SIFCO Industries, Inc. (SIFCO), is a global metal component manufacturer based in Cleveland, Ohio.
| Company type | Public company |
|---|---|
| AMEX: SIF Russell Microcap Index component | |
| Industry | Metal |
| Founded | 1916 as Steel Improvement and Forge Co.[1] 1969 as SIFCO Industries Inc. |
| Headquarters | Cleveland, Ohio, United States |
Key people | Peter W. Knapper (President, & CEO) Salvatore Incanno (CFO)[1] |
| Products | forging |
| Revenue |  US$100 million (2021)[2] |
| -US$1.1 million (2021)[2] | |
| -US$0.7 million (2021)[2] | |
| Total assets | US$111 million (2021)[2] |
| Total equity | US$50 million (2021)[2] |
Number of employees | 378 (2021)[2] |
| Website | http://www.sifco.com/ |
Current operations
editSIFCO is engaged in the production of forgings and machined components primarily for the aerospace and energy markets. SIFCO's products are made primarily of steel, stainless steel, titanium, and aluminum and include: OEM and aftermarket components for aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters, and commercial/industrial products.[1]
SIFCO's manufacturing facilities are located in Cleveland, Ohio; Alliance, Ohio; Orange, California and Maniago, Italy.[1]
In 2016, Rolls-Royce accounted for 11% of SIFCO's sales and United Technologies Corporation accounted for 10% of SIFCO's sales.[1]
History
editSIFCO traces its roots to 1913.[3]
In 2010, SIFCO acquired the forging business of T&W Forge, Inc. based in Alliance, Ohio.[4]
In 2011, SIFCO acquired Quality Aluminum Forge based in Orange, California.[5]
In 2016, Peter Knapper was named as president and CEO.[6]
References
edit- ^ a b c d e SIFCO Industries, Inc. 2016 Form 10-K Annual Report
- ^ a b c d e f SIFCO SIFCO Industries 10-K2021 FY Annual report
- ^ SIFCO in 100 Years
- ^ "SIFCO Industries, Inc. Announces the Acquisition of the Forging Business and Related Assets of T&W Forge, Inc" (Press release). Business Wire. December 14, 2010.
- ^ "SIFCO Industries, Inc. Announces the Acquisition of the Forging Business and Related Assets from GEL Industries, Inc. (DBA Quality Aluminum Forge)" (Press release). Business Wire. November 1, 2011.
- ^ "SIFCO Industries, Inc. Names Peter W. Knapper President and Chief Executive Officer; Announces Board Changes" (Press release). Business Wire. June 17, 2016.
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