Company Profile
PCC STRUCTURALS CARSON CITY OPERATION
Company Overview
PCC is a part of the largest investment casting company in the world with facilities throughout the U.S. as well as internationally. Exceptional growth and market leverage allow PCC to offer unparalleled career opportunities for qualified applicants. If you enjoy the challenge of making an impact, PCC could be the right fit for you. With its dynamic, nimble and fast-paced environment, PCC rewards success and encourages employees to use their education and experience to take the company
to new heights.
Carson City, Nv. Operation:
Products:
Air and Vacuum Investment Cast components for Aerospace, Engergy, and Commercial Applications.
Materials:
Steel, Nickel, and Cobalt-Based Alloys
Capabilities:
Investment Castings up to 125 pounds/24 inches. complete processing available through finished component.
Certifications:
ISO 9000/20000. Napcap approved for special processes. Also certified for certain major prime customers
Company History
In 1949, Joseph B. Cox, president and owner of Oregon Saw Chain, started a small investment casting business in Portland, Oregon, to make a special cutter for his chain saw. Ed Cooley, assistant general manager for the company, began spending more and more time with the casting operation and solicited outside work, primarily in the Portland area.
1953 On April 1, 1953, the casting division was made a separate business and named Precision Castparts Co.
1955 Sales volume had grown appreciably by the latter part of 1954, and the need for a larger facility and more workers became apparent. In June of 1955, the move was made to a new facility on Johnson Creek Boulevard, now the site of the Titanium Business Operation.
1956 In 1956, the company was incorporated as Precision Castparts Corp. under the laws of the State of Oregon and owned by Ed Cooley and two other individuals.
1959 In late 1959, PCC initiated experiments with its ceramic shell process toward the manufacture of larger castings. While this casting process derives from the lost wax casting methods of ancient Egypt and the Renaissance, sophisticated investment castings are now found in military and commercial aircraft engines, medical prosthetics, industrial gas turbines, and several other high-tech applications.
1962 The acquisition of a 1,000-pound vacuum furnace in the early 1960s enabled PCC to manufacture much larger castings than any of its competitors. This resulted in several contracts to provide large aircraft engine castings
1967 PCC was awarded a contract with General Electric for the manufacture of several large TF39 engine castings, The TF39 aircraft engine, powerplant for the U.S. Air Force C-5 Galaxy heavy military transport, was the forerunner of GE's comnmercial CF6 family of jet engines, which now power wide-body aircraft for Airbus Industrie, Boeing and McDonnell Douglas.
The large, complex thin-walled aircraft engine parts, the first to be cast anywhere, required a substanial advance in the state of the art. Pratt & Whitney awarded a contract to PCC for large structural casting on the JT9D engine, also used on many wide-body applications. Precision Castparts had entered the aerospace business in a big way.
1968 PCC became a public company in 1968 with the offering of 120,000 shares of common stock; 1,100 new shareholders were the proud new owners. In 1989, the company was listed a member of the New York Stock Exchange as PCP.
The company developed its first titanium castings for use on the Boeing Supersonic Transport, or SST. Much of the pioneering work in titanium casting was done by PCC, and the company is the industry leader today.
1972 PCC's smaller castings parts also included titanium and cobalt alloy medical prosthetics, cast to surgeons’ custom specifications for hip, knee, and finger joint replacements, as well as bone staples.
1974 From 1974 to 1975, PCC invested more than $2 million to facilitate the production of its own air-melted alloys. Today, in-house production provides for nearly all stainless steel-, nickel-, and cobalt-base alloys required for remelting into castings. The company supplies some alloys to the airfoils business and is beginning to market these products to outside foundries.
1980 While sales reached more than $97 million in fiscal year 1980, the recession in the general economy immediately followed. The time period from early 1981 to 1983 was a difficult one for PCC. Yet despite reduced sales volume, PCC looked to the future and proceeded with plans for a new titanium manufacturing plant.
1981 A foundry was added to the back of the old "Ford Building" adjacent to the Portland Plant (LSBO). An east addition was erected in 1983, and a Hot Isostatic Processing (HIP) addition the next year. Today, PCC’s Titanium Business Operation is the world’s leading manufacturer of titanium castings.
1985 In the 1980s, PCC began its growth through acquisition of related businesses. The company formally purchased the foremost titanium foundry in Europe from Messier Fonderie D’Arudy in early fiscal year 1985 and built a new plant in Ogeu-les-bains, France, in April 1986. This facility now operates as part of PCC Structurals.
