# Carpenter Technology to invest $100M in soft magnetics and new mill in Reading

Carpenter Technology Corporation will invest $100 million in soft magnetics capabilities and a new precision strip hot rolling mill at its Reading, Pennsylvania facility to support growth in aerospace, consumer electronics and electric vehicle markets.

- Type: Investment
- Announced: 2018-03-26
- Where: Reading, Pennsylvania, United States
- Value: $100.0M
- Status: announced
- Products: soft magnetic alloys, precision strip hot rolling mill
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Carpenter Technology Corporation](https://endata.com/companies/18429.md)

## Sources

- [ir.carpentertechnology.com](https://ir.carpentertechnology.com/news-events/news/news-details/2018/Carpenter-Technology-to-Invest-100-Million-in-Soft-Magnetic-Capabilities-and-New-Equipment-in-Reading-PA-Facility-03-26-2018/default.aspx), 2018-03-26: "Carpenter Technology Corporation today announced it will invest $100 million in soft magnetics capabilities and a new, precision strip hot rolling mill in its Reading, PA facility."

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