 | |
| Formerly | Allegheny Technologies Incorporated |
|---|---|
| Company type | Public |
| Founded | 1996; 29 years ago (1996) |
| Headquarters | Dallas, Texas, U.S. |
Area served | Worldwide |
Key people | |
| Products | Titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings |
| Revenue |  US$4.17 billion (2023) |
| US$466 million (2023) | |
| US$423 million (2023) | |
| Total assets | US$4.99 billion (2023) |
| Total equity | US$1.37 billion (2023) |
Number of employees | c. 7,300 (2023) |
| Website | atimaterials |
| Footnotes / references [1][2] | |
ATI Inc. (previouslyAllegheny Technologies Incorporated) is an American producer of specialty materials headquartered inDallas, Texas. ATI produces metals includingtitanium and titanium alloys,nickel-based alloys andsuperalloys, stainless and specialty steels,zirconium,hafnium, andniobium,tungsten materials, forgings and castings.[1]
ATI's key markets are aerospace and defense, particularly commercial jet engines (over 50% of sales), oil & gas, chemical process industry, electrical energy, and medical.[1]
The company's plants inWestern Pennsylvania include facilities inHarrison Township (Allegheny Ludlum'sBrackenridge Works),Vandergrift, andWashington. The company also has plants inIllinois;Indiana;Ohio;Kentucky;California;South Carolina;Oregon;Alabama;Texas;Connecticut;Massachusetts;North Carolina;Wisconsin;New York;Shanghai, China; and several facilities in Europe.[1]
Itstitanium sponge plants are located inAlbany, Oregon andRowley, Utah. In total, ATI was said in 2012 to have capacity for 40 million pounds per annum,[3][4] with the investment of $325 million in Rowley. The Rowley plant would have an annual capacity of 24 million pounds.[4]
In 1939, the merger of Allegheny Steel of Pittsburgh and Ludlum Steel ofWatervliet, New York created Allegheny Ludlum Corporation; prior to the merger, the companies had manufactured steel for theChrysler Building andEmpire State Building inNew York City. Allegheny Steel had produced stainless steel brightwork for theModel A Ford starting in 1930.[5]
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 theCrawford Auto-Aviation Museum.[6]
In 1978, the company acquiredWilkinson Sword andScripto.[7] A year later, Allegheny Ludlum acquiredKennedy Company, a maker of magnetic tape products for large computer systems for an undisclosed sum.[8][9] In 1984, Allegheny Ludlum sold off Scripto to the Tokai Corporation of Japan.[10]
In 1986, the company suffered a $198 million operating loss and chairman Robert Buckley, stepped down amid accusations of mismanagement. In 1987, Wilkinson Sword was sold toSwedish Match for $230 million.[11]
In 1987, Allegheny Ludlum became a public company via aninitial public offering under chief executiveDick Simmons[12]
In 1993, the company acquired Jessop Steel.[13]
In 1996, it merged withTeledyne to form Allegheny Technologies.[12] The company then spun off several subsidiaries as independent public companies such asTeledyne Technologies andWater Pik Technologies in 1999, to concentrate on its core business of metal and alloy production.[12]
In 1998, the company acquired certain assets of Lukens Washington Steel when it was sold toBethlehem Steel.[14][15]
In 1998 ATI boughtTeledyne Wah Chang Albany, as well asOregon Metallurgical Corporation (Oremet). Both companies had plants in theAlbany, Oregon area,[16] such as the ATI Specialty Alloys and Components (Wah Chang) zirconium operation inMillersburg, Oregon.[17] The Oremet facility makes high-quality titanium for use inBoeing aircraft.[17]
In 2001 TWCA closed its titanium sponge manufacturing plant in Albany, Oregon; thereafter it would purchase the material on the open market as it continued to produce titanium ingot, slab, and mill products.[16]
In 2004, the company acquired J&L Specialty Steel.[18]
In 2005, the company sold its World Minerals subsidiary to French companyImerys.[19] At the time, it racked up $3.5 billion in sales.[20]
In May 2008 the company invested $260 million in a new plant located inMonroe.[21]
In 2010, the company acquired Ladish for $778 million.[22]
Allegheny Technologies debuted itsATI 425 Titanium Alloy on June 14, 2010, at the land and air-land defense and security exhibitionEurosatory in Paris, France.[23]
In 2012 ATI announced a $325 million investment in a new plant located in Rowley UT.[4] The plant was located adjacent to aUS Magnesium plant, for easy interchange of by-products. The Rowley plant uses theKroll process.[24]
As of August 2016, the firm employed roughly 1,500 people in its Albany region plants.[25]
In August 2016 the firm announced it would idle its plants in Albany and Rowley.[26] The latter plant was idled because other global suppliers, who had entered the market recently, could undercut the Rowley titanium sponge.[25][27] The Albany plant, which produced mainly for Boeing, was shuttered because of poor demand.[17]
In September 2016 the company said it would shut down itsFrackville plant, which produced titanium bar and hair-thin wire in a 55,000-square-foot facility.[28][29]
In 2019 the firm sold its ATI Cast Products plant in Albany OR to aCleveland OH company. At the time, the firm employed some 900 people in three plants in the Albany area.[17]
The firm announced in December 2020 the closure of its Albany plant.[30] The plant had been subject to aUnited Steel Workers certification drive in March 2019.[31]
In March 2021, about 1,300 workers at nine facilities in the northern United States, all members of theUnited Steelworkers,went on strike over proposed changes to their health care plans. The strike ended in July with the company rejecting its proposed changes.
In June 2022, the company was officially renamed from Allegheny Technologies Incorporated to ATI. Alongside this, the company's domain was changed from ATImetals.com to ATImaterials.com.[citation needed]
In December 2022 the company closed its Albany plant.[17]
As of September 2023 ATI was "a $3.8 billion company" with more than 6,000 workers in more than 30 locations in the United States and more than a dozen in Europe and Asia.[32]
In June 2023 ATI announced a $28 million expansion of itsRichland WA plant, located in theHorn Rapids Industrial Park. At the same time it announced it would re-start its Albany OR operations.[33][34][35] The Richland plant has a furnace, which liquefies the metal with electron beams. The liquid metal flows into hearths where defects are removed. The finished products are billets that weigh up to 44,000 pounds. It also has a vacuum arc remelting process.[33]
The company organizes its products into two segments:[1]
Allegheny Ludlum'sNatrona, Pennsylvania andBrackenridge, Pennsylvania plants contributed to the waste at the ALSCO Park Lindane Dump, an EPASuperfund site. These plants also releasedchromium into the air, which adversely affected air quality at schools in theHighlands School District.[36]
In 2005, Allegheny Ludlum agreed to pay a $2,375,000 penalty to settle a lawsuit brought by theU.S. Department of Justice on behalf of theUnited States Environmental Protection Agency in 1995, which alleged that the company had unlawfully discharged oil and other pollutants, such as chromium,zinc,copper, andnickel, into theAllegheny River andKiskiminetas River in the suburbs of Pittsburgh.[37]
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