1986 The acquisition of the Airfoils Business in June 1986 nearly doubled the size of PCC’s operations. This business is a leading producer of cast blades and vanes used in the high-temperature turbine sections of aircraft engines. In addition, for the past several years, both the Airfoils Business and the Structurals Business in Portland have been making major inroads in manufacturing components for the industrial gas turbine (IGT) market.
1987 The addition of PCC Airfoils made fiscal year 1987 the best in PCC’s history, with sales of $326 million. To complement this business, PCC acquired AETC Limited, headquartered in Leeds, England, in July 1996 to serve aircraft engine and IGT customers with both investment casting and machining capabilities.
1988 PCC completes a $5 million Technical Center in the Clackamas Industrial Park, across the street from the company's Small Structurals Business Operation.
1991 In the 1990s, PCC embarked upon an acquisition strategy designed to diversify from its core aerospace businesses, while pursuing familiar metalforming processes. In June 1991, Advanced Forming Technology, Inc. (AFT) of Longmont, Colorado, joined the company; its expertise lies in the area of metal-injection molding, an advanced technology for the manufacture of small complex parts for such markets as automotive, firearms, electronics, and consumer products, among others.
1994 PCC acquired the assets of ACC Electronics, Inc. of Pittsburgh, Pennsylvania, in April 1994 and renamed the subsidiary PCC Composites, Inc. The business manufactures advanced technology metal-matrix composites for the electronics, communications, and other industries. In early 1997, PCC Composites moved selected personnel and equipment from Pittsburgh to AFT’s facilities in Longmont, Colorado.
1995 In January 1995, PCC reached definitive agreement to acquire Quamco, Inc., headquartered in Holden, Massachusetts. This business, renamed PCC Specialty Products, is a world-class designer and manufacturer of premium metalworking tools and machines for many applications, including the cold forming of fasteners and gundrilling. This business has since been strengthened and positioned for growth through the acquisition of Olofsson Corporation of Lansing, Michigan, a company involved in the design and manufacture of a broad line of computer-controlled metalworking machine systems and Astro Punch, a company specializing in the design and manufacture of cold heading tools.
1996 AETC Limited, headquartered in Leeds, England, was acquired in July 1996 and has become part of the Airfoils Business, serving the aircraft engine and IGT customers with both investment casting and machining capabilities.
At the end of July 1996, PCC finalized the acquisition of NEWFLO Corporation of Austin, Texas, a leader in the design, manufacturing, marketing, and servicing of high quality, niche-oriented industrial fluid management products. This acquisition continued the strategy of diversification into non-aerospace markets and provided another platform for future sales and earnings growth for the company.
PCC has subsequently made additional acquisitions to enhance the product line of this business, now known as PCC Flow Technologies. Crown Pump is a high-quality supplier of submersible turbine products. O.I.C. Valves offers a complete range of stainless steel gate, globe, and check valves. Baronshire Engineering Ltd. manufactures stainless steel, quarter-turn butterfly valves and actuators for the food, beverage, and pharmaceutical industries. E/One is a manufacturer of highly engineered equipment for low-pressure sewer systems and other applications, and TBV produces a line of specialty ball valves and pipeline instrumentation.
1997 In November 1997, PCC added another business through the acquisition of J&L Fiber Services, Inc., of Waukesha, Wisconsin, the world leader in the design, manufacturing, and sales of refiner plates for the pulp and paper industry. J&L complements PCC’s core competencies in metals and the management of complex manufacturing processes. The business is the market leader in North America and Latin America and is number two in Europe and Asia. The majority of J&L’s refiner plate revenues derives from sales of replacement parts for pulp and paper mills; the remainder is in complementary products for paper refining for OEMs who build new mills.
In July 1997, PCC acquired the assets of Pittler Maschinenfabrik GmbH, a designer and manufacturer of custom and special machine systems since 1889. Pittler will provide Olofsson boring and turning machines and Eldorado gundrilling machines a base of operations in Europe and to provide a broader product line to offer the domestic and international markets.
PCC enhanced its investment casting capabilities in December 1997 with the acquisition of Schlosser Casting Company of Redmond, Oregon, a manufacturer of titanium investment castings for airframe, aircraft engine, medical prosthesis, and other markets. Schlosser helped to accelerate PCC’s entrance into the growing airframe market, while increasing overall titanium capacity and capability.
