Allegheny Technologies

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Allegheny Technologies, Inc.
Type Public (NYSEATI)
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 Increase US$ 5.183 billion (2011)[1]
Operating income Increase US$ 431.1 million (2011[1])
Net income Increase US$ 214.3 million (2011)[1]
Total assets Increase US$ 6.047 billion (2011)[1]
Total equity Increase US$ 2,572 billion (2011)[1]
Employees 11,400 (2011)[1]

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 metals producers in the world with revenue of $5.2 billion in 2011. 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.[2]

History[edit]

Allegheny Technologies has a long history in Pittsburgh dating back to the Revolutionary War when an ancestor called Pompton Furnace supplied cannonballs to the Continental Army and hand-forged chain links to block the Hudson River. Its progenitor, Allegheny Ludlum Corporation, 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 Ludlum 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, 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, Inc. on August 15, 1996. The company has since spun off several subsidiaries as independent public companies such as Teledyne Technologies, Inc.[3] and WaterPik Technologies in 1999,[4] 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,[5] J&L Specialty Steel in 2004,[6] and most recently Wisconsin-based Ladish Co.[7] 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.[8]

Products[edit]

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[edit]

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

Facilities[edit]

Pennsylvania[edit]

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[edit]

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

Environmental record[edit]

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.[10] The corporation has also been identified as a potentially responsible party in at least ten Superfund toxic waste sites.[11] 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.[12]

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.[13]

References[edit]

External links[edit]