Allegheny Technologies

Allegheny Technologies, Inc.
Public
Traded as NYSE: ATI
S&P 500 Component
Founded Merger in 1996
Headquarters Pittsburgh, Pennsylvania, U.S.
Area served
 Worldwide
Key people
 Richard J. Harshman
(Chairman), (President) & (CEO)
Products Titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings
Revenue Decrease US$ 3.7 billion (2015)
Number of employees
 9,200 (2015)
Website www.atimetals.com

Allegheny Technologies Incorporated (ATI) is an American specialty metals company headquartered in Pittsburgh, Pennsylvania, in the United States. ATI is one of the largest and most diversified specialty materials and components producers in the world with revenue of $3.7 billion in 2015. ATI's key markets are aerospace and defense, oil & gas, chemical process industry, electrical energy, and medical. Products are titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings.[1]

History

In 1939, the merger of Allegheny Steel of Pittsburgh and Ludlum Steel of Watervliet, New York created Allegheny Ludlum Corporation; the merged company represented the manufacturers of steel for New York's Chrysler and Empire State Buildings and for the Model A Ford. Through the 1970s, Allegheny Ludlum periodically cooperated with Ford to build several one-off promotional cars with stainless steel bodies. Three such cars are on display in the Crawford Auto-Aviation Museum.

In 1987, Allegheny Ludlum had its first public offering, but the present version of the company, Allegheny Technologies, was formed by the combination of Allegheny Ludlum Corporation and Teledyne on August 15, 1996. The company has since spun off several subsidiaries as independent public companies such as Teledyne Technologies and WaterPik Technologies in 1999,[2] to concentrate on its core business of metal and alloy production. It also sold its World Minerals subsidiary to French company Imerys in 2005. ATI has had a consistent history of strategic acquisitions, notably Wallingford Steel in 1935, West Leechburg Steel in 1936, Jessop Steel in 1994, the assets of Lukens Washington Steel in 1998,[3] J&L Specialty Steel in 2004,[4] and most recently Wisconsin-based Ladish Co.[5] to expand its offerings in the aerospace sector. The company has self-funded approximately $1.8 billion in capital investments between 2004 and 2009 and now believes it has world's newest and most advanced processing paths for its specialty metals, particularly for titanium and titanium alloys, nickel-based alloys and superalloys, zirconium and hafnium, and other specialty alloys.[6]

Products

Allegheny Technologies, Inc., produces many specialty metals products for both domestic and international markets. The company organizes its products into three segments:

ATI 425 Titanium Alloy

Allegheny Technologies debuted its ATI 425 Titanium Alloy on June 14, 2010, at the land and air-land defense and security exhibition Eurosatory in Paris, France.[7] The ATI 425 Titanium Alloy is developed and provided by ATI for markets that include aerospace, defense, industrial, medical and recreation.

Facilities

Midland Works

Pennsylvania

Allegheny Technologies is headquartered in Downtown Pittsburgh at Six PPG Place. Steel mill plants throughout Western Pennsylvania include facilities in Harrison Township (Allegheny Ludlum's Brackenridge Works), Vandergrift, and Washington.

Elsewhere

The company also has plants in: Illinois; Indiana; Ohio; Kentucky; California; Utah; South Carolina; Oregon; Alabama; Texas; Connecticut; Massachusetts; North Carolina; Wisconsin; Shanghai, China; and several facilities in Europe.

Environmental record

Researchers at the University of Massachusetts Amherst recently listed Allegheny Technologies as the 26th-largest corporate producer of air pollution in the United States, with approximately 590,000 lb (270,000 kg) of toxic chemicals released annually into the air.[8] The corporation has also been identified as a potentially responsible party in at least ten Superfund toxic waste sites.[9] For example, Allegheny Ludlum's Natrona and Brackenridge, Pennsylvania, plants contributed to the waste at the ALSCO Park Lindane Dump—an EPA Superfund site. These plants also released chromium into the air, which adversely affected air quality at schools in the Highlands School District.[10]

In 2005, Allegheny Ludlum agreed to pay a US$2,375,000 penalty to settle a lawsuit brought by the U.S. Department of Justice on behalf of the Environmental Protection Agency, which alleged that Ludlum had unlawfully discharged oil and other pollutants, such as chromium, zinc, copper, and nickel, into the Allegheny and Kiskiminetas rivers in the suburbs of Pittsburgh.[11]

References

  1. ↑ "Allegheny Technologies, Form 10-Q, Quarterly Report, Filing Date Nov 2, 2012" (PDF). secdatabase.com. Retrieved Jan 3, 2013.
  2. ↑ "Allegheny Technologies, Form 8-K, Current Report, Filing Date Aug 21, 1996". secdatabase.com. Retrieved Jan 3, 2013.
  3. ↑ "Allegheny Technologies, Form 8-K, Current Report, Filing Date Dec 23, 1997". secdatabase.com. Retrieved Jan 3, 2013.
  4. ↑ "Allegheny Technologies, Form 8-K, Current Report, Filing Date Feb 17, 2004". secdatabase.com. Retrieved Jan 3, 2013.
  5. ↑ "Allegheny Technologies, Form 8-K, Current Report, Filing Date Nov 17, 2010". secdatabase.com. Retrieved Jan 3, 2013.
  6. ↑ "Allegheny Technologies, Form 10-K, Annual Report, Filing Date Feb 25, 2010". secdatabase.com. Retrieved Jan 3, 2013.
  7. ↑ "Allegheny Technologies, Form 8-K, Current Report, Filing Date Jul 28, 2010" (PDF). secdatabase.com. Retrieved Jan 3, 2013.
  8. ↑ Political Economy Research Institute Toxic 100
  9. ↑ Center For Public Integrity
  10. ↑ Yerace, Tom (2008-12-10). "Pollution around Highlands schools among worst in nation". Valley News Dispatch (Tribune-Review Publishing Company). Retrieved 2009-05-02.
  11. ↑ Environmental Protection Agency press release

External links

This article is issued from Wikipedia - version of the Monday, February 01, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.