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Special materials company: Allegheny Tech (ATI) (1960)

Allegheny Technologies Inc. (or translated as: Allegheny Technologies) was founded in 1960 and is headquartered in Pittsburgh, Pennsylvania, USA, with 9,200 full-time employees. It is a manufacturer of special materials and components With the sales company.

Allegheny Technologies 1

Allegheny Technologies (ATI):

Alleghany Technology Co., Ltd. is engaged in the production and sales of special materials and components around the world. It is one of the world’s largest special steel producers. Although the name is similar to Alleghany , it has nothing to do with O(∩_∩)O haha~.

Allegheny Technologies business division is divided into high-performance materials and components, flat rolled products.

  1. High-performance raw materials and components department : Provide a variety of high-performance raw materials, including titanium and peptide alloys, nickel and cobalt alloys and superalloys, zirconium and related alloys, such as hafnium and niobium, advanced powders, and gold and other special alloys. Steel insulators, steel billets, round steel, bars, wires, section steel, rectangular steel, seamless steel pipes, plus precision forgings and castings, and machining parts for long products.
  2. Flat rolled products department : Provide stainless steel, nickel alloy, special alloy, titanium and titanium alloy products, including plates, sheets, engineering strips, rolled strip products, and directional electromagnetic steel sheets.

Allegheny Technologies products are provided to markets including aerospace and defense, oil and gas, chemical processing, electric energy, medicine, automobiles, food processing equipment and supplies, construction and mining, electronics and communication equipment, and computers.

Allegheny Technologies hopes that you will not regard him as a steel company, although its stock is one of the constituent stocks of the Dow Jones Steel Index and its stock price often rises and falls in synchronization with companies such as U.S. Steel Corporation and Nucor . But what really makes Allegheny’s stock the best-performing stock in the S&P 500 index is not steel, but its specialty metals business, especially titanium, because the rapid development of the aerospace industry consumes a lot of titanium.

Titanium produced by Allegheny, as well as nickel and tantalum, which have similar uses, are key materials for making aircraft engines. Boeing also uses titanium alloys on the fuselage of its new 787 Dreamliner. Almost all of the company’s end markets are booming. The company’s stainless steel alloys can be used to produce storage tanks for ethanol, and can also be used in the oil and gas fields. Rare metals such as zirconium and hafnium can be used in nuclear power plants.

In addition, metals such as niobium-titanium alloy produced by Allegheny are gradually occupying the medical market, and these metals can be used in nuclear magnetic resonance equipment.

History of Allegheny Technologies:

  • In 1935, Allegheny acquired Wallingford Steel;
  • In 1936, Allegheny acquired West Leechburg Steel;
  • In 1939, Allegheny Steel and Ludlum Steel merged to form Allegheny Ludlum Corporation;
  • In the 1970s, Allegheny Ludlum cooperated with Ford to produce automotive stainless steel parts;
  • In 1987, Allegheny Ludlum was publicly released;
  • In 1994, Allegheny Ludlum acquired Jessop Steel;
  • On August 15, 1996, Allegheny Ludlum Corporation merged with Teledyne to form Allegheny Technologies;
  • In 1998, Allegheny Technology acquired Lukens Washington Steel;
  • In 1999, Allegheny Technologies split off several non-core business branch companies, such as Teledyne Technologies , WaterPik Technologies, etc., to focus on metal and alloy special materials business;
  • In 2004, Allegheny Technology acquired J&L Specialty Steel;
  • In 2005, Allegheny Technologies sold its World Minerals branch to the French company Imerys;
  • In May 2011, Allegheny Technology acquired Ladish Co., thereby expanding the influence of its products in the aerospace field.
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