PTC Alliance Investments Support Changing Customer Needs
01/15/2008 - Following its February 2006 acquisition of Pennsylvania Cold Drawn, PTC Alliance has invested approximately $7 million to establish a dedicated components facility in Beaver Falls, Pa.; the facility is intended to serve the tubular component needs of the hydraulic cylinder market.
As it continues to build its dedicated components facility in Beaver Falls, Pa., PTC Alliance has made continued investments totaling approximately $7 million since its February 2006 acquisition of Pennsylvania Cold Drawn.
“In 2006, this acquisition expanded our product offering to our customers,” said Peter Whiting, Chairman and CEO of PTC Alliance. “Additionally, opportunities exist to add further processing and product capability in support of our customer's needs.
The dedicated components facility, which is to serve the tubular component needs of the hydraulic cylinder market, comprises a 100,000-square-foot building plus investment in dedicated tube fabricating equipment. To man the new facility and continue its commitment to being the global premier mechanical tubing provider, PTC Alliance plans to expand its workforce by 70 people.
In addition to traditional tube manufacturing, new equipment at the Beaver Falls facility will include precision cutting, machining, flange welding and the attachment of other accessories that will enable tight specification components to be processed and shipped to customers ready for assembly.
“We understand that what may have worked in the past may well need to change, and we are prepared to embrace that change in support of our customers by making the appropriate investments in people and equipment" said Whiting.
PTC Alliance is a leading manufacturer and marketer of welded and cold-drawn mechanical steel tubing and tubular shapes, fabricated parts, precision components and chrome-plated rod. The company's major customers include steel service centers, automotive and truck manufacturers, construction and agricultural equipment OEMs and machinery and appliance makers. With eleven strategically located factories in North America and a manufacturing complex in Germany, PTC Alliance is able to minimize lead time, shipping distance and expense for its customers.
