Siemens and Chromalloy Gas Turbine Corp. will form a new joint venture called Advanced Airfoil Components. The primary scope of the company will be turbine blade and vane cast components. Each company is investing approximately US$130 million in combined value to create a new production facility. As of press time, the location of the new production facility was still being finalized, with multiple southern states under evaluation.
The facility is scheduled for completion in the fall of 2018. The stand-alone manufacturing plant will supply only to Siemens.
“The decision to form a joint venture and a new production facility continues our strong commitment to the US as a business location,” said Willi Meixner, CEO of the Siemens Power and Gas Division. “Siemens and Chromalloy already have a long-lasting supplier relationship. Our new joint venture will exclusively supply Siemens with casting components for our gas turbines. We will continue our established key casting supplier partnerships and all the existing long-term agreements will be executed.”