VSMPO deal is opportunity for expansion at Universal

Nov 24, 2010 | 10:27 AM |

An agreement to convert titanium is the biggest step so far in Universal Stainless & Alloy Products Inc.'s efforts to fill "underutilized" capacity, the company said.

Universal has entered into a long-term conversion deal to supply bar in coils to a U.S. unit of VSMPO-Avisma Corp.

"Strategically, we've been looking for ways to expand our portfolio," Dennis Oates, chairman, president and chief executive officer of Universal, told AMM.

The Bridgeville, Pa., producer of finished and semifinished stainless, tool and other specialty steels said recently that it entered into an agreement to supply titanium hot-roll conversion services to Moscow-based VSMPO, whose NF&M International Inc. subsidiary plans to start producing titanium fastener stock. Universal will take billet from Russia to be converted in Bridgeville to an input size suitable to roll coil at its Dunkirk, N.Y., facility—after which it will be finished into fastener stock at NF&M in Monaca, Pa. ....

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