Last $27.90 USD
Change Today -0.36 / -1.27%
Volume 1.3M
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As of 8:04 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1000 Six PPG Place

Pittsburgh, PA 15222

United States

Phone: 412-394-2800

Fax:

Allegheny Technologies Incorporated operates as a specialty materials and components producer worldwide. Segments The company operates through two segments, High Performance Metals and Flat-Rolled Products. High Performance Metals This segment produces, converts, and distributes a range of materials, including titanium and titanium-based alloys; nickel- and cobalt-based alloys; and superalloys, zirconium, and related alloys, including hafnium and niobium, advanced powder alloys, and other specialty metals, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and tubes, plus precision forgings and castings, and machined parts. These products are designed for the requirements of such major end markets as aerospace and defense, oil and gas/chemical process industry, electrical energy, and medical. The company is integrated from raw materials (sponge) to melt, remelt, finish processing, forging, investment casting, and machining in its titanium and titanium alloys, and zirconium and hafnium alloy products. The major end markets served by this segment are aerospace and defense, oil and gas, chemical process industry, electrical energy, and medical. Majority of the products in this segment are sold directly to end-use customers, and a portion of this segment's products are sold under multi-year agreements. The business units in this segment include ATI Allvac, ATI Wah Chang, and ATI Ladish LLC. This segment’s customers include The Boeing Company, Airbus S.A.S. (an Airbus Group company), Bombardier Aerospace (a division of Bombardier Inc.), and Embraer (Empresa Brasileira de Aeronáutica S.A.) for airframes; and GE Aviation (a division of General Electric Company), Rolls-Royce plc, Pratt & Whitney (a division of United Technologies Corporation), Snecma (SAFRAN Group), and various joint ventures that manufacture jet engines. The company supplies the aerospace and defense supply chain with nickel- and cobalt-based alloys and superalloys, titanium alloys, vacuum-melted specialty alloys, and advanced powder alloys for commercial and military jet engines, for both original engines and spare parts. For commercial and military airframe and structural parts, the company manufactures titanium alloys, vacuum-melted specialty alloys, and high-strength stainless alloys. Flat-Rolled Products This segment produces, converts, and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys, in various product forms, including plate, sheet, engineered strip, and Precision Rolled Strip products, as well as grain-oriented electrical steel. The major end markets for the company’s flat-rolled products are oil and gas/chemical process industry, electrical energy, automotive, food processing equipment and appliances, construction and mining, electronics, communication equipment and computers, and aerospace and defense. The operations in this segment are ATI Allegheny Ludlum, and the Chinese joint venture company known as Shanghai STAL Precision Stainless Steel Company Limited, in which the company holds a 60% interest. Segment results also include its 50% interest in the industrial titanium joint venture known as Uniti LLC. Stainless steel, nickel-based alloys and titanium sheet products are used in various industrial and consumer applications. In 2013, approximately 50% by volume of the company’s stainless sheet products were sold to independent service centers, which have slitting, cutting, or other processing facilities, with the remainder sold directly to end-use customers. Engineered strip and thin Precision Rolled Strip products are used by customers to fabricate various products primarily in the automotive, construction, and electronics markets. In 2013, approximately 90% by volume of the company’s engineered strip and Precision Rolled Strip products were sold directly to end-use customers or through its own distribution network, with the remainder sold to independent service centers. Stainless steel, nickel-based alloy and titanium plate products are primarily used in industrial markets. In 2013, approximately 55% by volume of the

 

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