Universal Stainless Enters Agreement with Haynes International
10/29/2013 - Universal Stainless & Alloy Products, Inc. has entered into a long-term agreement with Haynes International, Inc. whereby Universal Stainless will provide Haynes with vacuum induction melting (VIM) capacity as well as with forging services on a conversion basis.
In turn, Haynes will provide Universal Stainless with technology expertise for producing advanced nickel-based alloys.
Dennis Oates, chairman, president and CEO of Universal Stainless, commented, "This agreement with Haynes advances our plan to leverage the capabilities of our North Jackson facility, namely its VIM melting capacity and radial forge, while enabling us to benefit from Haynes well-established expertise in producing technologically advanced alloys, in line with our plan for North Jackson and for Universal overall. For Haynes, access to additional VIM capacity and our state-of-the-art hot working equipment will enable them to further execute their strategy to efficiently deliver the highest quality products to their customers."
Haynes International, Inc. is a leading developer, manufacturer and marketer of technologically advanced, nickel and cobalt-based high-performance alloys, primarily for use in the aerospace, chemical processing and land-based gas turbine industries.
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The company's products are used in a variety of industries, including aerospace, power generation, oil and gas, and heavy equipment manufacturing. Established in 1994, the company, with its experience, technical expertise, and dedicated workforce, stands committed to providing the best quality, delivery, and service possible.
Dennis Oates, chairman, president and CEO of Universal Stainless, commented, "This agreement with Haynes advances our plan to leverage the capabilities of our North Jackson facility, namely its VIM melting capacity and radial forge, while enabling us to benefit from Haynes well-established expertise in producing technologically advanced alloys, in line with our plan for North Jackson and for Universal overall. For Haynes, access to additional VIM capacity and our state-of-the-art hot working equipment will enable them to further execute their strategy to efficiently deliver the highest quality products to their customers."
Haynes International, Inc. is a leading developer, manufacturer and marketer of technologically advanced, nickel and cobalt-based high-performance alloys, primarily for use in the aerospace, chemical processing and land-based gas turbine industries.
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The company's products are used in a variety of industries, including aerospace, power generation, oil and gas, and heavy equipment manufacturing. Established in 1994, the company, with its experience, technical expertise, and dedicated workforce, stands committed to providing the best quality, delivery, and service possible.