1998 In July 1998, AFT moved into its new 120,000 square foot manufacturing plant in Firestone, Colorado, where metal-injection molding, metal-matrix composite production, and a third advanced manufacturing process, Thixoforming™, will be performed. The business has also formed a joint venture, AFT-India Pvt., for metal-injection molding in India, and construction of a manufacturing facility in Bangalore is underway.
PCC Flow Technologies experienced significant growth through acquisition during 1998, as PCC added small, niche-oriented fluid management companies for market expansion and synergistic opportunities. In February 1998, PCC acquired Environment/One of Niskayuna, New York, which manufactures and services grinder pumps and other products for low-pressure sewer systems, as well as detection systems for the power generation industry.
In March, Baronshire Engineering of Glasgow, Scotland was acquired. This company, a manufacturer of stainless steel butterfly valves contributed its strong, U.K.-based distribution system to PCC Flow Technologies and served as the initial acquisition in the business’ European quarter-turn valve strategy.
PCC acquired TBV of Worcester, Massachusetts, in May, a manufacturer of ball valves, primarily for severe services, and pipeline instrumentation, custom-engineered units mounted in pipelines for accurate readings of flow, temperature, etc.
1999 The expansion of PCC Flow Technologies continued into the next year as well. In February 1999, the Company acquired Sterom, S.A. of Campina, Romania, a manufacturer of high-quality industrial valves and oilfield equipment. Sterom has since become part of The Energy Group. Valtaco, a Swiss manufacturer of quarter-turn, three-piece ball valves, and The Reiss Engineering Company Limited of Peterborough, England, a British manufacturer of knife gate valves, were acquired in November 1999 as further development of PCC Flow Technologies’ European quarter-turn valve strategy.
Precision Castparts Corp. consummated its largest acquisition ever with the completion of its tender offer for Wyman-Gordon of Grafton, Massachusetts, on November 25, 1999. Wyman-Gordon, a leading manufacturer of forgings and investment castings for the aerospace, power generation, energy, and other markets, has served to strengthen PCC’s position in existing markets and to extend the Company’s participation in non-traditional industries, along with providing significant opportunity for cost savings and productivity improvements throughout its worldwide operations.
2000 The year 2000 saw the continuation of the Company’s strategic growth through acquisition. In March 2000, PCC added Fastener Engineers & Lewis Machine (FELM) of Rockford, Illinois, to its PCC Specialty Products business. FELM, a designer and manufacturer of wire-processing equipment, serves the fastener industry and thus shares many synergies with Reed-Rico and Astro Punch, two other PCC Specialty Products’ operations that supply this same market.
Technova of Aarau, Switzerland, was acquired in April 10, 2000, as a further contributor to PCC Flow Technologies’ quarter-turn valve strategy. The business is a manufacturer of high-performance valves lined with engineered plastics or polymers to handle corrosive and/or abrasive fluids and pure liquids.
The success of the Wyman-Gordon acquisition was further enhanced with the Company’s addition of UEF Aerospace in Lincoln, England, in May 2000. Now Wyman-Gordon Lincoln, this manufacturer of forged engine discs, engine shafts, and airframe and landing gear components, produced through the hammer-forging process, complemented Wyman-Gordon’s existing forging capabilities and created further opportunities for bottom-line improvements.
Formation of The Energy Group, comprised of Barber Industries of Edmonton, Canada; PCC Ball Valves, Inc., of Linate (Milan), Italy; and PCC Sterom of Campina, Romania, to take advantage of shared marketing and technical synergies and to serve their customers base more effectively.
The flagship for production and distribution in PCC’s European quarter-turn valve strategy was acquired in November. Wouter Witzel of Losser, The Netherlands, is a leading manufacturer of rubber-lined butterfly valves for complex, automated industrial processes.
Wyman-Gordon opened a machining facility in Plzen, Czech Republic, in December 2000 to provide low-cost machining to its growing base of European customers. The plant cut its first chips cut less than five months after the start of construction.
2001 Continued growth to the Wyman-Gordon business came in January 2001 with the acquisition of The Drop Dies and Forgings Company of Cleveland, Ohio, a manufacturer of high-quality, specialty forgings form difficult-to-forge metals. Renamed Wyman-Gordon Cleveland, this operation has increased Wyman-Gordon’s forging capabilities and extended its reach into broader markets.
