WHAT'S NEW

Special Metals Welding Products Company announces
price increase.

FOR IMMEDIATE RELEASE

Contact: Robert Jenkerson Commercial Director (828) 465-0532

February 28, 2011—Newton, NC—Special Metals Welding Products Company has announced a price increase for all nickel alloy welding products. On average, the price increase is 10-15% effective with all new orders. The price increase is due to increased metal prices and energy costs.

Special Metals Welding Products Company has the most complete range of high nickel alloy welding consumables available on the market including those for the joining dissimilar metals and the welding and repair of cast iron. Special Metals is acknowledged as the world's leading developer and manufacturer of wrought nickel alloys and nickel welding consumables. The leading position of this worldwide business is demonstrated in the ownership of almost all of the industry-recognized trademarks such as: INCONEL®, INCOLOY®, NIMONIC®, NILO®, MONEL® and INCO-WELD®. Special Metals is a supplier to many critical industries where our experience of both process and product application and ability to truly support the customer is widely acknowledged.

Special Metals Welding Products Company is a PCC Company. Precision Castparts Corp. is a worldwide, diversified manufacturer of complex metal components and products. It serves the aerospace, power generation, and general industrial markets. PCC is the market leader in manufacturing large, complex structural investment castings, airfoil castings, and forged components used in jet aircraft engines and industrial gas turbines. The Company is also a leading producer of highly engineered, critical fasteners for aerospace, and other general industrial markets and supplies metal alloys and other materials to the casting and forging industries.