Allegheny Technologies Incorporated : ATI's New Titanium Sponge Facility Achieves Qualification
03/14/2012| 08:20am US/Eastern
Allegheny Technologies Incorporated (NYSE:ATI) announced today that its
Rowley, UT titanium sponge facility has completed the standard-grade
qualification (SQ) process. Titanium sponge produced at the Rowley
facility can now be applied to many products used for aerospace
airframe, medical, and industrial applications.
"This is an important accomplishment as we continue the process of
achieving our strategic goal of a cost-effective premium-titanium sponge
facility," said Rich Harshman, Chairman, President and Chief Executive
Officer. "This approval follows an extensive series of audits,
inspections, and qualifications to characterize the attributes of the
sponge produced at the Rowley facility.
"The qualification comes at an historic time in the aerospace industry
as OEMs increase production to unprecedented rates for both airframes
and jet engines. We are also seeing increased demand from the jet engine
aftermarket. In addition, demand remains strong for our titanium
products from the medical and industrial markets."
Titanium sponge is a critical raw material used to produce titanium mill
products. The ATI Rowley facility uses the Kroll reduction - vacuum
distillation process, which reduces titanium tetrachloride with
magnesium to produce the sponge.
Building the World's Best Specialty Metals Company®
Allegheny Technologies Incorporated is one of the largest and most
diversified specialty metals producers in the world with revenues of
approximately $5.2 billion during 2011. ATI has approximately 11,400
full-time employees world-wide who use innovative technologies to offer
global markets a wide range of specialty metals solutions. Our major
markets are aerospace and defense, oil and gas/chemical process
industry, electrical energy, medical, automotive, food equipment and
appliance, machine and cutting tools, and construction and mining. Our
products include titanium and titanium alloys, nickel-based alloys and
superalloys, grain-oriented electrical steel, stainless and specialty
steels, zirconium, hafnium, niobium, tungsten materials, forgings,
castings, and fabrication and machining capabilities. The ATI website is www.ATImetals.com.
Allegheny Technologies Incorporated
Dan L. Greenfield, 412-394-3004
© Business Wire 2012