Carpenter Technology Corporation announced their plan to invest $52 million in epanding their Emerging Technology Center in Limestone County, the officer of Governor Kay Ivey released the details on Monday morning.
Governor Ivey joined exectuives from the company for the announcement at Farnsborough International Airshow in England.
The $52 million will be invested over five years, and eventually generate 60 additional jobs.
The Emerging Technology Center is expected to open in approximately 12 months.
The existing 500,000 square-foot Carpenter facility in Athens began operations in 2014.
A representative for the company described Carpenter's existing operation as making, 'high-end specialty alloy products, primarily for the aerospace and energy markets. It later expanded the Athens site to produce superalloy powders used in applications including jet engine disks and 3-D printed aircraft engine components."
To date, the company has invested $575 million in its Alabama operations.