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{{Short description|Producer of corrosion-resistant and high-temperature alloys}}
{{Infobox company
{{Infobox company
| name = Haynes International = [[Kokomo, Indiana]]
| name = Haynes International, Inc.
| logo = [[Image:Haynes International Logo.gif|220px|Haynes International]]
| locations =
| type = [[Subsidiary]]
| area_served =
| foundation = {{start date and age|1912}}
| key_people = Mark Comerford, President & CEO<ref name="Haynes International, Inc">{{cite web|title=Directors and Executive Officers|url=http://haynesintl.com/investor-relations/our-company/biographies-of-directors-and-officers|publisher=Haynes International, Inc}}</ref>
| founder = [[Elwood Haynes]]
| industry =
| hq_location = [[Kokomo, Indiana]]
| products = Corrosion-Resistant Alloys<br>High-Temperature Alloys
| key_people = Mike Shor, [[President (corporate title)|president]] & [[Chief executive officer|CEO]] Robert H. Getz [[chairman of the board]]
| services =
| industry = [[Metal]]
| revenue = {{increase}}[[United States Dollar|US$]]579.56 million <small>(''FY 2012'')</small><ref name="Yahoo! Finance">{{cite web|url=http://finance.yahoo.com/q/ks?s=HAYN+Key+Statistics|title=Haynes International, Inc (HAYN)-Key Statistics|publisher=Yahoo! Finance}}</ref>
| products = Corrosion-Resistant Alloys<BR>High-Temperature Alloys
| net_income = {{increase}}[[United States Dollar|US$]]50.15 million <small>(''FY 2012'')</small><ref name="Yahoo! Finance"/>
| production = 18.4 million pounds (2018)
| assets = {{increase}}[[United States Dollar|US$]]626.93 million<small>(''FY 2012'')</small><ref name="Yahoo! Finance"/>
| equity = {{increase}}[[United States Dollar|US$]]301.10 million<small>(''FY 2012'')</small><ref name="Yahoo! Finance"/>
| revenue = {{increase}} $490 million (FY 2019)
| net_income = {{increase}} $9 million (FY 2019)
| owner =
| assets = {{increase}} $593 million (FY 2019)
| num_employees = 1,072 (2006)
| equity = {{decrease}} $296 million (FY 2019)
| parent =
| num_employees = 1,179 (2019)
| divisions =
| parent = [[Acerinox]]
| subsid =
| homepage = {{URL|https://haynesintl.com/}}
| caption =
| footnotes = <ref name=10K>{{cite web | url=https://www.sec.gov/Archives/edgar/data/858655/000155837019011048/hayn-20190930x10k.htm | title=Haynes International, Inc. 2019 Form 10-K Annual Report | publisher=[[U.S. Securities and Exchange Commission]]}}</ref>
| homepage = {{URL|http://www.haynesintl.com/}}
| footnotes =
| intl =
}}
}}
[[File:Swing Check valves.JPG|thumb|Three [[check valve]]s in corrosion-resistant Hastelloy]]

'''Haynes International, Inc.''', a subsidiary of [[Acerinox]] headquartered in [[Kokomo, Indiana]], is one of the largest producers of [[corrosion]]-resistant and high-temperature [[alloy]]s. In addition to Kokomo, Haynes has manufacturing facilities in [[Arcadia, Louisiana]], [[Laporte, Indiana]], and [[Mountain Home, North Carolina]]. The Kokomo facility specializes in flat products, the Arcadia facility in tubular products, and the Mountain Home facility in wire products.<ref name=10K/> 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]], [[molybdenum]], [[tungsten]], [[iron]], [[silicon]], [[manganese]], [[carbon]], [[aluminum]], and/or [[titanium]].<ref>{{cite web | url=http://www.haynesintl.com/alloys/alloy-portfolio_ | title=Haynes International: Alloy Portfolio | publisher=Haynes International | access-date=2017-03-07 | archive-date=2017-03-08 | archive-url=https://web.archive.org/web/20170308051411/http://www.haynesintl.com/alloys/alloy-portfolio_ | url-status=dead }}</ref>
'''Haynes International Inc.''' is a manufacturer of metal [[alloys]] employing more than 1,070 employees worldwide with sales of $434.4 million in 2007 with eight plants around the world. The corporation is headquartered in [[Kokomo, Indiana]]. The company specializes in [[corrosion]] resistant, and high-temperature alloys for the [[aerospace]], [[chemical]], and [[gas turbine]] industries.<ref>http://www.hoovers.com/haynes-international/--ID__51398--/free-co-factsheet.xhtml?cm_ven=PAID&cm_cat=INK&cm_pla=CO1&cm_ite=haynes-international Accessed September 11, 2008.</ref>


