Allegheny Technologies Inc ATI

NYS: ATI | ISIN: US01741R1023   24/12/2024
55,82 USD (+1,07%)
(+1,07%)   24/12/2024

ATI Celebrates Commissioning of New Press Critical to Titanium Production

Senator Ted Budd commemorated event at ATI in Bakers, North Carolina

BAKERS, N.C., March 19, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) celebrated the commissioning of its state-of-the-art 12,500-ton billet forging press critical to production of titanium for aerospace and defense. The Bakers South II press, known as BSOII, came online in Q1-2024 to match ATI's increased titanium melt capacity, delivering increased capability for the manufacture of high-performance, challenging-to-make novel alloys.

"Nearly six decades after establishing our operations here, we are excited to continue to expand our capabilities in Bakers, North Carolina," said Kim Fields, ATI President and Chief Operating Officer. "BSOII delivers 25% greater tonnage than our legacy press, at the closest possible tolerances. With precision and speed, we're meeting the demanding technical requirements for latest-generation cast materials critical to high-temperature jet engines."

After a ribbon-cutting ceremony with some of the over 1,500 ATI employees who work in North Carolina, U.S. Senator Ted Budd (NC) witnessed the powerful press in action. "Part of what makes our nation strong is having a strong national defense," said Senator Budd. "It's having strong providers and suppliers – companies like ATI – in that supply chain. Thanks to ATI for keeping our supply chain strong."

ATI: Proven to Perform

ATI (NYSE: ATI) is a global producer of high-performance materials and solutions for the global aerospace and defense markets, and critical applications in electronics, medical and specialty energy. We're solving the world's most difficult challenges through materials science. We partner with our customers to deliver extraordinary materials that enable their greatest achievements: their products fly higher and faster, burn hotter, dive deeper, stand stronger and last longer. Our proprietary process technologies, unique customer partnerships and commitment to innovation deliver materials and solutions for today and the evermore challenging environments of tomorrow.  We are proven to perform anywhere.  Learn more at ATImaterials.com.

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SOURCE ATI

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