DOCSLIB.ORG

Fiscal Year 2021 Third Quarter Results June 30, 2021 109 Years Of

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Fiscal Year 2021 Third Quarter Results June 30, 2021 109 Years Of Fiscal Year 2021 Third Quarter Results June 30, 2021 109 Years of Alloy, Process, and Product Innovation FY2021 1 Forward-looking statements The information contained in this presentation, and in the oral statements made as part of the presentation, may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements relate to future events and expectations and involve known and unknown risks and uncertainties. You should keep in mind that any forward-looking statements made by us speak only as of the date on which we make it. Our actual results or actions may differ materially from those discussed in forward-looking statements. We have no duty to, and do not intend to, update or revise the forward-looking statements in this presentation except as may be required by law. For a summary of specific risk factors that could cause results to differ materially from those expressed in the forward looking statements, please refer to our most recent filings with the Securities and Exchange Commission, including the Company’s Annual report on Form10-K. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. Copyright 2021. Presentation and contents of this presentation are copyrighted by Haynes International, Inc. All rights reserved. Copying of this presentation is forbidden without the prior written consent of Haynes International, Inc. Information in this presentation is provided without warranty of any kind, either expressed or implied, including but not limited to the implied warranties of merchantability, fitness for a particular purpose and the timeliness of the information. Presentation and contents of this presentation are not an offer to buy or sell securities of Haynes International, Inc., and Haynes International, Inc. is not soliciting any offer to buy or sell any such securities. FY2021 2 From our conference call: “Continued focus on our improvement initiatives resulted in a return to profitability this quarter. Our efforts to significantly reduce our breakeven point have been successful. We were profitable at 3.7 million pounds shipped in our third quarter, compared to our previous breakeven point of roughly 5 million pounds.” Michael L. Shor, President and CEO of Haynes International Gross margin percentage improved 530 basis points to 15.5% in the third quarter of fiscal 2021 from 10.2% in the second quarter of fiscal 2021. We are encouraged by the initial indications of recovery in each of our key end markets; however, the Aerospace supply chain is not expected to experience significant order increases until later this calendar year. We announced multiple price increases for non-contract business as market conditions improved combined with inflationary pressures. Our cash generation strategy over the past year has resulted in $74.2 million of cash on the balance sheet at June 30th, providing multiple options for us as we execute our value-creating capital allocation strategy. FY2021 3 Capital Allocation Strategy designed for value creation “We believe that repurchasing our stock at current market prices represents an attractive capital allocation strategy for the Company. We feel this is a unique opportunity to repurchase shares well below the intrinsic value of the Company given the outlook of the markets we serve, particularly the anticipated recovery in commercial Aerospace, combined with our gross margin expansion strategies.” Michael L. Shor, President and CEO of Haynes International We announced a multi-faceted capital allocation strategy, which includes: A share repurchase plan, Adoption of a glide path for its U.S. pension plan to help secure improvements in funding percentage realized this fiscal year due to higher than expected return on plan assets combined with higher interest rates, and A U.S. pension plan accelerated funding strategy with the intention of fully funding the plan in approximately three years. “The adoption of a glide path is expected to reduce our current $100 million pension liability by potentially 50%. These steps represent significant actions to de-risk the plan and strive to eliminate the largest liability on our balance sheet. We believe all of these capital allocation strategies are an excellent use of the cash on the balance sheet that we believe will increase shareholder value.” Michael L. Shor, President and CEO of Haynes International FY2021 4 More than a century of alloy innovation For 109 years, Haynes International has been a leading developer, manufacturer, and distributor of high-performance nickel- and cobalt-based alloys for use in high- temperature and corrosion applications. Our focus is on innovation, differentiation, and customer service. We produce high-value, differentiated nickel-and cobalt-based high-performance alloys. Developing alloys and solutions for tomorrow. Application engineering- new and existing alloys. Unique, world-class manufacturing equipment, including a 