==History==
==History==
The company was founded by [[Elwood Haynes]] in 1912 in Kokomo, Indiana, as Haynes Stellite Works.<ref name=10K/> The same year Haynes was awarded two more patents for the more advanced versions of [[Stellite]], which he had originally patented in 1907.<ref name=milestones>{{cite web | url=http://www.haynesintl.com/company-information/our-heritage/our-milestones | title=Haynes International: Our Milestones | publisher=Haynes International | access-date=2017-03-07 | archive-date=2017-03-08 | archive-url=https://web.archive.org/web/20170308051408/http://www.haynesintl.com/company-information/our-heritage/our-milestones | url-status=dead }}</ref>
The company was founded in 1912 as Haynes [[Stellite]] Works by [[Elwood Haynes]] in [[Kokomo, Indiana]]. In the late 1880s Haynes started experimenting with various alloys to create a metal that would resist corrosion. After creating new alloys from [[nickel]] and [[chromium]] he had them patented and started building a foundry in 1912.<ref>http://www.infoplease.com/ipa/A0886860.html</ref> In 1920 the company was sold to [[Union Carbide]]. Haynes is now a publicly traded company.<ref name=" Exchange Securities Commission">{{cite web|url=http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000858655&owner=include&count=40|title=EDGAR Search Results-Haynes International Inc|publisher=Exchange Securities Commission}}</ref>


In 1915, Elwood Haynes and two local businessmen, Richard Ruddell and James C. Patten, incorporate the business as Haynes Stellite Company.<ref name=milestones/>
==HASTELLOY==
[[File:Swing Check valves.JPG|thumb|Three [[check valve]]s in corrosion-resistant Hastelloy]]
{{refimprove|section date=February 2009|date=January 2013}}


In 1920, the company was acquired by [[Union Carbide]].<ref name=milestones/>
HASTELLOYis a registered [[trademark]] name of Haynes International, Inc. The trademark is applied as the prefix name of a range of 22 highly corrosion-resistant [[metal alloy]]s, loosely grouped by the [[metallurgy|metallurgical industry]] under the material term “[[superalloy]]s” or “high-performance alloys”.


In 1922, the company invented its first alloy under the '''Hastelloy''' brand, derived from the words "Haynes Stellite Alloy".<ref name=milestones/>
The predominant alloying ingredient is typically the [[transition metal]] nickel. Other alloying ingredients are added to nickel in each of the subcategories of this trademark designation and include varying percentages of the elements [[molybdenum]], [[chromium]], [[cobalt]], [[iron]], [[copper]], [[manganese]], [[titanium]], [[zirconium]], [[aluminum]], [[carbon]], and [[tungsten]].


In 1927, [[Charles Lindbergh]]'s aircraft, the ''[[Spirit of St. Louis]]'', which included hard-surfaced engine valves manufactured by Haynes, crossed the [[Atlantic Ocean]].<ref name=milestones/>
The primary function of the HASTELLOY super alloys is that of effective survival under high-temperature, high-stress service in a moderately to severely corrosive, and/or erosion-prone environment where iron-based alloys would fail, including the [[pressure vessel]]s of some [[nuclear reactor]]s, [[chemical reactor]]s, distillation equipment, and pipes and valves in chemical industry. Although a super alloy, HASTELLOY experiences degradation due to fabricating and handling. [[Electropolishing]] or [[Passivation (chemistry)|passivation]] of Hastelloy can improve corrosion resistance.<ref>{{Citation | title = Hastelloy Electropolishing and Passivation | url = http://www.harrisonep.com/materials/hastelloy.html }}. </ref>


In 1970, [[Cabot Corporation]] purchased the company.<ref name=milestones/>
The following HASTELLOY alloys have been produced; however, production of some may have been discontinued:


