Haynes International (HAYN) Approves $61 Million Capital Expenditure Growth Plan
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Haynes International, Inc. (Nasdaq: HAYN) has approved a new $61 million capital expenditure growth plan to expand capacity for the Company's tubular products and flat products in response to anticipated customer demand in the growing aerospace, land-based gas turbine and chemical processing industries.
The Company plans to invest approximately $37 million to expand by an estimated 60% the specialty titanium and high-performance nickel alloy tubular production capacity of its Arcadia, Louisiana facility. In addition, the Company plans to invest approximately $24 million to expand by an estimated 20% its capacity to produce specialty high-performance alloy flat products at the Company's Kokomo, Indiana facility.
The Company plans to invest approximately $37 million to expand by an estimated 60% the specialty titanium and high-performance nickel alloy tubular production capacity of its Arcadia, Louisiana facility. In addition, the Company plans to invest approximately $24 million to expand by an estimated 20% its capacity to produce specialty high-performance alloy flat products at the Company's Kokomo, Indiana facility.
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