Titanium Metals Corporation
|Subsidiary of Precision Castparts Corp.|
|Industry||Titanium alloy production|
(Vice Chairman and CEO)
|Products||Titanium sponge; titanium alloy ingot, sheet, strip, billet, plate, tube|
|Revenue||$1.26 billion USD (2007)|
Number of employees
Titanium Metals Corporation (formerly NYSE: TIE), founded in 1950, is an American manufacturer of titanium-based metals products, focusing primarily on the aerospace industry. In November 2012, it was announced the company was being purchased for $2.9 billion by Precision Castparts.
Its major U.S. operations are based in Morgantown, Pennsylvania; Henderson, Nevada; Vallejo, California; and Toronto, Ohio. Its overseas operations are primarily based in the United Kingdom (in the cities of Waunarlwydd and Swansea and the village of Witton) and France. The company's current headquarters are located in Dallas, Texas.
The company is most commonly referred to as TIMET, a shortened version of "TItanium METals" that is a registered company trademark.
In September, 2007, TIMET entered into a ten-year supply agreement with United Technologies Corp (UTC). Under the agreement, TIMET would supply titanium to UTC for commercial and military aircraft and aircraft engines.
- Read, Richard (November 9, 2012). "Precision Castparts to acquire Titanium Metals in $2.9 billion deal". The Oregonian. Retrieved November 9, 2012.
- "TIMET enters into long term supply agreement with UTC.".
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