4-high reversing hot-rolling mill. Customer focus: manufacturing, technical sales support, and value-added processing in our service centers. Dedicated and focused work force. FY2021 5 Alloy development is at the very heart of what we do. More than 53% of our sales are from our HASTELLOY® and HAYNES® alloys we invented. Since 2003, our technical programs have yielded 9 new proprietary alloys. We currently have 26 published U.S. patents and applications. Key Attributes of High-temperature Alloys 2400 Sulfidation resistance Alumina-formers Molten salt 214® 2200 HR-224® 1200 resistance Metal dusting 230® HR-160® 233 Low-thermal 2000 resistance 617 expansion + Most fabricable X 200°F advantage ® of this group HR-235 HR-120® vs. 242® alloy 1000 1800 25 188 N 625 Best combination 282® 1600 of creep strength + Waspaloy oxidation resistance R-41 263 800 233 (aged) 1400 244® Premier Gamma-prime formers Ni-base 1200 242® solid-solution alloy* 718 600 Most oxidation- *of the conventional 1000 resistant of chromia-forming type this group Premier Co-base 800 solid-solution 400 alloy 600 Low-thermal expansion Approx. Maximum Use Temperature (°F) Approx. Maximum Use Temperature (°C) 400 200 Age-hardenable Solid-solution 200 Bold type indictes a Haynes International invented alloy; Red Bold type indicates still under U.S. patent. HAYNES, 214, 230, 242, 244, 282, HR-120, HR-160, HR-224, and HR-235 are registered trademarks of Haynes International, Inc. 233 is a trademark of Haynes International, Inc. (LMP 2/21/2020) 0 0 We don’t merely react to industry requirements. We help define them. FY2021 6 Our products are out of this world...literally. Our mission-critical alloys have flown on The Perseverance Rover every Apollo and space shuttle flights, Landed February 18, 2021 lowered the first Viking Mars Lander on August 20, 1975, and continue to be a part of historic space exploration missions. February 18, 2021 marked the touchdown of the Perseverance rover at the Jezero Crater on Mars. Like NASA’s Curiosity Mission, our high-temperature, HAYNES® 230® alloy was used in the descent thrusters of the Sky Crane vehicle that safely lowered Perseverance to the Martian surface. The Curiosity Rover Landed August 6, 2012 FY2021 7 Haynes International- synonymous with high-performance alloys. Our Manufacturing Facilities ROW Other China 10% • Kokomo, Indiana: 18% Melting and flat products 5% • Arcadia, Louisiana: Industrial Gas Turbines Net Revenues Net Revenues Aerospace 15% by End Market Europe by Region Tubular products 50% North America (FY20) 24% (FY20) • Mountain Home, North Carolina: 61% Chemical Wire products Processing 17% We manufacture sophisticated alloys for specific end-uses. We have the specialized equipment and the technical expertise to market and manufacture these complex alloys. Revenue by Alloy Family Revenue by Product Forms High-temperature alloys 81% Flat products 56% Corrosion-resistant alloys 19% (Sheet, coil, plate, and cut parts) Long products 44% (Bar, billet, tube, wire) FY2021 8 Key markets overview Returning to profitability is an exciting milestone as we emerge from what we believe are the early stages of the recovery. Our continued focus on initiatives to increase margins from price increases and cost reductions has successfully reduced our breakeven point. Q3 FY21 vs. Last Year vs. Sequential Sales Mix Q3FY20 Q2FY21 Narrative Aerospace volumes improving, but Aerospace $33,950 39% (16)% 11% still well below normalized levels. Significant order increases not expected until later in calendar year. Chemical Pandemic reopening and increases in Processing $17,010 19% 40% 13% oil prices driving capital expenditures. Industrial Market share gains continuing to Gas $17,835 20% 30% 9% gain additional momentum. Turbine Other Increase in demand from Markets $13,709 16% 22% (12)% automotive sub-market. Other Increase in toll conversion. Revenue $5,639 6% 77% 28% 3.7M lbs shipped; increase of 18% Total $88,143 100% 9% 7% YoY and 6% sequentially. FY2021 9 Aerospace Market Q3 Fiscal Year 2021 (ending June 2021): Aerospace is a core strength for us and our largest market. Significant Net revenue at $34.0 million, down (16)% reductions in industry build rates, from last year, but up 11% sequentially. caused by the COVID-19 pandemic Aerospace accounted for 39% of our revenue and the 737MAX, drove lower this quarter. volumes. Volumes improving, but Volume is 1,354,000 lbs, down (11)% from more meaningful order entry last year, but up 15% sequentially. expected later in calendar year. Average selling price at $25.07/lb. Our alloys are used in a strong suite of Aerospace applications, including: • Combustors • Afterburners • Cases • Manifolds • Rings • Hydraulic lines • Shrouds • Heat shields • Fuel systems • Exhaust ducts HAYNES® 25, 188, 214®, 230®, 233™, 242®, 244® 263, 282®, 625, 718, NS-163®, Ti-3Al-2.5V, Waspaloy, MULTIMET®, and HASTELLOY® X alloys FY2021 10 Chemical Processing Industry Corrosion-resistant alloys in CPI market recovering with economies reopening and oil prices rising driving CapEx spending by chemical companies.
