ATI Selected to Supply Innovative Solution for Large Pipeline Repair Project
December 07 2017 - 7:31AM
Business Wire
HRPF-enabled Nickel-based Alloy Flat-Rolled
Product
Allegheny Technologies Incorporated (NYSE: ATI) today announced
that it has been selected to supply the nickel-based alloy product
for a large oil pipeline repair project. The project’s estimated
revenue value to the ATI Flat Rolled Products segment is $30
million. Shipments are expected to begin in the first quarter
2018.
“This oil pipeline repair project required an immediate
replacement. The customer selected our innovative solution that is
enabled by the capabilities of our Hot-Rolling and Processing
Facility (HRPF), which features the industry’s shortest production
cycle time for nickel-based alloy flat-rolled products,” said Bob
Wetherbee, Executive Vice President, ATI Flat Rolled Products
Group.
“In addition, we offered a highly competitive solution for our
customer through the use of our differentiated continuous coil,
which replaces discrete plate in this application. This
differentiated product is made possible by the unparalleled
reduction power and gauge control of the HRPF.
“This innovative solution results from ATI’s leading
technologies, broad manufacturing capabilities, and operating
reliability. We see numerous opportunities for ATI’s highly
engineered and differentiated specialty material solutions to grow
our business in the oil & gas and chemical & hydrocarbon
processing markets.”
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on management's current
expectations and include known and unknown risks, uncertainties and
other factors, many of which we are unable to predict or control,
that may cause our actual results, performance or achievements to
materially differ from those expressed or implied in the
forward-looking statements. Additional information concerning
factors that could cause actual results to differ materially from
those projected in the forward-looking statements is contained in
our filings with the Securities and Exchange Commission. We assume
no duty to update our forward-looking statements.
Creating Value Thru Relentless Innovation™
ATI is a global manufacturer of technically advanced specialty
materials and complex components. With revenue of $3.4 billion for
the twelve month period ending September 30, 2017, our largest
market is aerospace & defense, particularly jet engines. We
also have a strong presence in the oil & gas, electrical
energy, medical, automotive, and other industrial markets. ATI is a
market leader in manufacturing differentiated specialty alloys and
forgings that require our unique manufacturing and precision
machining capabilities and our innovative new product development
competence. ATI produces nickel-based alloys and superalloys,
titanium alloys, specialty alloys, stainless steels, and zirconium
and other related alloys in many mill product forms. We also are a
leader in producing nickel-based alloy and titanium-based alloy
powders for use in next-generation jet engine forgings and
3D-printed products. ATIMetals.com
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version on businesswire.com: http://www.businesswire.com/news/home/20171207005562/en/
Allegheny Technologies IncorporatedScott A. Minder,
412-395-2720www.ATImetals.com
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