In 1989, the investment banking firm of Morgan, Lewis, Githens, and Ahn purchased the company.<ref name=milestones/>
{| class="wikitable" border="1"
|+ Composition of various hastelloy alloys (percent)
|-
! Alloy !! [[Cobalt|Co]] !! [[Chromium|Cr]] !! [[Molybdenum|Mo]] !! [[Tungsten|W]] !! [[Iron|Fe]] !! [[Silicon|Si]] !! [[Manganese|Mn]] !! [[Carbon|C]] !! [[Nickel|Ni]] !! Others
|-
| B-2 || 1* || 1* || 28 || – || 2* || 0.1* || 1* || 0.01* || Balance || –
|-
| B-3 || 3* || 1.5 || 28.5 || 3* || 1.5 || 0.1* || 3* || 0.01* || 65 min. || [[Aluminium|Al]]-0.5*, [[Titanium|Ti]]-0.2*
|-
| C-4 || 2* || 16 || 16 || – || 3* || 0.08* || 1* || 0.01* || Balance || Ti-0.7*
|-
| C-2000 || 2* || 23 || 16 || – || 3* || 0.08* || – || 0.01* || Balance || [[Copper|Cu]]-1.6
|-
| C-22 || 2.5* || 22 || 13 || 3 || 3 || 0.08* || 0.5* || 0.01* || Balance || [[Vanadium|V]]-0.35*
|-
| C-276 || 2.5* || 16 || 16 || 4 || 5 || 0.08* || 1* || 0.01* || Balance || V-0.35*
|-
| G-30 || 2* || 30 || 5.5 || 2.5 || 15 || 1* || 1.5* || 0.03* || Balance || [[Niobium|Nb]]-0.8*, Cu-2*
|-
| N || 0.2* || 7 || 16 || 0.5* || 5* || 1* || 0.8* || 0.08* || Balance || Al+Ti-0.5*, Cu-0.35*
|-
| W || 2.5* || 5 || 24 || – || 6 || 1* || 1* || 0.12* || Balance || V-0.6*
|-
| X || 1.5* || 22* || 9* || 0.6* ||18.5* || 0.5* || 0.5* || 0.1* || Balance || –
|}


In 1997, the [[Blackstone Group]] purchased the company.<ref name=milestones/> The debt incurred ultimately forced Haynes into bankruptcy in March 2004, from which it emerged 5 months later in August 2004.<ref name=10K/>
*<sup>1</sup> The undiluted deposited chemical composition of covered electrodes of some of these alloys may vary beyond the limits shown.<ref name=Fabrication>[http://haynesintl.com/alloys/fabrication-brochure] Fabrication of Hastelloy Corrosion Resistant Alloys</ref>
*<sup>*</sup>Maximum


In 1999, the company opened an office in Singapore, its first sales office in Asia.<ref name=milestones/>
==See also==

* [[Inconel]]
In 2004, the company acquired Branford Wire & Manufacturing of [[Mountain Home, North Carolina]].<ref name=milestones/><ref>{{cite press release | url=https://www.businesswire.com/news/home/20041108005182/en/Haynes-Announces-Acquisition-Branford-Wire-Manufacturing | title=Haynes Announces Acquisition of Branford Wire & Manufacturing | publisher=[[Business Wire]] | date=November 8, 2004}}</ref>
* [[Molten-Salt Reactor Experiment]] (MSRE)

* [[Monel]]
In March 2007, Haynes became a [[public company]] via an [[initial public offering]].<ref>{{cite news | url=https://www.reuters.com/article/haynes-ipo-idUSWEN558020070319 | title=Haynes prices $136.5 million IPO at $65 a share | work=[[Reuters]] | date=March 19, 2007}}</ref><ref>{{cite news | url=https://www.marketwatch.com/amp/story/guid/32B1322B-D244-4FE5-8612-2BF3CA15891E | title=Haynes Int'l prices IPO of 2.1 million shares at $65 | first=Robert | last=Daniel | work=[[MarketWatch]] | date=March 20, 2007}}</ref>
* [[Nimonic]]

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.<ref name=milestones/>

In 2015, the company acquired Leveltek Processing.<ref>{{cite press release | url=https://globenewswire.com/news-release/2014/10/21/675103/10103607/en/Haynes-International-Inc-Agrees-to-Purchase-Assets-and-Operations-of-Leveltek-Processing-LLC-in-LaPorte-Indiana.html | title=Haynes International, Inc. Agrees to Purchase Assets and Operations of Leveltek Processing, LLC in LaPorte, Indiana | publisher=[[Globe Newswire]] | date=October 21, 2014}}</ref><ref>{{Cite web|date=2014-10-22|title=Haynes Acquires Leveltek Processing|url=https://www.manufacturing.net/supply-chain/news/13095821/haynes-acquires-leveltek-processing|access-date=2020-08-12|website=Manufacturing.net|language=en-us}}</ref>

