- 1. Carpenter Technology Corporation Phil Sampona Matt Furedi
Matt Osterstrom
2. Overview
- Operational Strategy Matt F.
- Manufacturing Process Matt F.
- Improvement Process Matt F.
- Supply Chain & Resource Planning Matt O.
3. History 4. James Carpenter
- In 1889, the year the Statue of Liberty first beckoned
immigrants to the United States, founder James Carpenter laid the
foundation for a legacy of materials innovation that continues
today.
5. Carpenter Beginnings
- When early industry started turning from iron toward a new era
of special steels, the Carpenter Steel Companys premier product at
its one-building plant in Reading, Pennsylvania, was an
air-hardened tool steel patented by Mr. Carpenter. The company
would develop several more tool steels, ultimately offering the
range of tooling that would be needed by the burgeoning industrial
era.
- Mr. Carpenters tool steel patent would be the first of more
than200 issued to the company for developments in melting
technology, powder metallurgy, stainless steels, high-strength
alloys, superior corrosion-resistant alloys, and other specialty
metals.
6. New Product Timeline
- 1928 : The worlds first free-machining stainless, Type 416
(still in use today).
- 1937 : The Matched Set method of tool steel selection and heat
treatment. Tool Steel Simplified would become an industry standard
in tool and machine shops for 40 years. Carpenter continues to
produce a broad spectrum of tool and die steels including
gas-atomized powder metallurgy alloys.
- 1934 : the first chrome-nickel free-machining stainless steel
known today as Type 303. Fabricators were thrilled that the
free-machining stainless improved tool life and productivity. As a
result, the Carpenter name quickly became synonymous with stainless
steels.
- 1950s : Thanks to Carpenters Stainless No. 10, cold-heading
wire customers dramatically improved production of bolts and other
fasteners.
- 1950s : Carpenter's 20Cb-3 stainless (Stainless 20) became a
staple in the chemical-processing industry for decades.
- 1968 : name changes to Carpenter Technologies to better reflect
a diverse product line and technological capabilities
- 1992 : received patent for super-strong AerMet 100 alloy.The
alloy was first used on landing gear of jet fighters and aircraft
carriers.
- 1997 : introduced Custom 465 stainless steel to the aerospace
industry. The alloy greatly exceeded expectations, finding many
applications in diverse industries such as marine equipment,
firearms, oil and gas drilling, and the medical industry.
- 2002 :Carpentermetallurgists releasedthe Project 70+ family of
stainless machining bar.
7.
- Carpenter Technology (NYSE:CRS) develops, manufactures and
distributes high-performance specialty alloys to meet the
challenges of advancing technologies.
8. Products / Markets 9. Carpenter is all around you in these
major global markets
10. Cars run hotter, jets flyfaster , and golf clubs hitfarther
. Helping products perform better 11. Where performance is critical
12. A diverse product catalog
- Superior corrosion-resistant alloys
- Controlled-expansion alloys
- other specialty and custom grades
13. A full range of product forms
- Hollow and multi-dimensional bar
14. 15. 16. A global presence
-
- About 50 manufacturing, sales and distribution facilities on
four continents
-
- in 18 different time zones
-
- in more than a dozen languages
-
- in which more than 10% of our employees work outside the
U.S.
More than a steel company Since the early 1990s, Carpenter has
grown from a U.S. specialtysteelproducer to aspecialty
materialsproducer with a global reach. 17. International presence
18. Financials 19. Carpenter Sales FY 2009 20. 21. 22. 23. 24.
Corporate Financial Information
- Traded under ticker symbol CRS on New York Stock Exchange since
1937
- Fiscal 2009 (ended 6/30/09):
- Net income - $47.9 million
- Total assets - $1.49 billion
- Market capitalization - $794.7 million
25. Competitors 26. Allegheny Technologies Nucor Corp United
States Steel Corp 27. Operational Strategy 28. 29. Carpenters
ManufacturingProcess 30. Carpenters ManufacturingProcess Carpenter
manufactures hundreds of grades of specialty cast and powder alloys
including stainless steels, high temperature (nickel, iron and
cobalt-base) alloys, high strength steels, magnetic and controlled
expansion alloys, tool steels, and other special purpose
alloys.Product forms include bar, billet, large-diameter hollow
bar, wire, fine wire and ribbon, precision strip, special shapes,
plate, powder shapes. 31. Carpenters ManufacturingProcess Stainless
and Specialty Metals
- Argon-Oxygen Decarburization (AOD)
1 of 5 PRIMARY MELTING:Primary melting produces specialty alloys
in ingot or powder metal form for further processing.The arc
melting process allows for certain alloys to be continuously cast
into long ingots before hot rolling. 32. Electric Arc Melting 33.
