Joint venture launching new research and development facility
COLUMBIA, S.C. – Allegheny Technologies Incorporated (ATI) and GE Aviation have selected the property adjacent to ATI’s Richburg, S.C. operations as the site for a new research and development (R&D) facility. This joint venture is expected to create 29 new jobs.
ATI (NYSE: ATI) is a global manufacturer of technically-advanced specialty materials and complex components and is a market leader in manufacturing differentiated products. ATI is a leader in producing powders for use in next-generation jet engine forgings and 3D-printed aerospace products.
General Electric has invested approximately $1.5 billion in manufacturing and additive technologies since 2010 and is leading the aerospace industry in incorporating additively-manufactured components in the latest generation of jet engines. GE Aviation, an operating unit of General Electric (NYSE: GE), is a world-leading provider of jet and turboprop engines, components, integrated digital, avionics, electrical power and mechanical systems for commercial, military, business and general aviation aircraft.
The joint venture between these two companies will develop titanium alloy powders for use in additive manufacturing, utilizing a new meltless alloy powder technology. Construction is expected to begin in 2018 and will be completed in 2019 as the facility becomes operational.
The Coordinating Council for Economic Development has approved job development credits related to this project.
QUOTES
“In South Carolina, we’ve seen all that can come from partnerships like the one that ATI and GE Aviation are creating here, and we look forward to seeing what it will mean for the Chester community. The 29 new jobs created by this investment show a commitment to South Carolinians that we couldn’t be more grateful for, and we congratulate both ATI and GE Aviation.” –Gov. Henry McMaster
“With announcements like this one, South Carolina continues to solidify its place in the nation’s manufacturing renaissance. I congratulate ATI and GE Aviation on this great new investment, and wish them both continued success for years to come.” –Secretary of Commerce Bobby Hitt
“ATI has been a valued corporate citizen within our community since its original announcement in 1989. The company’s success, and its commitment to Chester, is a testament to our workforce and to our continued economic development efforts. We are grateful that ATI is launching this joint venture with GE Aviation. We look forward to celebrating the success of this endeavor and will continue to assist both companies in any way possible.” –Chester County Supervisor K. Shane Stuart
“We congratulate ATI and GE Aviation on their joint venture and investment in Chester County, South Carolina. This announcement is another example of Chester County’s diverse manufacturing base. We look forward to the long-term results from this joint venture from these two dynamic companies.” –Chester Development Association Chairman Mike Enoch
FIVE FAST FACTS
- ATI and GE Aviation are building a titanium alloy powder R&D pilot production facility in Chester County.
- Multi-year joint investment expected to create 29 new jobs.
- ATI is a manufacturer and provider of specialty materials and complex components.
- The new facility will be located in Richburg, S.C.
- Facility construction is expected to begin in 2018, and will be completed in 2019 as the facility becomes operational.