PTCAlliance Continues to Invest

 Contact:  Monica Pritchard                                      FOR IMMEDIATE RELEASE

                Tel:  (330) 821-5700

                Email:  monica.pritchard@PTCAlliance.com

PTC ALLIANCE CONTINUES TO INVEST IN SUPPORT OF CHANGING CUSTOMER NEEDS

Pittsburgh, PA – (January 11, 2008) – Since acquiring Pennsylvania Cold Drawn in February, 2006, PTC Alliance has invested approximately $7 million to establish a dedicated components facility in Beaver Falls, PA to serve the tubular component needs of the hydraulic cylinder market. 

The dedicated components facility comprises a 100,000-square-foot additional building plus investment in dedicated tube fabricating equipment.  PTC Alliance plans to expand its workforce by 70 people to man the new facility and continue its commitment to being the global premier mechanical tubing provider.  

PTC Alliance’s Beaver Falls facility will have new equipment which, in addition to traditional tube manufacturing, will include precision cutting, machining, flange welding and attachment of other accessories, enabling tight specification components to be shipped to customers ready for assembly. 

“In 2006, this acquisition expanded our product offering to our customers.  Additionally, opportunities exist to add further processing and product capability in support of our customer’s needs.  We understand that what may have worked in the past may well need to change and we are prepared to embrace that change in support of our customers by making the appropriate investments in people and equipment” said Peter Whiting, Chairman and CEO of PTCAlliance. 

About PTC Alliance

PTC Alliance is a leading manufacturer and marketer of welded and cold drawn mechanical steel tubing and tubular shapes, fabricated parts, precision components and chrome-plated rod. The company’s major customers include steel service centers, automotive and truck manufacturers, construction and agricultural equipment OEMs and machinery and appliance makers. With eleven strategically located factories in North America and a manufacturing complex in Germany, PTC Alliance is able to minimize lead time, shipping distance and expense for its customers.