Carpenters ManufacturingProcess
- Vacuum Induction Melting (VIM)
- Vacuum Arc Remelting (VAR)
- ElectroSlag Remelting (ESR)
PREMIUM MELTING:Carpenter has one of the most advanced premium
melting operations in the world. VIM furnaces melt raw materials
under controlled vacuum conditions to produce high-purity ingots
and pre-alloyed powders. The VAR and ESR processes re-melt ingots
to further impart desirable properties.Ingot HEAT TREATING 2 of 5
34. ElectroslagRe-melting 35. Carpenter ManufacturingProcess
FORGING AND COGGING:Large ingots are rolled, pressed or forged into
intermediate-sized billets for further processing. Some billet
product may be shipped directly to customers. 4,500-Ton Forge Press
SX-65 Rotary Forge SX-32 Rotary Forge In-Line Cogging Mills Billet
HEAT TREATING 3 of 5 36. Rotary Forge 37. Carpenter
ManufacturingProcess HOT ROLLING: Billets are progressively rolled
to smaller cross-section sizes and emerge as hot rolled bars or
coils of rod, wire, flat strip, or special shapes.Wire Rolling
Mills Bar Rolling Mills Custom Lot Mill (Hand Mills) HEAT TREATING
Coil Bar Strip 4 of 5 38. Hot Rolling Mill 39. Carpenter
ManufacturingProcess COLD FINISHING: Various cold drawing, turning
and rolling operations produce finished forms of bar, wire, fine
wire and ribbon, strip, plate and special shaped bar and wire to
exacting customer specifications.Product is then shipped to
Carpenter distribution centers or direct to the customer.Large Bar
Finishing In-LineBar-to-BarFinishing In-LineCoil-to-BarFinishing
WireFinishing Strip and PlateFinishing 5 of 5 40. Cold Rolling Mill
41. Carpenters Improvement Process 42.
- - Training Within Industry (TWI) training program (P&M,
supervisor)
- - Process capability study
- - Overall Equipment Effectiveness (OEE)
- - Preventative maintenance
- 5S, oil & lubrication, tool checking
- - Corrective maintenance fixtures, jigs, overhaul
- - Maintenance prevention- spare parts control
Establish Stability -> Improve Process Flow -> Develop
Pull -> Level Production
- Availability define stock levels
-
- - Cycle stock inventory required to fulfill average demand
-
- - Buffer stock inventory to buffer against fluctuations in
orders
-
- - Safety stock inventory to buffer against variability in
internal mfg process
-
- - Job Instruction sheets, standard work sheets, quality check
sheets
- - 5S, Visual Workplace, Standardized Work
- - Safety, Quality, Delivery, Cost
Stability Tools Lean Manufacturing Implementation Sequence
Carpenters Improvement Process 43. Carpenters Metrics 44.
Carpenters Metrics 45. 46. 47. 5S Examples 48. Visual Workplace
Examples 49. Total Productive Maintenance Examples 50. Human
Resources 51. Mission, Vision & Values
- Provide high-performance material solutions to our
customers.
- Our employees safety is critically important to our
business.
- We are here to make money for our shareholders and ourselves
and have fun at the same time.
- Treat the shareholders money as if it were our own.
- View everything through the customers eyes.
- Transparency is required for good decisions. All news, good and
bad, must be delivered timely and straightforwardly.
- Accountability we are each responsible to meet or beat our
commitments! There are no explainable variances only contingency
plans.
- Make fast, fact-based decisions, then execute with passion and
focus.
- Partner with our stakeholders to drive enhanced
performance.
- Provide a development culture for our people.
- Engage in passionate debate with everything on the table for
consideration. Each opinion is respected on every issue, regardless
of functional role. Once a decision is made we are one team.
- Plan-do-check-adjust-plan-do-check-adjust. Assess the need,
take action, measure results and then improve continually.
- Communicate, listen, communicate.
- Ethical conduct, internal control and risk assessment is good
business and is all our responsibility.
- Drive lean and standardized processes and generate
results.
- Invest in our business and people for growth and for a
future.
