CARPENTER LAUNCHES NEW BRAND OF PREMIUM STAINLESS MACHINING BAR

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CARPENTER LAUNCHES NEW BRAND OF PREMIUM STAINLESS MACHINING BAR
31 October 2002 - Carpenter Technology Corporation

Carpenter Technology Corporation announced today that it has launched a new line of premium stainless machining alloys that provide parts-makers with more lot-to-lot consistency, faster machining speeds, better part output and less tool wear than any comparable product in the marketplace.

The new brand, Project 70+® stainless, is designed for the more demanding machining applications of U.S. machine shops that make parts for aerospace, industrial, automotive and other markets.

Project 70+ stainless is available in six grades:

Project 70+® Type 303 stainless

Project 70+® Type 304/304L stainless

Project 70+® Type 316/316L stainless

Project 70+® Type 416 stainless

Project 70+® Custom 630 stainless

Project 70+® 15Cr-5Ni stainless

It will be sold in sizes ranging from .125 inches to 3.25 inches in standard increments.

'Project 70+® stainless combines the premium machinability of Project 7000® stainless with the versatility of Project 70® stainless, ' says Matt Enoch, Carpenter Bar Product manager. 'It's a workhorse product that delivers thoroughbred results.'

The introduction of Project 70+® stainless strengthens Carpenter's legacy of technological leadership in stainless free-machining bar, which has been used in hundreds of applications from computer fasteners to industrial components.

Carpenter invented the world's first free-machining stainless steel in 1928 and in the 1960s improved the chemistry to create Project 70® stainless, the industry's first premium machining bar line. In the mid-90s, Carpenter introduced Project 7000® stainless, which further enhanced machinability.

Project 70+® stainless, introduced today, replaces the two previous brands by combining the best features of each. Carpenter is launching the product through a multi-phase marketing campaign that includes print advertising, direct mail, Internet banner ads, and a new Carpenter Web site, www.machiningzone.com.

The new alloy is currently available in round, square and flat bars, billet and powder.

http://www.cartech.com

About: Carpenter Technology Corporation
Carpenter Technology Corporation is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials.

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