Load more

Recommended publications
  • Haynes International
    HAYNES INTERNATIONAL The Last 100 Years Acknowledgements The authors wish to thank all of the people who have helped us in researching, writing, and editing this short history of Haynes International. We are particularly grateful to Haynes International for allowing us access to historical documents, photographs, and other articles that have managed to survive over the years. Much of what we have written comes from Ralph D. Gray’s excellent book “STELLITE – A History of the Haynes Stellite Company 1912 – 1972”. This book was the source for many of the facts and stories we used in this short history. Many thanks to Michael F. Rothman for his written contributions to this book, and for the final editing of the manuscript. Edmond J. Bickel Dr. F. Galen Hodge Dale A. Kingseed Dr. Dwaine L. Klarstrom Charles J. Sponaugle July, 2012 ©2012 Haynes International, Inc. - 1 - HAYNES INTERNATIONAL The Last 100 Years INTRODUCTION Haynes International celebrates the 100th anniversary of its founding in October, 2012. Begun by Elwood Haynes, the company traces its origins back to a day in September, 1912 when Haynes learned that he would be granted patents for two of his special alloy inventions. He immediately purchased property and constructed a building to house melting furnaces for commercially producing the material he called STELLITE® alloy. By October, 1912 the “Haynes Stellite Works” was in business, with production actually underway by December. The company began with just four workers, consisting of Haynes, his wife, his brother- in-law, and his 16 year old son March. March worked evenings and Saturdays as a grinder.
    [Show full text]
  • Merrill Document Readback
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2011 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33288 HAYNES INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware 06-1185400 (State or other jurisdiction of (I.R.S. Employer Identification No.) incorporation or organization) 1020 West Park Avenue, Kokomo, Indiana 46904-9013 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code (765) 456-6000 Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered Common Stock, par value $.001 per share NASDAQ Global Market Securities registered pursuant to section 12(g) of the Act: None. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
    [Show full text]
  • HAYNES® 617 Alloy
    HAYNES® 617 alloy Principal Features HAYNES® 617 alloy (UNS N06617) is a nickel-chromium-cobalt-molybdenum alloy with a good combination of metallurgical stability, strength, and oxidation resistance at high tem- peratures. The alloy is readily formed and welded by conventional techniques. HAYNES® 617 alloy is use in applications such as gas turbines for combustion cans, ducting, and transition lines. For modern application, HAYNES® 230® alloy should be considered as a replacement. Nominal Composition Weight % Nickel: Balance Cobalt: 12.5 Chromium: 22 Molybdenum: 9 Manganese: 0.2 max. Silicon: 0.2 max. Iron: 1 Titanium: 0.3 Aluminum: 1.2 Carbon: 0.07 Boron: 0.006 max. Creep-Rupture Strength Solution annealed Sheet Approximate Initial Stress to Produce Specified Creep in Temperature Creep 10 Hours 100 Hours 1,000 Hours °F °C % ksi MPa ksi MPa ksi MPa 0.5 18.7 129 14.5 100 11 76 1400 760 1 20.5 141 15.5 107 12 83 R 33* 228* 26 179 20 138 0.5 13.2* 91* 10.2 70 7.7 53 1500 816 1 14.0* 97* 10.8 74 8.5 59 R 23.5 162 17.0 117 12.2 84 0.5 9.5 66 7.3 50 5.0* 34* 1600 871 1 10.0 69 7.7 53 5.3* 37* R 16.5 114 11.4 79 7.3 50 0.5 6.5 45 4.3 30 2.9* 20* 1700 927 1 7.4 51 4.8 33 3.2* 22* R 11.7 81 7.4 51 4.5 31 0.5 - - 2.9 20 1.7 12 1800 982 1 - - 3.3 23 1.9 13 R - - 5.2 36 2.3 16 *Significant extrapolation H-3171D © 2020 Haynes International Oxidation Resistance Comparative Oxidation Resistance in Flowing Air, 1008 Hours* 1800°F (982°C) 2000°F (1093°C) 2100°F (1149°C) 2200°F (1204°C) Average Average Average Average Average Metal Average Metal Average
    [Show full text]
  • HAYNES® 625 Alloy
