Facility will help company be more competitive in Asian market, it said.
IBC Advanced Alloys aspires to lead a “materials revolution,” and has the heft of an aerospace powerhouse behind it.
We have some truly innovative manufacturing entrepreneurs carrying the flag for our brand, but they must be bolder.
Will purchase more wind power credits and continue to use hydropower.
Eighty per cent of spending will directed at four key plays in Alberta and the southern US.
Deal, to close in Q2 2015, is valued at $13 billion.
Contract talks open with Fiat Chrysler, Ford and General Motors this summer.
Acquisition will help handle rising demand for advanced titanium jet engine components, company said.
Wants to increase capacity to 221 million cubic feet per day.
Will implement cost-savings initiatives to save up to $500 million a year by 2018.