Siemens and Chromalloy form casting joint venture

Siemens and Chromalloy Gas Turbine Corporation have entered a partnership to form a new joint venture called Advanced Airfoil Components. The primary scope of the company will be turbine blade and vane cast components for power generation. Both partners are investing approximately USD130 million in combined value to create a new production facility. This investment will create up to 350 new jobs in the United States. The groundbreaking of the new manufacturing facility is scheduled to take place later this year. …. [Persbericht]