    HAYNES® 625 alloy Principal Features Excellent Strength Up To 1500°F (816°C), Good Oxidation Resistance, and Good Resistance to Aqueous Corrosion HAYNES® 625 alloy (UNS N06625) is a nickel- chromium-molybdenum alloy with excellent strength from room temperature up to about 1500°F (816°C). At higher temperatures, its strength is generally lower than that of other solid-solution strengthened alloys. Alloy 625 has good oxidation resistance at temperatures up to 1800°F (982°C) and provides good resistance to aqueous corrosion, but generally not as effectively as modern HASTELLOY® corrosion-resistant alloys. Easily Fabricated HAYNES® 625 alloy has excellent forming and welding characteristics. It may be forged or otherwise hot-worked providing temperature is maintained in the range of about 1800 to 2150°F (982 to 1177°C). Ideally, to control grain size, finish hot working operations should be performed at the lower end of the temperature range. Because of its good ductility, al- loy 625 is also readily formed by cold working. However, the alloy does work-harden rap- idly so intermediate annealing treatments may be needed for complex component forming operations. In order to restore the best balance of properties, all hot- or cold-worked parts should be annealed and rapidly cooled. The alloy can be welded by both manual and automatic welding methods, including gas tungsten arc (GTAW), gas metal arc (GMAW), electron beam, and resistance welding. It exhibits good restraint welding characteristics. Heat Treatment Unless otherwise specified, wrought HAYNES® 625 alloy is normally supplied in the mill-annealed condition. The alloy is usually mill-annealed at 1925°F plus or minus 25°F (1052°C plus or minus 14°C) for a time commensurate with section thickness and rapidly cooled or water-quenched for optimum properties.
    [Show full text]
  • INCONEL® Alloy 22 (UNS N06022; W
    www.specialmetals.com INCONEL® alloy 22 (UNS N06022; W. Nr. 2.4602; NiCr21Mo14W) is a fully austenitic advanced corrosion-resistant alloy that offers resistance to both aqueous corrosion and attack at elevated temperatures. This alloy provides exceptional resistance to general corrosion, pitting, crevice corrosion, intergranular attack, and stress corrosion cracking. Alloy 22 has found numerous applications in the chemical/petrochemical processing, pollution control (flue gas desulfurization), power, marine, pulp and paper processing, and waste disposal industries. Alloy 22 is nickel-base and typically contains 22% chromium, 14% molybdenum, and 3% tungsten. Iron is normally limited to less than 3%. The alloy’s high content of chromium gives it good resistance to wet corrosion by oxidizing media (e.g., nitric acid and ferric and cupric salts). Its contents of molybdenum and tungsten give the alloy resistance to wet reducing media (e.g., sulfuric and hydrochloric acids). Alloy 22 exhibits excellent resistance to corrosive attack by seawater under stagnant and flowing conditions. At elevated temperatures, the high chromium level of INCONEL alloy 22 helps it resist oxidation, carburization, and sulfidation. Since it is nickel-base, alloy 22 resists high temperature attack by halides (e.g., chlorides and fluorides). With these attributes, the alloy is widely used to protect steel tubes and other components in coal-fired and waste-to-energy boilers. Table 1 - Limiting Chemical Composition, %, of INCONEL alloy 22 products are covered INCONEL
    [Show full text]
  • An Evaluation of High Temperature Airframe Seals for Advanced Hypersonic Vehicles
