SMC key in growing Timet’s role in Precision Castparts
Dec 05, 2012 | 02:00 PM
| Frank Haflich
Tags
titanium,
Timet,
Precision Castparts,
Special Metals,
Haynes International,
Carpenter Technology,
Mark Donegan,
Frank Haflich
LOS ANGELES — Precision Castparts Corp. will use its existing specialty alloys operations to extend the downstream product role of Titanium Metals Corp. under Timet’s future ownership by PCC.
PCC chairman and chief executive officer Mark Donegan said last week that PCC plans to utilize the assets of Huntington, W.Va.-based nickel and cobalt alloys producer Special Metals Corp. to stretch Timet’s product range within its new parent company.
"Where SMC was a fully integrated mill (when it was acquired by PCC in 2006)," Timet is a "fully integrated melter—they’re not a mill," Donegan told financial analysts at a meeting in New York. However, PCC can "match" SMC’s downstream assets with Timet’s melt capabilities and "create a fully integrated mill" out of the titanium producer. ....
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