Allegheny Technologies
American materials company
- NYSE: ATI
- S&P 600 component
Area served
Key people
- Richard J. Harshman (chairman)
- Robert S. Wetherbee (president & CEO)
US$3.84 billion (2022) US$287 million (2022)Net income
US$131 million (2022) US$4.45 billion (2022) US$1.05 billion (2022)Number of employees
[1][2]
ATI Inc. (previously Allegheny Technologies Incorporated) is an American producer of specialty materials headquartered in Dallas, Texas. ATI produces metals including titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, zirconium, hafnium, and niobium, 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 in Western Pennsylvania include facilities in Harrison Township (Allegheny Ludlum's Brackenridge Works), Vandergrift, and Washington. The company also has plants in Illinois; Indiana; Ohio; Kentucky; California; South Carolina; Oregon; Alabama; Texas; Connecticut; Massachusetts; North Carolina; Wisconsin; New York; Shanghai, China; and several facilities in Europe.[1]
Its titanium sponge plants are located in Albany, Oregon and Rowley, 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]
History
20th century mergers and acquisitions
In 1939, the merger of Allegheny Steel of Pittsburgh and Ludlum Steel of Watervliet, New York created Allegheny Ludlum Corporation; prior to the merger, the companies had manufactured steel for the Chrysler Building and Empire State Building in New York City. Allegheny Steel had produced stainless steel brightwork for the Model 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 the Crawford Auto-Aviation Museum.[6]
In 1978, the company acquired Wilkinson Sword and Scripto.[7]
Scripto was sold to the Tokai Corporation of Japan in 1984.[8]
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 to Swedish Match for $230 million.[9]
In 1987, Allegheny Ludlum became a public company via an initial public offering under chief executive Dick Simmons[10]
In 1993, the company acquired Jessop Steel.[11]
ATI Technologies born 1996
In 1996, it merged with Teledyne to form Allegheny Technologies.[10] The company then spun off several subsidiaries as independent public companies such as Teledyne Technologies and Water Pik Technologies in 1999, to concentrate on its core business of metal and alloy production.[10]
In 1998, the company acquired certain assets of Lukens Washington Steel when it was sold to Bethlehem Steel.[12][13]
In 1998 ATI bought Teledyne Wah Chang Albany, as well as Oregon Metallurgical Corporation (Oremet). Both companies had plants in Albany, Oregon.[14]
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.[14]
In 2004, the company acquired J&L Specialty Steel.[15]
In 2005, the company sold its World Minerals subsidiary to French company Imerys.[16]
In May 2008 the company invested $260 million in a new plant located in Monroe.[17]
In 2010, the company acquired Ladish for $778 million.[18]
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.[19]
In 2012 ATI announced a $325 million investment in a new plant located in Rowley UT.[4] The plant was located adjacent to a US Magnesium plant, for easy interchange of by-products. The Rowley plant uses the Kroll process.[20]
In August 2016 the firm announced it would idle its plants in Rowley and Albany.[21]
The firm announced in December 2020 the closure of its Albany plant.[22] The plant had been subject to a United Steel Workers certification drive in March 2019.[23]
In March 2021, about 1,300 workers at nine facilities in the northern United States, all members of the United 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.[24]
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.[25]
In June 2023 ATI announced a $28 million expansion of its Richland WA plant, located in the Horn Rapids Industrial Park. At the same time it announced it would re-start its Albany OR operations.[26][27][28]
Products
The company organizes its products into two segments:[1]
- High Performance Materials & Components, which includes titanium-based alloys, nickel-based alloys and superalloys, zirconium and hafnium.
- Advanced Alloys & Solutions, which includes zirconium-, hafnium-, and niobium-based alloys, titanium and titanium alloys, nickel-based alloys, specialty alloys, duplex alloys in sheet, strip, and plate form, grain-oriented electrical steel.
Environmental record
Allegheny Ludlum's Natrona, Pennsylvania 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.[29]
In 2005, Allegheny Ludlum agreed to pay a $2,375,000 penalty to settle a lawsuit brought by the U.S. Department of Justice on behalf of the United States Environmental Protection Agency in 1995, which alleged that the company had unlawfully discharged oil and other pollutants, such as chromium, zinc, copper, and nickel, into the Allegheny River and Kiskiminetas River in the suburbs of Pittsburgh.[30]
Carbon footprint
ATI reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 407 Kt (-146 /-26.4% y-o-y).[31]
| Dec 2018 | Dec 2019 | Dec 2020 |
|---|---|---|
| 849[32] | 553[33] | 407[31] |
References
- ^ a b c d e "ATI Inc. 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 24, 2023.