52. Who works there?
- Carpenter Technology Corporation attracts many of the best and
brightest minds in the fields of materials science, engineering,
information systems, manufacturing operations, logistics, and
electrical, HVAC and other skilled maintenance functions.
- Talented people are attracted to Carpenters stability,
competitive benefits package, and team approach to accomplishing
goals.
53. Carpenter Careers
- College Recruitment Program
-
- We are large enough to provide you with the professional growth
and advancement you desire.
-
- We are small enough to recognize and appreciate your personal
contributions.
-
- We have great success working with and cultivating new
talent.
-
- We provide a work environment that is diverse in its challenges
and its opportunities.
-
- We seek innovative thinkers who will contribute to our
international growth.
-
- We offer a competitive benefit package that exemplifies our
position as an industry leader.
54. Current Career Opportunities 55. College Recruitment
Program
- Qualified students should have a minimum 3.0 grade point
average
- All positions require self-starters who are highly motivated
and who have excellent communication and interpersonal skills.
- Students must be able to operate under Carpenter's Company-wide
Continuous Improvement philosophy, in which employees are expected
to constantly strive to improve both their performance and company
performance.
- Students may be asked to serve as members of Continuous
Improvement teams, which analyze and resolve problems in production
and other processes.
56. Community Relations
- Carpenter supports our local communities by:
-
- Promoting science and math curriculum design in public schools.
Providing scholarship funding to educational efforts such as summer
materials camps, science & engineering fairs, and Science
Student of the Month.
-
- Providing funding to the arts, including the Reading Public
Museum, the GoggleWorks Center for the Arts, and the Reading
Symphony Orchestra.
-
- Supporting the United Way through monetary gifts and employee
volunteerism.
-
- Supporting other human welfare programs such as Habitat for
Humanity and Olivet Boys & Girls Club.
-
- Donating to many locally based non-profit organizations.
57. Awards
- Carpenter has been recognized by environmental organizations
for the companys efforts to recycle, reuse and responsibly manage
our natural resources. Environmental awards have included:
- Berks County Conservancy Community Excellence Award
Pennsylvania Governors Award for Environmental Excellence
- In addition, Carpenter has consistently earned recognition as a
preferred or quality supplier from customers including:
- Delphi Eaton Corporation Fisher Hamilton Sundstrand Mercury
Marine Pratt and Whitney Rosemount United Technology Corp.
58. Supply Chain & Resource Planning 59. Raw Materials
- Facilities are all located near necessary supplies
- Located on the Reading Railroad
-
- Helps deliver supplies and finished products to customers
- Centralized in major metro areas & manufacturing hubs
60. Quality
- With its main manufacturing facility in Reading, Carpenters
advanced manufacturing and quality systems enable them to meet a
wide range of customer requirements and industry specifications
throughout the world, including ASTM, AMS, DIN, and TV.
- Carpenters quality systems are also approved to ISO 9001:2000
and AS9100 standards.
61. Distribution Networks
- Sell through a proprietary sales and distribution network
- U.S. : 6 strategically located warehouses
- International:warehouses in Canada, Mexico, England, Belgium,
China
62. Resource Planning
- Instituted Enterprise Resource Planning
-
- Replaced a patchwork of systems
-
- Saved 30% from 2002-2003 ($7 million)
63. Locations 64. Specialty Alloys
- Located in Reading, Pa since 1889
- Nearby Suppliers and Consumers
- Access to Railroads and close to major metro areas
65. Specialty Wire Products
- Located in Orangeburg, South Carolina
- Makes specialty alloy fine gauge wire and ribbon
66. Talley Metals Technology, Inc.
- Located in Hartsville, South Carolina
- Produces round, square and hex stainless steels in long product
form
67. Shalmet Corporation
- Located in Orwigsburg, PA and Elyria, OH
- Trepanning (longitudinal boring) of bars
- Converter of black coil and bar to bright round bar and coil
products in a range of alloys
68. Carpenter Powder Products
- Manufacturing:Sweden; Bridgeville, Pa; and Woonsocket, RI
- Research & Design is located in Reading, Pa
- Makes loose metal powders, tool steels and niche tool
steels
69. Other Locations
- Joint venture with Kalyani Steels Ltd., Pune, India
- 26% ownership in steel mill and 51% in distributor
- Located in Washington, Pa & Clearwater, Fl
- Makes specialized titanium wire, precision shapes and bar
products
70. Questions 71. References
http://www.dailyfinance.com/company/carpenter-technology-corporation/crs/nys/top-competitors
http://www.cartech.com/
