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(AMM) ATI installing furnace to meet improving titanium demand

July 29, 2010 - 21:02 GMT Location: LOS ANGELES

KEYWORDS: titanium , furnace , PAM , plasma-arc , Allvac , Bakers

An improving titanium outlook is prompting Allegheny Technologies Inc. (ATI) to bring on an additional furnace whose installation reportedly was delayed.

Patrick L. Hassey, chairman, president and chief executive officer of the Pittsburgh-based specialty metals producer, said ATI's Allvac unit is installing a fourth plasma-arc melt (PAM) furnace at the Bakers, N.C., operation. "That furnace will be up and running in the first quarter of next year," he said, giving ATI "all the capacity" it needs.

"We don't feel like our melting will be any kind of a constraint to our growth in the business," Hassey said during a conference call.

Outsiders originally expected the fourth PAM furnace to be in place by now as part of an overall expansion at Bakers, but industry sources reported in 2008 that slowing market conditions had persuaded Allvac to delay...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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