- ^ "Allegheny Technologies". Fortune. Archived from the original on April 28, 2019. Retrieved February 11, 2019.
- ^ "ATI titanium sponge facility qualified for aerospace". Euromoney Global Limited. metalbulletin.com. March 14, 2012.
- ^ a b c "Allegheny Technologies Announces New Premium-Grade Titanium Sponge Facility". Industrial Media, LLC. Manufacturing.Net. June 25, 2006.
- ^ "Plating vs. Painting Model A Parts". Model A Club, Penn, Ohio. September 3, 2011. Archived from the original on September 10, 2022. Retrieved February 3, 2019.
- ^ McGuire, Bill (December 9, 2014). "A visit to the Crawford Auto Aviation Collection". Mac's Motor City Garage.
- ^ Dougherty, Philip H. (August 3, 1984). "ADVERTISING; SCRIPTO'S BUILDUP FOR A LIGHTER". The New York Times.
- ^ "Scripto Pen Company records, Atlanta History Center". University System of Georgia.
- ^ "Wilkinson Sale At $230 Million". The New York Times. Reuters. March 31, 1987.
- ^ a b c Boselovic, Len (December 14, 1999). "Allegheny Tecnologies's [sic] Simmons says 'Sayonara'". Pittsburgh Post-Gazette. Archived from the original on September 10, 2022. Retrieved March 6, 2017.
- ^ "Allegheny Technologies Announces Management Changes" (Press release). Business Wire. January 16, 2009.
- ^ Adams, Chris (January 29, 1998). "Bethlehem Steel Wins Lukens Bid And Agrees to Deal With Rival". The Wall Street Journal.
- ^ Somerville, Sean (January 29, 1998). "Beth Steel wins battle for Lukens 400 jobs will be lost as Sparrows Point plate mill is closed". The Baltimore Sun.
- ^ a b https://www.encyclopedia.com/books/politics-and-business-magazines/wah-chang.
{{cite news}}: Missing or empty|title=(help) - ^ "Allegheny Technologies to Acquire J&L Specialty Steel Assets" (Press release). Business Wire. February 17, 2004.
- ^ "Alleghany Completes Sale of Industrial Minerals Business" (Press release). Business Wire. July 14, 2005.
- ^ https://www.bizjournals.com/charlotte/stories/2008/05/26/story7.html.
{{cite news}}: Missing or empty|title=(help) - ^ "Allegheny Technologies Buys Ladish for $778 Million". The New York Times. November 17, 2010.
- ^ "Allegheny Technologies, Form 8-K, Current Report, Filing Date July 28, 2010" (PDF). secdatabase.com. July 28, 2010.
- ^ https://geology.utah.gov/map-pub/survey-notes/great-salt-lake-the-titanium-connection/.
{{cite news}}: Missing or empty|title=(help) - ^ "ATI Idling Some Titanium Operations". August 25, 2016.
- ^ "Albany titanium plant to close". December 2, 2020.
- ^ "At a titanium plant in Albany, managers squelch union drive". March 13, 2019.
- ^ "ATI titanium facility set to close Monday". December 5, 2020.
- ^ "Demand for titanium drives Richland plant expansion | Tri-Cities Area Journal of Business".
- ^ https://www.tri-cityherald.com/news/business/article276868233.html.
{{cite news}}: Missing or empty|title=(help) - ^ "$28M titanium plant expansion will add 100 jobs in E. Washington". July 2, 2023.
- ^ https://www.prnewswire.com/news-releases/ati-announces-richland-washington-as-site-of-titanium-melt-expansion-301880442.html.
{{cite news}}: Missing or empty|title=(help) - ^ Yerace, Tom (December 10, 2008). "Pollution around Highlands schools among worst in nation". Pittsburgh Tribune-Review.
- ^ "Allegheny Ludlum Corp. to Pay $2,375,000 Penalty for Clean Water Act Violations at Pittsburgh-area Plants" (Press release). United States Environmental Protection Agency. February 1, 2005.
- ^ a b "ATI Metals's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on June 22, 2022. Alt URL
- ^ "ATI Metals's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on June 22, 2022. Alt URL
- ^ "ATI Metals's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on June 22, 2022. Alt URL
External links
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