PCC invests $30M to integrate Timet operations

May 13, 2014 | 05:53 PM | Frank Haflich

Tags  Precision Castparts, PCC, Titanium Metals, Timet, Mark Donegan, investment, titanium, Carpenter Technology Special Metals

LOS ANGELES — Precision Castparts Corp. (PCC) is investing $30 million to facilitate the integration of Titanium Metals Corp. (Timet) melted product into the parent company’s downstream processing operations, according to PCC’s top executive.

Portland, Ore.-based PCC’s capital investment principally in Special Metals Corp. (SMC) will bring SMC’s capabilities "up to what it needs to drive that (Timet) product across" the assets of the Huntington, W.Va.-based nickel alloy producer, PCC chairman and chief executive officer Mark Donegan said during the company’s earnings conference call.....

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