Allegheny Technologies

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Allegheny Technologies Incorporated
Public company
Traded as NYSEATI
S&P 400 Component
Founded 1996; 22 years ago (1996)
Headquarters Pittsburgh, Pennsylvania, U.S.
Area served
Worldwide
Key people
Richard J. Harshman (Chairman), (President) & (CEO)[1]
Products Titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings
Revenue Decrease US$3.134 billion (2016)[1]
Decrease -US$0.612 billion (2016)[1]
Decrease -US$0.640 million (2016)[1]
Total assets Decrease US$5.170 billion (2016)[1]
Total equity Decrease US$1.355 billion (2016)[1]
Number of employees
8,500 (2016)[1]
Website www.atimetals.com

Allegheny Technologies Incorporated (ATI) is a specialty metals company headquartered in Pittsburgh, Pennsylvania.

Current operations

ATI produces 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.[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 organizes its products into 2 segments:[1]

  • High Performance Materials & Components, 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.

Facilities

Midland Works

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), Vandergrift, and Washington. The company also has plants in: Illinois; Indiana; Ohio; Kentucky; California; South Carolina; Oregon; Alabama; Texas; Connecticut; Massachusetts; North Carolina; Wisconsin; Shanghai, China; and several facilities in Europe.[2]

History

In 1939, the merger of Allegheny Steel of Pittsburgh and Ludlum Steel of Watervliet, New York created Allegheny Ludlum Corporation; the merged company represented the manufacturers of steel for New York's Chrysler Building and Empire State Building and for the Model A Ford.

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.[3]

In 1978, the company acquired the British firm Wilkinson Sword and its American company Scripto.[4][5] Scripto is sold to the Tokai Corporation of Japan in 1984[6] and Wilkinson Sword is sold to Swedish Match in 1986.[4]

In 1987, Allegheny Ludlum became a public company via an initial public offering.[7]

In 1994, the company acquired Jessop Steel.

In 1996, it merged with Teledyne to form Allegheny Technologies.[7] The company then spun off several subsidiaries as independent public companies such as Teledyne Technologies and WaterPik Technologies in 1999, to concentrate on its core business of metal and alloy production.[7]

In 1998, the company acquired the assets of Lukens Washington Steel[8]

In 2004, the company acquired J&L Specialty Steel[9]

In 2005, the company sold its World Minerals subsidiary to French company Imerys.[10]

In 2010, the company acquired Ladish Co.[11]

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

Controversies

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.[13]

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.[14]

References

  1. ^ a b c d e f g h i j Allegheny Technologies Incorporated 2016 Form 10-K Annual Report
  2. ^ ATI Locations
  3. ^ Bill McGuire (December 9, 2014). "A visit to the Crawford Auto Aviation Collection". Mac's Motor City Garage. 
  4. ^ a b "Wilkinson Sword Ltd. History". Funding Universe. Retrieved 8 March 2013. 
  5. ^ Dougherty, Philip H. (August 3, 1984). "ADVERTISING; SCRIPTO'S BUILDUP FOR A LIGHTER". The New York Times. New York, New York. Retrieved February 2, 2018. 
  6. ^ "Scripto Pen Company records, Atlanta History Center". University System of Georgia. 
  7. ^ a b c Len Boselovic (December 14, 1999). "Allegheny Tecnologies's [sic] Simmons says 'Sayonara'". Pittsburgh Post-Gazette. 
  8. ^ "Bethlehem Closes Asset Sale Agreement With Allegheny Teledyne" (Press release). PRNewswire. November 20, 1998. 
  9. ^ "J&L Specialty Steel, LLC Announces Closing of Sale to Allegheny Ludlum" (Press release). PRNewswire. June 1, 2004. 
  10. ^ "Alleghany Completes Sale of Industrial Minerals Business" (Press release). Business Wire. July 14, 2005. 
  11. ^ "Allegheny Technologies Buys Ladish for $778 Million". The New York Times. November 17, 2010. 
  12. ^ "Allegheny Technologies, Form 8-K, Current Report, Filing Date Jul 28, 2010" (PDF). secdatabase.com. Retrieved Jan 3, 2013. 
  13. ^ Yerace, Tom (December 10, 2008). "Pollution around Highlands schools among worst in nation". Valley News Dispatch. Tribune-Review Publishing Company. 
  14. ^ "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. 
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