Allegheny Technologies

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Allegheny Technologies, Inc.

Type	Public (NYSE: ATI)
Founded	Merger in 1996
Headquarters	Pittsburgh, PA, USA
Area served	Worldwide
Key people	L. Patrick Hassey (Chairman), (President) & (CEO)
Products	Stainless steel Nickel alloys Exotic metal alloys Titanium alloys Tungsten Powder
Revenue	▲ US$ 5.309 billion (2008)
Operating income	▲ US$ 937.3 million (2008)
Net income	▲ US$ 565.9 million (2008)
Total assets	▲ US$ 4.17 billion (2008)
Total equity	▲ US$ 1.961 billion (2008)
Employees	9,700 (2008)
Website	AlleghenyTechnologies.com

Allegheny Technologies, Inc. NYSE: ATI is a specialty metals company headquartered in Pittsburgh, Pennsylvania, United States. It is the 17th largest employer in Allegheny County and one of the last "steel" companies with its headquarters in "The Steel City" and major manufacturing facilities remaining in the area (though most of its current business involves products other than steel). ATI is ranked #441 on the 2008 Fortune 500 list; a climb from #455 in 2007.

History

The company which has developed to become Allegheny Technologies, Inc. was formed by the merger 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.

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.

In 2006, ATI acquired Garryson Limited from Elliott Industries Limited for approximately $17 million.

Products

An Allegheny Ludlum steel furnace in 1941

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

• Flat-Rolled Products, which includes stainless steel in sheet, strip, and plate form, nickel-based alloys, silicon electrical steel, and tool steel.
• High-Performance Materials, which includes titanium-based alloys, zirconium-based alloys and chemicals and other exotic alloys and other materials using hafnium, niobium, and tantalum.
• Engineered Products, which includes various tungsten-based materials, grey iron and ductile iron castings.

Facilities

Allegheny Technologies, Inc. has its offices in Downtown Pittsburgh at Six PPG Place, and plants throughout Western Pennsylvania. In addition, it has plants elsewhere: Illinois, Indiana, Ohio, Kentucky, California, Utah, South Carolina, Oregon, Alabama, Tennessee, Connecticut, Massachusetts, North Carolina, 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.^[1] The corporation has also been identified as a potentially responsible party in at least ten Superfund toxic waste sites.^[2] 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.^[3]

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 Allegheny had unlawfully discharged oil and other pollutants such as chromium, zinc, copper, and nickel into the Allegheny River and the Kiskiminetas River in the Pittsburgh suburbs.^[4]

References

1. ^ Political Economy Research Institute Toxic 100
2. ^ Center For Public Integrity
3. ^ Yerace, Tom (2008-12-10). "Pollution around Highlands schools among worst in nation". Valley News Dispatch (Tribune-Review Publishing Company). http://www.pittsburghlive.com/x/pittsburghtrib/news/mostread/s_602375.html. Retrieved 2009-05-02. 
4. ^ Environmental Protection Agency press release

External links

• Allegheny Technologies
• Allegheny Technologies History
• Allegheny Technologies Products
• Allegheny Technologies Operations