Bodycote expands its hot isostatic pressing capacity in USA (US)

Share on Facebook0Share on Google+0Tweet about this on TwitterShare on LinkedIn0Pin on Pinterest0Email this to someonePrint this page

Hot isostatic presses (HIP) employ pressurized heated gas for consolidation, densification, or bonding of high performance components and materials. (Credit Photo @ Avure)

Engineering firm Bodycote has announced a £12.75m investment programme in north America as it looks to win more business in the aerospace, defence and energy markets. Macclesfield-based Bodycote is investing to grow its Hot Isostatic Pressing (HIP) division. HIP is an industrial process which treats metal components using gas at very high temperature and pressure to make them stronger and longer lasting. Bodycote’s investment will add capacity to its facilities in Camas, Washington and Andover, Massachusetts. It says the investment will ensure it continues to win business in the aerospace, defence and energy markets and will enable it to capitalise on the rapidly growing demand for HIP product fabrication business. The cash will be spent over the next 18 months and Bodycote says the move will strengthen its position as the world’s leading network of HIP equipment with a ‘fleet’ of more than 50 units. The firm, which also operates in the automotive, construction, medical and transport sectors, has also signed a five year deal to provide HIP treatments on engine components for a US manufacturer. It has been recruited by worldwide metal components manufacturer Precision Castparts Corp to provide services through its network of plants in the US. Bodycote will use HIP treatments on PCC components made from materials such as titanium, aluminium and steel alloys. PCC, which already has a long-term relationship with Bodycote, said the deal would help it increase capacity in its aerospace and energy businesses. Bodycote shares were up 0.09 per cent, or 0.3p, to 344.3p on the news

Posted in Strategy.

Leave a Reply

Your email address will not be published. Required fields are marked *