In April 2001, ground was broken for new casting/machining facilities in Merida, Mexico, as PCC continued to globalize its manufacturing operations. A month later, the Company announced Advanced Forming Technology’s intention to build a 30,000 square foot metal-injection-molding manufacturing facility in Retsag, Hungary, to serve as the center of the MIM component manufacturing business in Europe.
At the end of the year, PCC acquired AOP Industries, Inc. of Moore, Oklahoma, a manufacturer of floating and trunnion-mounted ball valves. AOP’s product line complemented that of other Fluid Management Products’ operations, particularly PCC Ball Valves and Sterom. It has also provided many opportunities for production synergies and opened up AOP’s well-established distribution network to the segment’s Energy Group products.
2002 In the first quarter of the calendar year, PCC further positioned itself for profitable growth with three acquisitions: Western Australia Specialty Products (WASA) of Perth, Australia; Lake Erie Design of Cleveland, Ohio; and C.W. Valve Services of Houston, Texas. WASA, part of the Forged Products segment, provided PCC with an efficient, internal source of nickel-based superalloys. The acquisition of Lake Erie Design, a manufacturer of precision ceramic cores for industrial gas turbine, aerospace, and other investment casting applications, created valuable synergies with PCC Airfoils’ SRI operation, resulting in an improved cost structure and increased competitiveness. C.W. Valve Services, which had been involved in the repair and remanufacture of General Valve’s Twin Seal and 4-way diverter valves in the U.S. Southwest, offered General Valves, part of the Fluid Management Products segment, the opportunity to spread C.W. Services’ expertise across a wider customer base throughout North America and to grow its aftermarket business.
A long-term contract with a significant industrial gas turbine manufacturer significantly increased PCC’s share of this market at the outset of 2002, benefiting both PCC Airfoils and PCC Structurals.
Bill McCormick, PCC’s chief executive officer since 1991, retired, and Mark Donegan, president and chief operating officer, assumed the role of president and chief executive officer at the August shareholders meeting. Bill McCormick continued his close involvement with the Company as non-executive chairman.
Fluid Management Products started production at its new plant in Wuxi, China, which initially handled PACO Pump assembly, but was designed to accommodate other product lines, such as Johnston and Crown. In addition, the segment’s new Ipoh, Malaysia, plant opened its doors for business, providing improved service and distribution to current and future customers throughout the Asia Pacific region.
Advanced Forming Technology moved its Composites operation into a larger facility in Longmont, Colorado, to handle increased volume.
PCC identified PCC Olofsson, Eldorado, DTI, and STW as non-core businesses and moved them into discontinued operations.
2003 Continued profitable growth dictated continued expansion during the year. E/One completed expansion of its facility in Niskayuna, New York, to support the anticipated growth in both its sewer system and detection system businesses. In addition, the new FRISA/Wyman-Gordon ring-rolling facility in Monterrey, Mexico, began production during the year, opening up a totally new market for PCC.
PCC moved PCC Superior Fabrication, Fastener Engineers & Lewis Machine, and Barber into discontinued operations.
Mark Donegan became chairman of Precision Castparts Corp., in addition to continuing his role as chief executive officer.
In August, PCC announced the acquisition of SPS Technologies, Inc., a major supplier of critical fasteners for aerospace, automotive, and general industrial applications; of specialty alloys and waxes for the investment casting industry; and of highly engineered tools for fastener and other applications. The acquisition was completed in December. PCC immediately classified SPS’ Magnetic Products business, as well as its Mohawk and Dacar operations, as discontinued operations. SPS’ Specialty Materials and Alloys operations became a third business within PCC’s Investment Cast Products segment; SPS’ thread-rolling operations were consolidated with Reed-Rico within the Industrial Products segment; and SPS’ critical fastener operations became a fifth PCC segment, Fastener Products.
PCC sold Newman’s, a valve distributor within Fluid Management Products, which was included as part of the 1996 NEWFLO acquisition.
Today Precision Castparts Corp. now employs more than 16.000 people, with more than 80 facilities in 22 states and 16 countries. The stock, which is traded on the New York Stock Exchange under the symbol PCP. The company continues to look for opportunities for future top- and bottom-line growth.
Benefits
Low cost medical/dental/RX
Gym Membership
Co. paid annual Health Fair
Quarterly Profit Sharing
Employee Stock Options
30 min. away from beautyful Lake Tahoe!
30 min. away from exciting Reno Nv.