In 2016, the company expanded its operations in LaPorte, Indiana.<ref>{{cite press release | url=https://globenewswire.com/news-release/2016/05/02/835642/0/en/Haynes-International-Inc-Announces-Expansion-of-LaPorte-IN-Operations.html | title=Haynes International, Inc. Announces Expansion of LaPorte, IN Operations | publisher=[[Globe Newswire]] | date=May 2, 2016}}</ref> The expansion created 52 jobs.<ref>{{cite news | url=https://www.heraldargus.com/news/haynes-expansion-manufactures-jobs/article_9d86b4aa-b0ef-5da2-a249-64b6b81241c7.html | title=Haynes expansion manufactures 52 jobs | first=Jon | last=Gard | work=[[La Porte Herald-Argus]] | date=July 25, 2017 | access-date=December 16, 2018 | archive-date=December 13, 2018 | archive-url=https://web.archive.org/web/20181213110222/https://www.heraldargus.com/news/haynes-expansion-manufactures-jobs/article_9d86b4aa-b0ef-5da2-a249-64b6b81241c7.html | url-status=dead }}</ref>

In 2018, chairman Michael Shor became President and chief executive officer of the company and Robert H. Getz became Chairman of the Board. <ref>{{cite press release | url=https://globenewswire.com/news-release/2018/05/29/1513188/0/en/Haynes-International-Inc-Announces-Leadership-Change.html | title=Haynes International, Inc. Announces Leadership Change | publisher=[[Globe Newswire]] | date=May 29, 2018}}</ref><ref>{{cite press release | url=https://globenewswire.com/news-release/2018/09/04/1565249/0/en/Haynes-International-Inc-Announces-Appointment-of-President-and-Chief-Executive-Officer.html | title=Haynes International, Inc. Announces Appointment of President and Chief Executive Officer | publisher=[[Globe Newswire]] | date=September 4, 2018}}</ref>

In 2024, the company was acquired by [[Acerinox]].<ref>{{Cite press release | url=https://www.businesswire.com/news/home/20241121792639/en/Acerinox-Completes-the-Acquisition-of-Haynes-International | title=Acerinox Completes the Acquisition of Haynes International | publisher=[[Business Wire]] | date=November 21, 2024}}</ref>


==References==
==References==
Line 78: Line 60:


==External links==
==External links==
*{{official website|http://www.haynesintl.com/}}
* {{Official website|https://haynesintl.com/}}


[[Category:Companies based in Indiana]]
[[Category:1912 establishments in Indiana]]
[[Category:2007 initial public offerings]]
[[Category:2024 mergers and acquisitions]]
[[Category:Chromium alloys]]
[[Category:Cobalt alloys]]
[[Category:Companies based in Kokomo, Indiana]]
[[Category:Companies formerly listed on the Nasdaq]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2004]]
[[Category:Manufacturing companies based in Indiana]]
[[Category:Manufacturing companies established in 1912]]
[[Category:Metal companies of the United States]]
[[Category:Nickel alloys]]
[[Category:Nickel alloys]]
[[Category:Superalloys]]
[[Category:Refractory metals]]
[[Category:Refractory metals]]
[[Category:Cobalt alloys]]
[[Category:Superalloys]]
[[Category:Chromium alloys]]
[[Category:Companies listed on the New York Stock Exchange]]

Latest revision as of 11:27, 25 November 2024

Haynes International, Inc.
Company typeSubsidiary
IndustryMetal
Founded1912; 113 years ago (1912)
FounderElwood Haynes
HeadquartersKokomo, Indiana
Key people
Mike Shor, president & CEO Robert H. Getz chairman of the board
ProductsCorrosion-Resistant Alloys
High-Temperature Alloys
Production output
18.4 million pounds (2018)
RevenueIncrease $490 million (FY 2019)
Increase $9 million (FY 2019)
Total assetsIncrease $593 million (FY 2019)
Total equityDecrease $296 million (FY 2019)
Number of employees
1,179 (2019)
ParentAcerinox
Websitehaynesintl.com
Footnotes / references
[1]
Three check valves in corrosion-resistant Hastelloy

