Hardfacing Wire Manufacturer Polymet Corporation to Expand its Capacity and Create New Jobs

CINCINNATI, OH, September 11, 2012 (Press-News.org) Polymet Corporation, a leading producer of hardfacing wire, welding wire and thermal spray wire, has approved plans and began work to significantly increase its specialty wire rolling and drawing capacity. Currently Polymet uses very specialized rolling and drawing techniques to produce high quality wire used in applications like aerospace and industrial gas turbines, nuclear power plants and sulfuric acid plants. Polymet's proprietary cleaning techniques and specialty processing have been incorporated into the specifications of many gas turbine and nuclear applications as the standard by which products are measured against.

Polymet's plan to increase its capacity will enable the company to keep up with growing demand from current customers as well as seek out new business from companies in need of high quality wire solutions.

Capital Project Plans Include
• A new state of the art strand annealer
• A new rolling and drawing mill
• Upgraded pay-offs and take-ups for intermittent processing steps

Full implementation of the expansion is expected to be completed over the next 12 months, with parts of the plan falling into place as soon as the end of the year. Polymet expects these investments to more than double their rolling and drawing capacity as well as the number of people employed in this area of their business.

"For years we have serviced a core group of very demanding customers with our unique attention to detail and ability to roll and draw hard to work alloys in ways that make our wire quality second to none. We are very excited to be in a position to expand this area of our business and focus effort on offering our services to a wider range of customers. We are very proud to be able to increase manufacturing capacity, spend money and add jobs here in the States in today's global manufacturing environment. Once in place our new capacity will enable us to offer better lead times to existing customers and attract new business opportunities. It is very exciting." - says Danny Newman, Hardfacing & Welding Wire sales manager at Polymet.

About Polymet

Polymet (www.polymet.us), a world-class manufacturer of high performance wire for hardfacing, welding and thermal spraying, produces high quality products used in the aerospace, automotive, cement, mining, lumber, nuclear, power generation and many other industries. Our wires are ideal for demanding applications such as metal to metal, metal to earth, high impact, high abrasion, corrosion and high temperature, or combinations of these wear factors.

For more information please contact:

Danny Newman
Polymet Corporation
10073 Commerce Park Drive
Cincinnati, OH 45246 (USA)
Tel: 1-513-842-1127 (1-888-765-9638)
dnewman@polymet.us