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Carpenter Technology Enters into Agreements on Former Dana Property
The site is located at W. Robeson and Weiser Streets, adjacent to Carpenter’s East Shore property. The vast majority of the property is land. There are four existing buildings on the site with overall square footage exceeding 355,000 square feet. The two largest buildings are 174,311 sq. ft and 122,914 sq. ft. The remaining land (approximately 40 acres) provides opportunity for future growth. As Carpenter prepares to develop the property, much emphasis will be placed on improved plant flow and continued investment in current capabilities.
Today’s announcement reinforces Carpenter’s ongoing commitment to the
City of Reading and Reading manufacturing operations. Current
Reading-based investment projects total approximately
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are based on management’s current
expectations and are subject to risks, uncertainties and other factors
that could cause actual results to differ from those projected,
anticipated or implied. The most significant of these uncertainties are
described in Carpenter's filings with the
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