    NASA/TM—2007-215043 AIAA–2007–5743 An Evaluation of High Temperature Airframe Seals for Advanced Hypersonic Vehicles Jeffrey J. DeMange The University of Toledo, Toledo, Ohio Patrick H. Dunlap and Bruce M. Steinetz Glenn Research Center, Cleveland, Ohio Gary J. Drlik Analex Corporation, Brook Park, Ohio October 2007 NASA STI Program . in Profile Since its founding, NASA has been dedicated to the • CONFERENCE PUBLICATION. Collected advancement of aeronautics and space science. The papers from scientific and technical NASA Scientific and Technical Information (STI) conferences, symposia, seminars, or other program plays a key part in helping NASA maintain meetings sponsored or cosponsored by NASA. this important role. • SPECIAL PUBLICATION. Scientific, The NASA STI Program operates under the auspices technical, or historical information from of the Agency Chief Information Officer. It collects, NASA programs, projects, and missions, often organizes, provides for archiving, and disseminates concerned with subjects having substantial NASA’s STI. The NASA STI program provides access public interest. to the NASA Aeronautics and Space Database and its public interface, the NASA Technical Reports Server, • TECHNICAL TRANSLATION. English- thus providing one of the largest collections of language translations of foreign scientific and aeronautical and space science STI in the world. technical material pertinent to NASA’s mission. Results are published in both non-NASA channels and by NASA in the NASA STI Report Series, which Specialized services also include creating custom includes the following report types: thesauri, building customized databases, organizing and publishing research results. • TECHNICAL PUBLICATION. Reports of completed research or a major significant phase For more information about the NASA STI of research that present the results of NASA program, see the following: programs and include extensive data or theoretical analysis.
    [Show full text]
  • Corrosion-Resistant Alloys and High-Temperature Alloys
    SAFETY DATA SHEET SAFETY DEPARTMENT HAYNES INTERNATIONAL, INC. 1020 WEST PARK AVENUE Corrosion-resistant Alloys P.O. BOX 9013 KOKOMO, INDIANA 46904-9013 (USA) and NORTH AMERICA (NA) INFORMATION: 1-765-456-6714 High-temperature Alloys EUROPE (EU) INFORMATION: 011-44-161-230-7777 SDS IDENTIFICATION NUMBER PREVIOUS EMERGENCY PHONE NUMBERS REVISION DATE January 20, 2016 HAYNES: 1-765-456-6894 H2071-11 (24-hour contact for Health & Transportation Emergencies) This replaces H2071-10 DATE REVISED January 30, 2019 This Safety Data Sheet (SDS) provides information on a specific group of manufactured metal products. Since these metal products share a common physical nature and constituents, the data presented are applicable to all alloys identified. This document was prepared to meet the requirements of those jurisdictions that have adopted the Globally Harmonized System (GHS) of Classification and Labeling of Chemicals, and the Superfund Amendments and Reauthorization Act of 1986. HAYNES® and HASTELLOY® are registered trademarks of Haynes International, Inc. 1. PRODUCT IDENTIFICATION CHEMICAL NAME: See Section 3 for Alloy Designations CHEMICAL FAMILY: Alloy TRADE NAME: See Alloys listed in this Section FORMULA: Alloys composed of varying concentrations of elements listed in Section 3 HASTELLOY® B alloy HASTELLOY® X alloy HAYNES® 230® alloy HASTELLOY® B-2 alloy HASTELLOY® W alloy HAYNES® 233™ alloy HASTELLOY® B-3® alloy HAYNES® GTD 222 alloy HAYNES® 242® alloy HASTELLOY® C-22® alloy HAYNES® HR-120® alloy HAYNES® 244® alloy HASTELLOY® C-22HS® alloy
    [Show full text]
  • 26Jan200610413109
    26JAN200610413109 January 27, 2012 To our stockholders, In fiscal 2011, our end markets continued to strengthen. As a result of the strengthening of our core end markets and the Company’s continuous improvement efforts, we were able to: • increase revenue to $542.9 million, from $381.5 million in fiscal 2010; • more than triple net income to $31.1 million, from $8.9 million in fiscal 2010; • improve inventory turns to 1.5 from 1.04 in the prior year; • invest over $14.0 million in capital upgrades and additions to our plants to meet the needs of our customers; • expand gross margin to 17.3%, from 14.1% in fiscal 2010; • finish the year with over $180.0 million in available liquidity, which includes $60.1 million in cash and no debt; and • increase our quarterly cash dividend 10% to $0.22 per share of outstanding common stock. As mentioned in several of our investor updates and earnings calls, we recognize the fragility of the world economy, but we are also optimistic about both the short- and long-term prospects for our core markets and the new markets we are developing. The Right Products for The Right Markets Our business in aerospace products improved 47.1% over fiscal 2010 to $203.6 million. HAYNES↧ 282 alloy continued to gain traction in qualification trials for new commercial and military platforms, and our core strategy of service via cut parts continues to solidify our position in customers’ supply chains. In addition, Boeing and Airbus announced aggressive production ramp-ups which are expected to drive demand in aero-engines and aero-structures over the next decade.
