Industrial titanium demand recovering: ATI

Jan 28, 2013 | 04:25 PM | Frank Haflich

Tags  Allegheny Technologies, ATI, titanium, Richard Harshman, Yanbu 3, Doosan, Uniti, Frank Haflich

LOS ANGELES — Orders from large desalination and power plants have contributed to the start of a recovery for Allegheny Technologies Inc.’s non-aerospace industrial titanium business this year, according to ATI’s chairman, president and chief executive officer Richard Harshman.

“We are beginning to rebuild our backlog of high-value products for large global infrastructure projects,” Harshman told securities analysts.
Uniti LLC, a joint venture of Pittsburgh-based ATI with VSMPO-Avisma Corp. of Russia, recently received the balance of an order for commercially pure titanium strip that it will supply for the Yanbu Phase 3 seawater desalination project in Saudi Arabia, Harshman said. ....

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