ATI unfazed by PCC’s acquisition: Harshman
Feb 06, 2013 | 12:36 PM
| Frank Haflich
LOS ANGELES Precision Castparts Corp.s (PCCs) recent acquisition of Titanium Metals Corp. (Timet) is unlikely to trigger a heightened battle for market share in the aerospace supply chain, according to the top executive at PCC rival Allegheny Technologies Inc. (ATI).
"We think there are enough opportunities in the world for the both of us," ATI chairman, president and chief executive officer Richard J. Harshman said during a conference call with securities analysts.
Portland, Ore.-based PCCs purchase of Timet means thatalong with PCCs Huntington, W.Va.-based Special Metals Corp. unitthe company now has the ability to supply both titanium and nickel-based alloys to the aerospace sector and other major specialty metals consumers. ....
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