Fascett to Head Carpenter Specialty WireProducts.

READING, Pa.--(BUSINESS WIRE)--June 16, 1998--Carpenter Technology Corp. (NYSE:CRS) has named manufacturing executive Ernest Fascett general manager of Carpenter Specialty Wire Products, a processor of small diameter and fine wire products.

His appointment is effective July 1. Fascett succeeds

Fascett, of Columbia, S.C., returned to Carpenter in 1996 as manager of manufacturing and technical services at Carpenter Specialty Wire Products, Orangeburg, S.C. Between 1987 and 1996, he was manager of process engineering at Teledyne Allvac and vice president of manufacturing for The Rochester Corp.

Before that, he worked for 11 years in a variety of manufacturing positions at Carpenter in the company's Reading facility.

A native of Virginia Beach, Va., Fascett earned a bachelor of science degree in metallurgy from Cornell University and a master of science degree in the same discipline from the Massachusetts Institute of Technology. He is a member of the American Society for Materials and Wire Association International.

Carpenter, headquartered in Reading, manufactures and distributes stainless steel, titanium and other specialty alloys, and various engineered products. Due to acquisitions and internal growth, the company has grown from $570 million in sales in fiscal year 1992 to $939 million in fiscal 1997 (ended June 30, 1997).

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              Stephanie Zercher, 610/208-2132