ (RPD™) process that transforms titanium wire into complex components suitable for structural and safety-critical applications. Norsk Titanium is a tier-1 supplier to Boeing and is committed to cost-reducing aerostructures and jet engines for the world’s premier aerospace manufacturers. RPD™ is the world’s first FAA-approved, 3D-printed, structural titanium, delivering substantial lead-time and cost savings for aerospace, defense, and commercial customers. www.norsktitanium.com
About Empire State Development
Empire State Development (ESD) is New York’s chief economic development agency (www.esd.ny.gov ). The mission of ESD is to promote a vigorous and growing economy, encourage the creation of new job and economic opportunities, increase revenues to the State and its municipalities, and achieve stable and diversified local economies. Through the use of loans, grants, tax credits and other forms of financial assistance, ESD strives to enhance private business investment and growth to spur job creation and support prosperous communities across New York State. ESD is also the primary administrative agency overseeing Governor Cuomo’s Regional Economic Development Councils and the marketing of “I LOVE NEW YORK,” the State’s iconic tourism brand. For more information on Regional Councils and Empire State Development, visit www.regionalcouncils.ny.gov and www.esd.ny.gov .
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Ved at skrive dig op her, vil du modtage pressemeddelelser på mail når de udsendes. Indtast din mail og følg instruktionerne. Det er ligeså let at melde sig fra igen.
Flere pressemeddelelser fra Business Wire
PREMIA-HOLDINGS19.9.2017 11:02 | pressemeddelelse
Premia Holdings Ltd. Announces the Appointment of Zsolt Szalkai to Lead Its European Operations
SEOUL-SEMICONDUCTOR19.9.2017 09:29 | pressemeddelelse
Seoul Semiconductor Files Patent Litigation for Infringement of 12 Acrich Patents
TMD-SECURITY19.9.2017 09:02 | pressemeddelelse
TMD Security’s Gas Defence Kit Combined with TMD’s Monitoring Software Delivers the Next Level in Active Protection against ATM Explosive Attacks
SOSEI-GROUP-CORPORATION19.9.2017 08:32 | pressemeddelelse
Sosei Announces Key Appointments of Head of Investor Relations and Corporate Communications and Group Financial Controller
NY-INTERNATIONAL-FLAVORS18.9.2017 22:18 | pressemeddelelse
IFF Expands Flavors Site in Cairo
PHARNEXT18.9.2017 18:03 | pressemeddelelse
Pharnext Amends the Protocol of the International Pivotal Phase 3 Trials of PXT3003 for Charcot-Marie-Tooth Disease Type 1A
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum