public traded as nyse crs industry iron & steel founded june 1 1889 founder james h. carpenter headquarters reading pennsylvania usa area served northern and central america europe asia 1 key people tony r. thene president & ceo revenue 2 271.7 mil fy 1312 % 2 operating income 264.6 mil fy 1317.4 % 3 net income 146.5 mil fy 1320.5 % 3 total assets 1.583 billion june 105.73 % cur 820.2 mil total equity 573.2 million number of employees 4 800 dec 10 4 website www.cartech.com carpenter technology corporation is an international developer manufacturer and distributor of cast wrought and powder metallurgy specialty alloys metals including superalloys ultra high strength steels and stainless steel as well as titanium alloys in a range of product forms . headquartered in reading pennsylvania carpenter technology maintains manufacturing and distribution operations throughout the united states mexico europe and asia . its most recent facility is a service center in china . in addition to the specialty alloys operation based in reading carpenter acquired dynamet incorporated washington pa . a titanium alloy producer and placed its tool steel and powder metallurgy business in the carpenter powder products unit during the 1990s . in january 2011 the company announced the acquisition of houston based amega west services for 54 million ; the deal expands carpenter s business in the oil and gas drilling market amega west manufactures and services complex drilling components . 5 about 35 % of revenue comes from business abroad over half of that from europe 56 % of international sales 22 % from the rest of north america mexico 14 % canada 8 % asia pacific 17 % with the rest of the world accounting for the other 5 % . 1 for the fiscal year ended june 2010 company net sales amounted to 1.2 billion 54 % of which came from the sale of special alloy products up 3 % from the year before 33 % from stainless steels down 1 % 9 % from titanium products down 1 % and 4 % from other types down 1 % from the previous year . the aerospace 43 % of revenue and industrial 23 % industries are by far the largest end users of carpenter technology ; their relative importance to business was unchanged between 2009 and 2010 . among other end users 403.9 million in business in 2010 the consumer endustry 10 % of net sales was most important breaking a tie with medical the year before followed by medical 9 % and automotive 8 % . 6 contents 1 beginnings 2 markets 3 materials experience 3.1 products industries and brands 4 controversies 5 gallery 6 references 7 external links beginnings edit the company was founded by james h. carpenter and a small group of new york city investors on june 1 1889 as the carpenter steel company . he envisioned methods to improve the process of steel manufacturing . in 1896 james carpenter received the company s first patent for an improved air hardened steel . in 1937 the company went public and began trading on the new york stock exchange . markets edit during the early 20th century carpenter s special steels were used in wright brothers heavier than air aeroplanes and today carpenter supplies specialty materials that have been used in jet engine blades electronics landing gear flap and slat track components and titanium alloy fasteners among other uses . 7 also around this time carpenter began supplying steels to the makers of motor cars for valves connecting rods axles steering knuckles etc. carpenter s experience in these early markets led to materials advances in the energy medical industrial and consumer products industries in the coming decades . materials experience edit by the 1920s carpenter devoted research to a new realm of specialty metals stainless steels . 7 carpenter metallurgists pioneered improvements and in 1928 announced the world s first free machining straight chrome stainless type 416 still in use today . other improvements and alloy development followed culminating in an improved machinability family of machining bar project 70 stainless in 2002 . in high strength alloys carpenter received a patent in 1992 for super strong aermet 100 alloy first used for the landing gear on aircraft carrier based jet fighters . aermet 100 was named one of the top material advances of the decade by the national association for science technology and society . 7 more recently carpenter developed the carpenter cts family of 14 alloys to assist knife blade designers in alloy selection . 8 in 2009 carpenter began supplying its cobalt based bioblu 27 alloy into the jewelry industry and in 2010 developed acube 100 alloy a beryllium free material for bushings and bearings . also in 2010 carpenter launched premomet alloy to consider for high demand diesel engine components . products industries and brands edit products are marketed under a number of brand names in the aerospace industry they are hiperco alloys avionics pyromet alloys pylon and fuselage fasteners engine components custom 465 stainless flap and slat track landing gear components and aermet alloys landing gear and in the medical industry biodur alloys fracture fixation and micro melt powder alloys artificial disks and implants . energy applications products are used in oil and gas drilling drill collars safety cables power generation disks shafts turbine blades as well as other specialty applications . the industrial industry is supplied with valves and weldings automotive with fuel injectors engine valves those used for safety consumer with housing electronics sports and medical with hip and knee replacements surgical instruments vascular devices and other products that aid in treating bone fractures . 1 controversies edit on june 18 2002 five plaintiffs filed a suit against carpenter technology for cost recovery and contribution to recover costs that had been paid to the epa pursuant to certain consent decrees . 9 a settlement of 21 800 000 was reached in 2011 . according to a 2009 article in the philadelphia business journal carpenter technology corp. near reading released more than 1.2 million pounds of toxic chemical waste into the schuylkill river and was the fourth largest polluter of toxic chemicals in pennsylvania in 2007 . 10 however it is not clear whether the discharge amounts were within the allowed federal permit limits . 10 gallery edit james henry carpenter in 1861 or 1862 in the union navy at about age 15 . james henry carpenter about 1895 founder of carpenter steel company now carpenter technology corporation . carpenter steel company plant in 1893 reading pa looking east . the carpenter steel company plant now called carpenter technology corporation about 2010 looking north . carpenter steel company projectile test on steel plate circa early 1890s . carpenter steel company in the 1890s pouring steel into crucibles . carpenter steel company in the 1890s showing a rolling mill . full picture james henry carpenter in 1861 or 1862 in the union navy at about age 15 . references edit a b c jtvir conference . 2009 03 31 . carpenter technology corporation 2013 revenue eps summary . 2014 04 04 . a b carpenter technology corporation 2013 annual report . 2013 08 23 . carpenter technology corporation page . 2014 04 14 . carpenter tech buys amega west services for about 54 mln . january 2011 . carpenter technology corporation 2010 fiscal year sec 10 k report . 2010 08 20 . a b c carpenter history accessed 2009 12 11 about carpenter knife blade alloys accessed 2009 12 11 lawsuit against carpenter pdf . a b two companies responsible for bulk of river pollution . 2009 11 09 . external links edit carpenter technology corporation profile on yahoo finance profile on google finance v t e philadelphia area corporations including the delaware valley list of companies based in the philadelphia area philadelphia based fortune 500 corporations rank in the 2015 list comcast 43 aramark 207 crown holdings 318 delaware valley based fortune 500 corporations rank in the 2015 list amerisourcebergen 16 dupont 87 lincoln national 223 universal health services 324 campbell soup 342 ugi 349 burlington stores inc. 500 other notable philadelphia based businesses amoroso s beneficial bank chemtura day & zimmermann fmc corporation independence blue cross pennsylvania real estate investment trust pep boys philadelphia media network radian group urban outfitters notable philadelphia based professional partnerships ballard spahr blank rome cozen o connor dechert drinker biddle & reath duane morris morgan lewis & bockius pepper hamilton saul ewing white and williams other notable delaware valley based businesses actua corporation airgas alliedbarton ametek aqua america asplundh bentley systems brandywine realty trust boscov s carpenter technology cephalon chemours christiana care health system crozer keystone health system david s bridal epam systems enersys hamilton lane liberty property trust penn mutual penn national gaming rita s italian ice sei investments slm sungard susquehanna international group vanguard toll brothers triumph group unisys viropharma vishay intertechnology vwr wawa wilmington trust w. l. gore and associates wsfs bank notable delaware valley based us headquarters of foreign businesses aberdeen asset management ace agustawestland astrazeneca delaware investments glaxosmithkline ing group keystone foods sap america siemens medical shire pharmaceuticals subaru teva pharmacueticals td bank notable delaware valley based division headquarters of us corporations acme cerberus capital management centocor johnson & johnson colonial penn conseco delmarva power exelon gsi commerce ebay hercules ashland mab paints sherwin williams mcneil laboratories j & j neoware hewlett packard peco exelon qvc liberty media rohm and haas dow chemical sunoco energy transfer tasty baking flowers foods v t e reading in berks county pennsylvania attractions the pagoda historic places goggleworks reading public museum historical society of berks county berkshire mall fairgrounds square mall santander arena transportation barta reading railroad franklin street station reading railroad outer station reading regional airport schuylkill valley metro cancelled entertainment reading symphony youth orchestra reading choral society berks youth chorus education reading school district reading high school reading intermediate high school albright college alvernia university reading area community college penn state berks industry boscov s carpenter technology corporation penske truck leasing redner s markets reading railroad defunct philadelphia and reading railroad defunct daniels motor company defunct vf corporation former sports reading fightin phils reading royals reading united a.c. reading rockets newspapers reading eagle radio w207ae w249at w253ac w300bz waeb fm wavt fm wcto wdac weeu wbyn fm wiov wiov fm wlan fm wlev wmgh fm wraw wrfy fm wrti wxac wytl retrieved from https en.wikipedia.org w index.php title carpenter technology corporation & 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