    [Show full text]
  • 5JAN201722042080 January 26, 2018
    5JAN201722042080 January 26, 2018 To My Fellow Stockholders: After a challenging fiscal 2017 characterized by competitive pricing and low volume in some of our key markets, order entry has gained momentum through the beginning of fiscal 2018. We are hopeful that this is indicative of returning strength in our end markets. Aerospace, buoyed by the ramp-up of the new engine platforms, along with better activity in chemical processing special projects, are leading the way at this point, and we expect these markets, along with our tolling business and smaller industrial markets like heat treating and energy, to continue to expand as we move deeper into 2018. During fiscal 2017 and early fiscal 2018, we completed our major capital expenditure projects. During this cycle, we rebuilt, expanded, and improved our operating facilities and capabilities. Supporting our growth in aerospace, we upgraded and expanded our tubular products facilities, allowing us to ship a record volume of tubular products in 2017. In our flat roll operations, we have completed our capital investments in heat-treating, rolling and shape correction operations, particularly a significant expansion in our cold-rolling and finishing capabilities, which is expected to help us meet increasing demand in the aerospace market. We also completed the implementation of our new global IT system, migrating a myriad of discrete systems into a single, global operating platform enhancing our ability to monitor and optimize worldwide manufacturing and distribution operations. Supporting our service and value-added operations, we expanded our operations in LaPorte, Indiana and Openshaw, England in order to more efficiently meet the needs of our key markets.
    [Show full text]
  • Products and Capabilities
    Products and Capabilities High-temperature Alloys Corrosion-resistant Alloys H-1069AA Haynes International, Inc., ©2020 Descriptions of High-temperature Alloys HAYNES® 25 alloy 51Co-20Cr-15W-10Ni-1.5Mn-0.10C-3Fe*-0.4Si* Excellent strength, good oxidation resistance to 1800°F (980°C), very good sulfidation R30605 resistance and relatively good resistance to wear and galling. Used in gas turbine parts, bearings and various industrial applications. HAYNES® 75 alloy 76Ni-20Cr-5Fe-0.4Ti-0.11C-1Mn*-1Si*-0.5Cu* Basic heat-resistant alloy used in low-stress gas turbine and industrial applications. N06075 39Co-22Ni-22Cr-14W-0.35Si-0.10C-0.03La-3Fe*-1.25Mn* Excellent strength with superior oxidation resistance and thermal stability HAYNES® 188 alloy compared to HAYNES® 25 alloy . Good sulfidation resistance. Used extensively in demanding military and civil aircraft gas turbine engine R30188 combustors and other key components. 75Ni-16Cr-4.5Al-3Fe-0.05C-0.01Y-0.5Mn*-0.2Si*-0.1Zr-*0.01B* Outstanding oxidation resistance to 2300°F (1260°C), excellent resistance HAYNES® 214® alloy to carburization, and excellent resistance to chlorine-bearing environments. Used in demanding industrial heating applications and N07214 specialized gas turbine parts, such as honeycomb seals. 57Ni-22Cr-14W-2Mo-0.5Mn-0.4Si-0.3Al-0.10C-0.02La-5Co*-3Fe*-0.015B* Best balance of strength, thermal stability, oxidation resistance, HAYNES® 230® alloy thermal cycling resistance and fabricability of any major high-temperature alloy. Used in gas turbine combustors and other key stationary N06230 components. Also used for heat treating and industrial heating applications, chemical/petrochemical processing industry and fossil energy plants.
