Haynes International, Inc., headquartered in

Kokomo, Indiana Kokomo ( ) is a city in Indiana and the county seat of Howard County, Indiana, United States. It is the principal city of the Kokomo, Indiana Metropolitan Statistical Area, which includes all of Howard County, the Kokomo-Peru CSA, which includ ...

, is one of the largest producers of corrosion-resistant and high-temperature alloys. In addition to Kokomo, Haynes has manufacturing facilities in Arcadia, Louisiana, and

Mountain Home, North Carolina Mountain Home is an unincorporated community and census-designated place (CDP) in Henderson County, North Carolina, Henderson County, North Carolina, United States. The population was 3,622 at the 2010 United States Census, 2010 census, up from 2,1 ...

. The Kokomo facility specializes in flat products, the Arcadia facility in tubular products, and the Mountain Home facility in wire products. In fiscal year 2018, the company's revenues were derived from the aerospace (52.1%), chemical processing (18.2%), industrial gas turbine (12.0%) and other (12.3%) industries. The company's alloys are primarily marketed under the Hastelloy and the Haynes brands. They are based on nickel, but also include cobalt,

chromium Chromium is a chemical element with the symbol Cr and atomic number 24. It is the first element in group 6. It is a steely-grey, lustrous, hard, and brittle transition metal. Chromium metal is valued for its high corrosion resistance and hardne ...

molybdenum Molybdenum is a chemical element with the symbol Mo and atomic number 42 which is located in period 5 and group 6. The name is from Neo-Latin ''molybdaenum'', which is based on Ancient Greek ', meaning lead, since its ores were confused with lea ...

, tungsten, iron, silicon, manganese, carbon, aluminum, and/or titanium.

History

The company was founded by Elwood Haynes in 1912 in Kokomo, Indiana, as Haynes Stellite Works. Haynes had recently received a patent for a metal he created, which he named

Stellite Stellite is a range of cobalt-chromium alloys designed for wear resistance. The alloys may also contain tungsten or molybdenum and a small, but important, amount of carbon. History Stellite is a trademarked name of Kennametal Inc. Prior to tha ...

. In 1920, the company was acquired by Union Carbide. In 1922, the company invented its first alloy under the Hastelloy brand, derived from the words "Haynes Stellite Alloy". In 1927, Charles Lindbergh's aircraft, the '' Spirit of St. Louis'', which included hard-surfaced engine valves manufactured by Haynes, crossed the Atlantic Ocean. In 1970, Cabot Corporation purchased the company. In 1989, the investment banking firm of Morgan, Lewis, Githens, and Ahn purchased the company. In 1997, the Blackstone Group purchased the company. The debt incurred ultimately forced Haynes into bankruptcy in March 2004, from which it emerged 5 months later in August 2004. In 1999, the company opened an office in Singapore, its first sales office in Asia. In 2004, the company acquired Branford Wire & Manufacturing of

. In March 2007, Haynes became a public company via an initial public offering. The Space Shuttle program, which ended in 2011, used total of 47 parts made from Haynes 188 alloy and 7 from Haynes' Hastelloy B alloy in its engines. Hastelloy C-22 alloy was used for the fuel line bellows that assisted in achieving takeoff. In 2015, the company acquired Leveltek Processing. In 2016, the company expanded its operations in LaPorte, Indiana. The expansion created 52 jobs. In 2018, chairman Michael Shor became President and chief executive officer of the company and Robert H. Getz became Chairman of the Board.

References

External links

{{Finance links , name = Haynes International , google = HAYN , yahoo = HAYN , bloomberg = HAYN:US , symbol = HAYN , sec_cik = HAYN 1912 establishments in Indiana Manufacturing companies based in Indiana Companies based in Kokomo, Indiana Manufacturing companies established in 1912 Companies listed on the Nasdaq Metal companies of the United States Nickel alloys Superalloys Refractory metals Cobalt alloys Chromium alloys 2007 initial public offerings