# Siemens and Chromalloy form casting joint venture Advanced Airfoil Components

Siemens and Chromalloy Gas Turbine Corporation have formed a joint venture called Advanced Airfoil Components to produce turbine blade and vane cast components for power generation. The partners are investing approximately USD 130 million to create a new production facility in the United States, creating up to 350 jobs.

- Type: Partnership
- Announced: 2017-05-09
- Where: southern states (being finalised), United States
- Value: $130.0M
- Jobs: 350
- Status: announced
- Products: turbine blade and vane cast components
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Advanced Airfoil Components](https://endata.com/companies/17137.md)
- [Siemens](https://endata.com/companies/301.md) (partner)
- [Chromalloy Gas Turbine Corporation](https://endata.com/companies/1469.md) (partner)

## Sources

- [press.siemens.com](https://press.siemens.com/global/en/pressrelease/siemens-and-chromalloy-form-casting-joint-venture), 2017-05-09: "The decision to form a joint venture and a new production facility continues our strong commitment to the US as a business location."
- [scandoil.com](http://www.scandoil.com/moxie-bm2/news/mergers_acquisitions/siemens-and-chromalloy-form-casting-joint-venture.shtml), 2017-05-10: "The decision to form a joint venture and a new production facility continues our strong commitment to the US as a business location."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.