    [Show full text]
  • HASTELLOY® C-22® Alloy
    CORROSION-RESISTANT ALLOYS HASTELLOY® C-22® alloy A most versatile nickel- chromium-molybdenum-tungsten alloy available today with improved resistance to both uniform and localized corrosion as well as to a variety of mixed industrial chemicals. The C-22 alloy exhibits superior weldability and is used as overalloy filler wire and weld overlay consumables to improve resistance to corrosion. Contents Principal Features 3 Laboratory Corrosion Tests 4 Field Evaluation 5 Typical Applications 6 Aqueous Corrosion Data 8 Resistance to Localized Attack 10 Thermal Stability 11 Isocorrosion Curves 12 Physical Properties 13 Hardness and Impact Strength 14 Tensile Data 15 Fabrication 16 Welding 18 Machining 21 Availability 22 Sales Office Addresses 24 H-2019F © 2002 by Haynes International, Inc. About Haynes International, Inc. Haynes International, Inc., was founded in 1912 by Elwood Haynes, an inventor of some of the first cobalt-based alloys. The company has relied on a strong technology base ever since. HASTELLOY® alloys are known throughout the chemical process industry as the premier corrosion resistant materials. HAYNES® high-temperature alloys are equally well known in the aerospace field for their unique heat-resistance qualities. Both of these groups of alloys were developed and perfected in Kokomo, Indiana. Haynes International is stocked to respond immediately to virtually any high performance alloy requirement. The com- pany’s technical backup and applications knowledge are unsurpassed. HASTELLOY® C-22® alloy Excels in Pitting Resistance HASTELLOY® HASTELLOY HASTELLOY HAYNES® C-4 alloy C-22 alloy C-276 alloy 625 alloy Samples were subjected to a solution of 11.5% H2S04, 1.2% HCI, 1% FeCl3 AND 1% CuCl2.
    [Show full text]
  • HASTELLOY® N Alloy
    HASTELLOY® N alloy Principle Features HASTELLOY® N alloy (UNS N10003) is a nickel-base alloy that was invented at Oak Ridge National Laboratories as a container material for molten fluoride salts. It has good oxida- tion resistance to hot fluoride salts in the temperature range of 1300 to 1600°F (704 to 871°C). In tests of over two years duration, corrosion attack on HASTELLOY® N alloy in molten fluoride salts at temperatures up to 1300°F (704°C), was less than one mil per year. It is expected that alloy N will be most useful in environments involving fluorides at high tem- peratures; however, the alloy compares favorably with other HASTELLOY® alloys in vari- ous corrosive media, as shown in the table of penetration rates. Corrosion test samples of the alloy are available from Haynes International locations. It is especially suggested that the alloy be tested in molten halides of zirconium, beryllium, lithium, sodium, potassium, thorium or uranium. HASTELLOY® N alloy has good oxidation resistance in air. It shows promise for continuous operations at temperatures up to 1800°F (982°C). Intermittent use at temperatures up to 1900°F (1038°C) may also be possible. No discernible oxidation could be measured for the alloy at temperatures up to 1200°F (649°C). Metallographic examinations have shown that the elements in alloy N remain in solid solu- tion in the 1100 to 1600°F (593 to 871°C) range. Tensile tests have indicated no tendency toward embrittlement for prolonged periods at 1500°F (816°C). Alloy N has good weldabil- ity and can be readily forged.
    [Show full text]