SIFCO Industries, Inc. Celebrates its Centennial

SIFCO Industries, Inc. Celebrates its Centennial

CLEVELAND--(BUSINESS WIRE)-- SIFCO Industries, Inc. (NYSE MKT: SIF) (“SIFCO”) is commemorating the 100th anniversary of its founding as the Steel Improvement Company, originally incorporated in 1913. To mark the occasion, the Company will host a Centennial Celebration at its corporate headquarters in Cleveland on May 16.

One hundred years ago, five entrepreneurs formed the Steel Improvement Company to enhance the physical properties of steel during the manufacturing process. Throughout World War I, the Company produced a variety of forgings necessary for trucks, guns and other ordnance to support the war effort. As the aviation industry began to take hold in Cleveland, SIFCO joined in, partnering with companies such as Glen Martin’s factory – now Lockheed Martin. Continued research and development led to techniques to forge high temperature, work hardening alloys. This capability enabled SIFCO to become a critical supplier of forged turbine discs for military aircraft during World War II. In the post-war era, SIFCO was poised to enter the Jet Age. SIFCO’s metallurgical competence was put to use designing and producing new light weight forged turbine blades of heat-resistant, nickel-based alloys that were used in the first US-built jet engine. Today, the Company continues to forge discs, blades and other critical components for both aero and land-based turbines. Recent acquisitions have enabled the Company to leverage its core competency in forging while broadening into new materials and new markets.

“Commitment to technical excellence remains a hallmark of SIFCO today,” said Jeff Gotschall, SIFCO’s Chairman. “Throughout the years the company has pursued customer-driven innovation, expanded into new markets and maintained a workforce that possesses an unwavering commitment to quality. Today, we are proud to be one of the nation’s premier metalworking companies, producing highly-engineered solutions to meet our customers’ needs.”

At the Centennial Celebration, SIFCO employees will enjoy an afternoon of speakers, proclamations and refreshments. Scheduled events include:

  • Executives from SIFCO’s customers will speak to employees about SIFCO’s contribution to their success
  • City officials will deliver a proclamation declaring May 16th as “SIFCO Industries Day” and re-name a portion of E. 64th Street to “SIFCO Boulevard”

Representatives from SIFCO’s customers, suppliers and partners will also be attending the event.

The Company has highlighted stories from its proud history on its centennial website,

SIFCO Industries, Inc. is engaged in the production and sale of a variety of metalworking processes, services and products produced primarily to the specific design requirements of its customers. The processes and services include forging, heat-treating, coating, welding, and machining. The products include forgings, machined forged parts and other machined metal parts, and remanufactured component parts for turbine engines. The Company’s operations are conducted in two business segments: Forged Components Group, which consists of SIFCO Forge, Cleveland, Ohio; T&W Forge, Alliance, Ohio and Quality Aluminum Forge, Orange, California; and Turbine Components Services and Repair Group located in Minneapolis, Minnesota.

SIFCO Industries, Inc.
Catherine Kramer, 216-426-3168

KEYWORDS:   United States  North America  Ohio


Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2432475, ~/Articles/ArticleHandler.aspx, 10/9/2015 10:03:06 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...