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K-TIG Ltd ( (AU:MPW) ) has provided an announcement.
Metal Powder Works Limited has achieved two strategic operational milestones at its Neighborhood 91 facility in Pittsburgh, significantly enhancing its production capabilities and cost competitiveness. The company has doubled its production capacity by commissioning two additional DirectPowder™ units and integrated advanced automation into its process, enabling 24/7 continuous production. These advancements are expected to support growth in orders and reduce costs, reinforcing MPW’s position as a critical supplier in the defense, aerospace, and advanced manufacturing sectors.
More about K-TIG Ltd
Metal Powder Works Limited (ASX: MPW) is headquartered in Pittsburgh, USA, and specializes in producing high-quality metal powders for additive manufacturing and advanced applications. The company has developed a patented non-thermal powder production process known as DirectPowder™, which is a significant innovation in powder manufacturing. MPW produces over 16 types of powders, including high-strength aluminum, copper, and specialty alloys.
Average Trading Volume: 583,929
Technical Sentiment Signal: Sell
Current Market Cap: A$245.2M
See more insights into MPW stock on TipRanks’ Stock Analysis page.