Profile: Allegheny Technologies Inc (ATI)
25 Jul 2016
Allegheny Technologies Incorporated (ATI), incorporated on August 26, 1999, is a specialty materials and components producer. The Company operates through two business segments: High Performance Materials & Components and Flat Rolled Products. ATI's products include titanium and titanium alloys, nickel-based alloys and specialty steels, precision forgings, castings and machined components, zirconium and related alloys, precision and engineered stainless steel strip, and grain-oriented electrical steel. The Company's standard products include specialty stainless sheet, stainless steel sheet and stainless steel plate. It is engaged in the production of titanium alloys, nickel-based and cobalt-based alloys and superalloys, and vacuum-melted specialty alloys used in the manufacture of components for both commercial and military jet engines, as well as replacement parts for those engines. It also produces titanium alloys, vacuum-melted specialty alloys and stainless alloys for use in commercial and military airframes, airframe components and missiles. Titanium and titanium alloys are used to produce jet engine components, such as blades, vanes, discs, casings and airframe components, such as structural members, landing gear, hydraulic systems and fasteners.
The Company's nickel-based alloys, superalloys, and specialty alloys are also used in aerospace and defense applications. Typical aerospace applications for nickel-based alloys and superalloys and advanced powder alloys include jet engine shafts, discs, blades, vanes, rings and casings. The Company's titanium alloy, nickel-based alloy and specialty alloy precision forgings are used for hot-section components for jet engines, structural components for aircraft, helicopters, launch vehicles and other demanding applications. The Company also offers isothermal and hot-die forging technologies for advanced aerospace components. ATI provides a range of post-forging inspection, machining and finishing services. ATI's manufacturing capabilities offer Original Equipment Manufacturers (OEMs) to design components with intricate geometries, cored passageways, cast-in features and sculpted surfaces. Its Datalloy2 and DatalloyHP specialty stainless is used for non-magnetic drill collars that enable the directional and horizontal drilling techniques to be guided to the exact position desired for the reservoir. It has developed a family of duplex alloys, including ATI 2003 and ATI 2102 lean duplex alloys, for use in subsea and deep-water oil and gas applications. Its specialty materials are used in the global electrical power generation and distribution industry.
For electrical power generation, the Company's specialty materials, including corrosion-resistant alloys (CRAs) are used in coal, nuclear and natural gas applications. In coal-fired plants, its CRAs are used for pipe, tube and heat exchanger applications in water systems in addition to pollution control scrubbers. The Company's CRAs are also used in water systems, fuel cladding components and process equipment for nuclear power plants. It has developed Nushield products, a line of borated stainless alloys that begin with its powder metals and are used for spent nuclear fuel applications. It offers large diameter nickel-based superalloys used in natural gas land-based turbines for power generation. For renewable energy generation, its alloys are used for solar, fuel cell and geothermal applications. ATI's zirconium-niobium, titanium- and cobalt-based alloys are used for knees, hips and other prosthetic devices. Its biocompatible nickel-titanium shape memory alloy is used for stents to support collapsed or clogged blood vessels. Reduced in diameter for insertion, these stents expand to the original tube-like shape due to the metal's superelasticity. Its ultra-fine diameter (0.002 inch/0.051 mm) titanium wire is used for screens to prevent blood clots from entering critical areas of the body. In addition, its titanium bar and wire are used to make surgical screws for bone repairs. ATI's nickel-based alloys and specialty alloys in flat-rolled products are used primarily in engine and exhaust applications in the automotive market. The Company also provides a range of heat-resistant and corrosion-resistant automotive exhaust alloys.
High Performance Materials & Components segment
ATI's High Performance Materials & Components segment produces, converts and distributes high performance 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 materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings and castings, components and machined parts. The business units in this segment include ATI Flat Rolled Products and Shanghai STAL Precision Stainless Steel Company Limited (STAL).
Flat Rolled Products segment
ATI's Flat Rolled Products segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys, in a range of product forms, including plate, sheet, engineered strip and Precision Rolled Strip products, as well as grain-oriented electrical steel. Its flat-rolled products cater to various industries, such as oil and gas/chemical and hydrocarbon processing 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 Flat Rolled Products and the Chinese joint venture company known as STAL, in which the Company owns interest. Segment results also include the Company's interest in the industrial titanium joint venture known as Uniti LLC. Its stainless steel, nickel-based alloys and titanium sheet products are used in a range of industrial and consumer applications. Its engineered strip and very thin Precision Rolled Strip products, which are approximately 0.015 inches thick, are used by customers to fabricate a range of products primarily in the automotive, construction and electronics markets.
The Company competes with Berkshire Hathaway Inc., Alcoa Inc., Carpenter Technology Corporation, VSMPO-AVISMA, Aubert & Duval, AK Steel Corporation, North American Stainless, Outokumpu Stainless USA, LLC, Ta Chen International Corporation, Aperam, Haynes International, VDM Metals GmbH and AK Steel Corporation.
Allegheny Technologies Inc
1000 Six PPG Place
PITTSBURGH PA 15222-5479
Company Web Links
- Indonesia's MNC Land to invest $500 million in theme park - CEO
- BRIEF-Allegheny Technologies agreed to sell $250.0 million aggregate principal of 4.75% convertible senior notes due 2022
- BRIEF-Allegheny Technologies, units enter amendment to revolving credit and security agreement
- BRIEF-Allegheny Technologies sets quarterly dividend of $0.08/shr
- BRIEF-Teledyne Agrees to divest Teledyne PCT to Firan Technology Group