Haynes International, Inc., a subsidiary of Acerinox headquartered in Kokomo, Indiana, is one of the largest producers of corrosion-resistant and high-temperature alloys. In addition to Kokomo, Haynes has manufacturing facilities in Arcadia, Louisiana, Laporte, Indiana, and Mountain Home, North Carolina. The Kokomo facility specializes in flat products, the Arcadia facility in tubular products, and the Mountain Home facility in wire products.[1] 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, molybdenum, tungsten, iron, silicon, manganese, carbon, aluminum, and/or titanium.[2]

History

[edit]

The company was founded by Elwood Haynes in 1912 in Kokomo, Indiana, as Haynes Stellite Works.[1] The same year Haynes was awarded two more patents for the more advanced versions of Stellite, which he had originally patented in 1907.[3]

In 1915, Elwood Haynes and two local businessmen, Richard Ruddell and James C. Patten, incorporate the business as Haynes Stellite Company.[3]

In 1920, the company was acquired by Union Carbide.[3]

In 1922, the company invented its first alloy under the Hastelloy brand, derived from the words "Haynes Stellite Alloy".[3]

In 1927, Charles Lindbergh's aircraft, the Spirit of St. Louis, which included hard-surfaced engine valves manufactured by Haynes, crossed the Atlantic Ocean.[3]

In 1970, Cabot Corporation purchased the company.[3]

In 1989, the investment banking firm of Morgan, Lewis, Githens, and Ahn purchased the company.[3]

In 1997, the Blackstone Group purchased the company.[3] The debt incurred ultimately forced Haynes into bankruptcy in March 2004, from which it emerged 5 months later in August 2004.[1]

In 1999, the company opened an office in Singapore, its first sales office in Asia.[3]

In 2004, the company acquired Branford Wire & Manufacturing of Mountain Home, North Carolina.[3][4]

In March 2007, Haynes became a public company via an initial public offering.[5][6]

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.[3]

In 2015, the company acquired Leveltek Processing.[7][8]

In 2016, the company expanded its operations in LaPorte, Indiana.[9] The expansion created 52 jobs.[10]

In 2018, chairman Michael Shor became President and chief executive officer of the company and Robert H. Getz became Chairman of the Board. [11][12]

In 2024, the company was acquired by Acerinox.[13]

References

[edit]
  1. ^ a b c d "Haynes International, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ "Haynes International: Alloy Portfolio". Haynes International. Archived from the original on 2017-03-08. Retrieved 2017-03-07.
  3. ^ a b c d e f g h i j k "Haynes International: Our Milestones". Haynes International. Archived from the original on 2017-03-08. Retrieved 2017-03-07.
  4. ^ "Haynes Announces Acquisition of Branford Wire & Manufacturing" (Press release). Business Wire. November 8, 2004.
  5. ^ "Haynes prices $136.5 million IPO at $65 a share". Reuters. March 19, 2007.
  6. ^ Daniel, Robert (March 20, 2007). "Haynes Int'l prices IPO of 2.1 million shares at $65". MarketWatch.
  7. ^ "Haynes International, Inc. Agrees to Purchase Assets and Operations of Leveltek Processing, LLC in LaPorte, Indiana" (Press release). Globe Newswire. October 21, 2014.
  8. ^ "Haynes Acquires Leveltek Processing". Manufacturing.net. 2014-10-22. Retrieved 2020-08-12.
  9. ^ "Haynes International, Inc. Announces Expansion of LaPorte, IN Operations" (Press release). Globe Newswire. May 2, 2016.
  10. ^ Gard, Jon (July 25, 2017). "Haynes expansion manufactures 52 jobs". La Porte Herald-Argus. Archived from the original on December 13, 2018. Retrieved December 16, 2018.
  11. ^ "Haynes International, Inc. Announces Leadership Change" (Press release). Globe Newswire. May 29, 2018.
  12. ^ "Haynes International, Inc. Announces Appointment of President and Chief Executive Officer" (Press release). Globe Newswire. September 4, 2018.
  13. ^ "Acerinox Completes the Acquisition of Haynes International" (Press release). Business Wire. November 21, 2024.
[edit]
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