Titanium Update Newsletter April 2012 Edition

DENVER, April 26, 2012 /PRNewswire/ -- The International Titanium Association (ITA) has published its latest edition of the Ti Update newsletter ("Titanium"), dedicated to the global titanium industry. The publication may be accessed online (http://www.titanium.org/files/ItemFileA4862.pdf).

Produced by the ITA staff, the quarterly newsletter offers market and company news, job postings, classified ads and updates on titanium industry events, with dispatches from sources in North America, Asia and Europe.

Jennifer Simpson, executive director of the ITA, said the newsletter is designed to serve the needs of ITA members, as well as titanium suppliers, customers and stakeholders. Call the ITA at (303) 404-2221 or visit the association's Web site for more information on the online publication.

Among the highlight items contained in the newsletter, RTI International Metals Inc., Pittsburgh, has completed its acquisition of Remmele Engineering Inc., New Brighton, MN, a provider of precision machining and collaborative engineering, as well as other key technologies and services for the aerospace and defense and medical device sectors.

The acquisition builds upon RTI's strategy of becoming a fully integrated supplier of advanced titanium mill products and industrial components across the international supply chain. While Remmele will enhance RTI's existing downstream capabilities in the energy, aerospace and defense sectors, it also offers growth potential for RTI in the medical devices market.  Last year, in a separate transaction, RTI acquired the Forming Division of Aeromet International PLC, an operation based in the U.K.

Allegheny Technologies Inc., Pittsburgh, has completed the standard-grade qualification (SQ) process of its Rowley, UT, titanium sponge facility. Rich Harshman, Allegheny chairman, president and chief executive officer, said the plant qualification "comes at an historic time in the aerospace industry as OEMs increase production to unprecedented rates for both airframes and jet engines. We are also seeing increased demand from the jet engine aftermarket. In addition, demand remains strong for our titanium products from the medical and industrial markets." The ATI Rowley facility utilizes the Kroll reduction-vacuum distillation process, which reduces titanium tetrachloride with magnesium to produce the sponge.

Carpenter Technology Corp., Wyomissing PA, has completed its acquisition of Latrobe Specialty Metals Inc., Latrobe, PA, a transaction valued at $558 million, following approval by the U.S. Federal Trade Commission. Latrobe is a producer and distributor of components used in aerospace, defense and energy applications.

Dallas-based Titanium Metals Corp. ("TIMET") has unveiled a new European service and distribution facility located in Ugine, France. The installation will operate as the central distribution hub for Timet's expanding presence in Europe, which includes titanium mill and melt operations in France, England, and Wales as well as an industrial fabrication facility in Italy.

The Ugine plant will house a diverse inventory of titanium mill product and will focus on the needs of the aerospace, medical and industrial markets. It will offer a wide range of services, such as water jet cutting, as well as value-added and supply-chain management programs.

Dynamet Technology Inc., Burlington, MA, has received qualification approval from Chicago-based aerospace giant Boeing Co. for the supply of Ti-6Al-4V alloy products for structural components on commercial aircraft. Dynamet's advanced powder metal (PM) manufacturing technology involves the cold consolidation of blended titanium and alloy powders and vacuum sintering—with or without subsequent hot isostatic pressing—to produce powder metal products in basic shapes and near-net shape forms.

A Boeing material specification has been released with Dynamet as the only qualified manufacturer for PM Ti-6Al-4V product for Boeing's Commercial Airplanes unit. This permits Boeing Commercial Airplanes and their component supply chain to begin the process of substituting the PM Ti-6Al-4V alloy product as an alternative to machining from standard grades of Ti-6Al-4V for bar, plate, castings, forgings or extruded products.

International Titanium Association
11674 N. Huron Street Suite 100
Northglenn, Colorado  80234 USA

(303) 404-2221 Telephone
(303) 404-9111 Facsimile
www.titanium.org

Contact:  Jennifer Simpson, Executive Director
Denver, Colorado USA
1-303-404-2221   Telephone
1-303-404-9111   Facsimile
[email protected]  Email

SOURCE International Titanium Association