Allegheny Technologies

Allegheny Technologies, Inc.

Type	Public (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 AlleghenyTechnologies.com
Revenue	US$ 3.0 billion (2009)
Operating income	US$ 282.2 million (2009)
Net income	US$ 31.7 million (2009)
Total assets	US$ 4.3 billion (2009)
Total equity	US$ 2.1 billion (2009)
Employees	8,500 (2009)

Allegheny Technologies, Inc. NYSE: ATI is a specialty metals company headquartered in Pittsburgh, Pennsylvania in the United States. Allegheny Technologies is one of the largest and most diversified specialty metals producers in the world with revenue of $3.0 billion in 2009. 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.

History

Allegheny Ludlum Corporation has a long history in Pittsburgh dating back to the Revolutionary War when an ancestor called Pompton Furnace supplied cannon balls to the Continental Army and hand-forged chain links to block the Hudson River. The company was created with a merger in 1939, of Allegheny Steel of Pittsburgh and Ludlum Steel of Watervliet, New York. In 1927, their steel was chosen for New York’s Chrysler Building and the next year it was specified for the Empire State Building. In 1929, Ford began using Allegheny Metal for the bright trim parts of the Model A. Allegheny also cooperated with Ford in the 1930s, 1960s, and 1970s 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, 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, Inc. on August 15, 1996. The company has since spun off several subsidiaries as independent public companies such as Teledyne Technologies, Inc. and WaterPik Technologies in 1999, 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, J&L Specialty Steel in 2004, and most recently agreed to acquire Wisconsin based Ladish Co. to expand its offerings in the aerospace sector. The deal is valued at $778 million in a cash-and-stock transaction.^[1] 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.

Products

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

• HighPerformance Materials, which includes titanium-based alloys, nickel-based alloys and superalloys, zirconium and hafnium.
• Flat-Rolled Products, which includes titanium and titanium alloys, nickel-based alloys, specialty alloys, duplex alloys in sheet, strip, and plate form,grain-oriented electrical steel .
• Engineered Products, which includes various tungsten products, forgings, castings and precision processing.

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. The ATI 425 Titanium Alloy is developed and provided by ATI for markets that include aerospace, defense, industrial, medical and recreation.^[2]

Facilities

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) and Vandergrift.

Elsewhere

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

Environmental record

Parts of this article (those related to the "Environmental record" section) are outdated. Please update this article to reflect recent events or newly available information. Please see the talk page for more information. (May 2010)

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.^[3] The corporation has also been identified as a potentially responsible party in at least ten Superfund toxic waste sites.^[4] 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.^[5]

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.^[6]

References

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External links

• Allegheny Technologies website