Allegheny Technologies
From Wikipedia, the free encyclopedia
| Allegheny Technologies, Inc. | |
|---|---|
| Type | Public (NYSE:ATI) |
| Founded | Merger in 1996 |
| Headquarters |  Pittsburgh, Pennsylvania |
| Key people | Chairman, President, and CEO: L. Patrick Hassey Exec. VP. and CFO: Richard J. Harshman Exec. VP and Group President Douglas A. Kittenbrink Exec. VP and CTO Jack W. Shilling Exec. VP and General Counsel Jon D. Walton |
| Products | Stainless steel Nickel alloys Exotic metal alloys Titanium alloys Tungsten Powder |
| Revenue | ▲$3.54 billion USD |
| Employees | 8,800 (2004) |
| Website | www.alleghenytechnologies.com |
Allegheny Technologies, Inc. NYSE: ATI is a specialty metals company headquartered in Pittsburgh, Pennsylvania, USA. It is the 17th largest employer in Allegheny County and one of the last "steel" companies with its headquarters in "The Steel City" and major manufacturing facilities remaining in the area (though most of its current business involves products other than steel). ATI is ranked #455 on the 2007 Fortune 500 list.
Contents |
[edit] History
The company which has developed to become Allegheny Technologies, Inc. was formed by the merger of Allegheny Ludlum Corporation and Teledyne, Inc. on August 15, 1996. The company has since spun off several subsidiaries as independent public companies such as Teledyne Technologies, Inc. and WaterPik Technologies in 1999, to concentrate on its core business of metal and alloy production. It also sold its World Minerals subsidiary to French company Imerys in 2005.
Allegheny Ludlum Corporation has a long history in Pittsburgh dating back to the Revolutionary War when an ancestor called Pompton Furnace supplied cannon balls to the Continental Army.
In 2006 ATI acquired Garryson Limited from Elliott Industries Limited for approximately $17 million.
[edit] Products
Allegheny Technologies, Inc. produces many specialty metals products for both domestic and international markets. The company organizes its products into three segments:
- Flat-Rolled Products, which includes stainless steel in sheet, strip, and plate form, nickel-based alloys, silicon electrical steel, and tool steel.
- High-Performance Materials, which includes titanium-based alloys, zirconium-based alloys and chemicals and other exotic alloys and other materials using hafnium, niobium, and tantalum.
- Engineered Products, which includes various tungsten-based materials.
[edit] Facilities
Allegheny Technologies, Inc. has its offices in downtown Pittsburgh at Six PPG Place, and plants throughout western Pennsylvania. In addition, it has plants in places such as Illinois, Indiana, Ohio, Kentucky, Oregon, Alabama, Connecticut, Massachusetts, North Carolina, and Shanghai, China, as well as several facilities in Europe.
[edit] Environmental Record
Researchers at the University of Massachusetts Amherst recently listed Allegheny Technologies as the 26th-largest corporate producer of air pollution in the United States, with approximately 590,000 lbs of toxic chemicals released annually into the air.[1] The corporation has also been identified as a potentially responsible party in at least ten Superfund toxic waste sites.[2] In 2005, Allegheny Ludlum agreed to pay a US$ 2,375,000 penalty to settle a lawsuit brought by the U.S. Department of Justice on behalf of the Environmental Protection Agency, which alleged that Allegheny had unlawfully discharged oil and other pollutants such as chromium, zinc, copper and nickel into Pittsburgh-area rivers.[3]
[edit] References
- ^ Political Economy Research Institute Toxic 100
- ^ Center For Public Integrity
- ^ Environmental Protection Agency press release
[edit] External links
- Allegheny Technologies
- Allegheny Technologies History
- Allegheny Technologies Products
- Allegheny Technologies Operations
|
||||||||||||||
