Profile: Allegheny Technologies Inc (ATI)
21 Jul 2017
Allegheny Technologies Incorporated (ATI), incorporated on August 26, 1999, is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The Company is engaged in manufacturing differentiated specialty alloys and forgings. ATI produces nickel-based alloys and superalloys, titanium and titanium-based alloys, specialty alloys, stainless steels, and zirconium and other related alloys in various mill product forms. Its capabilities range from alloy development, to melting and hot-working, through engineered finished components. It is also engaged in producing nickel-based alloy and titanium-based alloy powders for use in jet engine forgings and three-dimensional (3D)-printed products.
The Company is engaged in the production of titanium-based 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-based alloys, vacuum-melted specialty alloys, and stainless alloys for use in commercial and military airframes, airframe components and missiles. Titanium and titanium-based alloys are used to produce jet engine components, such as blades, vanes, discs, and casings, and airframe components, such as structural members, landing gear, hydraulic systems, and fasteners. Its nickel-based alloys and superalloys, and specialty alloys are also used in aerospace and defense applications. Typical aerospace applications for nickel-based alloys and superalloys and powder alloys include jet engine shafts, discs, blades, vanes, rings and casings. Its specialty alloys include vacuum-melted maraging steels used in the manufacture of aircraft landing gear and structural components, as well as jet engine components.
The Company's titanium-based alloy, nickel-based alloy, and specialty alloy precision forgings are used for components for jet engines, structural components for aircraft, helicopters, launch vehicles and other applications. The Company is also engaged in offering isothermal and hot-die forging technologies for aerospace components. ATI provides a range of post-forging inspection, machining and finishing services. 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 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 deepwater oil and gas applications. Its specialty materials are used in the 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. Its CRAs are also used in water systems, fuel cladding components and process equipment for nuclear power plants. For nuclear power plants, it produces reactor-grade zirconium and hafnium alloys used in nuclear fuel cladding and structural components. It offers large diameter nickel-based superalloys used in natural gas land-based turbines for power generation. For alternative energy generation, its alloys are used for solar, fuel cell and geothermal applications. ATI's specialty materials are used in medical device products.
The Company'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. Its ultra fine diameter (0.002 inch/0.051 millimeter (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. For automobiles, nickel-based alloys, stainless steel and other ATI specialty materials are used for making powertrain and structural parts, exhaust system and emission control parts, gaskets, air bag inflator housings, windshield wipers and blades, fuel systems, fasteners, hose clamps, gaskets and other components. ATI's nickel-based alloys and specialty alloys in flat-rolled products are used in engine and exhaust applications in the automotive market. It also provides a range of heat-resistant and corrosion-resistant automotive exhaust alloys.
High Performance Materials & Components
The HPMC 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, 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, castings, components and machined parts. These products are designed for the requirements of end markets, such as aerospace and defense, oil and gas, electrical energy and medical. The Company is integrated across these alloy systems in melt, remelt, mill product forging, finishing, investment casting and machining processes.
The Company competes with Berkshire Hathaway Inc., Arconic Inc., Carpenter Technology Corporation, VSMPO-AVISMA and Aubert & Duval.
Flat Rolled Products
The FRP 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. The end markets for its flat-rolled products are oil and gas, automotive, food processing equipment and appliances, construction and mining, electronics, communication equipment and computers, and aerospace and defense. Stainless steel, nickel-based alloys and titanium sheet products are used in a range of industrial and consumer applications. Engineered strip and very thin Precision Rolled Strip products, which are under 0.015 inches thick, are used by customers to fabricate a range of products primarily in the automotive, construction and electronics markets. Stainless steel, nickel-based alloy and titanium plate products are primarily used in aerospace, corrosion and industrial markets.
The Company competes with AK Steel Corporation, North American Stainless, Outokumpu Stainless USA, LLC, Aperam, Haynes International and VDM Metals GmbH.
Allegheny Technologies Inc
1000 Six PPG Place
PITTSBURGH PA 15222
Company Web Links
- BRIEF-Allegheny Technologies expects Q2 sales between $865 mln-to $890 mln
- BRIEF-Allegheny Technologies, units enter into second amendment
- BRIEF-Iridian Asset Management reports 10.1 pct passive stake in Allegheny Technologies
- BRIEF-ATI posts Q1 earnings per share $0.16
- BRIEF-Allegheny technologies announces fourth quarter results