ATI unfazed by PCC’s acquisition: Harshman

Feb 06, 2013 | 12:36 PM | Frank Haflich

Tags  Allegheny Technologies, ATI, Precision Castparts, PCC, Titanium Metals, Timet, aerospace, titanium Richard Harshman

LOS ANGELES — Precision Castparts Corp.’s (PCC’s) 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 PCC’s purchase of Timet means that—along with PCC’s Huntington, W.Va.-based Special Metals Corp. unit—the 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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