Siemens, Sequa's Chromalloy Turbine Unit Form Joint Venture

Siemens Westinghouse Power and Chromalloy Gas Turbine Corp., the San Antonio, TX subsidiary of Sequa, signed an agreement to form a joint venture, effective June 1 to support the growth of the Siemens gas turbine fleet. Siemens owns 51% the venture, and Chromalloy owns 49%.

The new enterprise—called Turbine Airfoil Coating & Repair (TACR)—will provide for the repair of Siemens industrial gas turbine blades and vanes, the coating of repaired components, and the coating of new Siemens industrial gas turbine blades and vanes for manufacturing and service needs around the world.

Based in Middletown, NY, the venture will operate from existing Chromalloy installations in Middletown and in Dallas, TX, and from an existing Siemens facility in Berlin, Germany. The Siemens Berlin facility, Turbine Airfoil Coating and Repair GmbH, will remain a separate legal entity.

"This joint venture enhances our ability to maintain leading edge coating and repair technology for our new unit and service business. Through this strategic relationship, we can best meet our customer needs in this competitive market," said Randy H. Zwirn, President and Chief Executive Officer of Siemens Westinghouse.

Gerard Milidantri of Chromalloy, who has been named president of TACR, said the new partnership formalizes a long-standing relationship between Siemens Westinghouse and Chromalloy Gas Turbine. "We are excited to support the record growth of Siemens Power Generation, particularly in the United States gas turbine market," he said. "The new partnership also will provide opportunities to advance our technology in metallurgy and specialty coatings to support Siemens high performance engines."

Chromalloy Gas Turbine Corp., the largest operation of Sequa Corporation, supplies gas turbine component repairs. With more than 20 installations worldwide, Chromalloy serves the international commercial airline market, the heavy industrial turbine industry and the military. Sequa's other principal interests include the manufacture of propulsion systems for weapons and satellites; the production of automotive airbag inflators; the coating of metal coil for building products and other industrial uses; and the manufacture of specialty chemical additives, principally for the international detergent market.

Edited by April C. Murelio
editor@poweronline.com