UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 17, 2015 (June 15, 2015)
Allegheny Technologies Incorporated
(Exact name of registrant as specified in its charter)
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| Delaware |
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1-12001 |
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25-1792394 |
| (State or other jurisdiction
of incorporation) |
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(Commission
File Number) |
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(IRS Employer
Identification No.) |
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| 1000 Six PPG Place, Pittsburgh, Pennsylvania |
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15222-5479 |
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(Zip Code) |
Registrant’s telephone number, including area code (412) 394-2800
N/A
(Former name or
former address, if changed since last report).
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
On June 15, 2015, Allegheny Technologies Incorporated (the “Company”)
announced that it has achieved qualification for its premium-titanium products used in jet engine rotating parts made using premium-quality (PQ) titanium sponge from ATI’s Rowley, Utah facility. A copy of the press release is attached hereto as
Exhibit 99.1.
On June 17, 2015, the Company announced that it is expanding its nickel-based superalloy powder capabilities to satisfy strong demand
from the aerospace jet engine market and growing demand from the additive manufacturing industry, particularly for 3D printed parts used in the aerospace, medical, electrical energy, and oil and gas markets. A copy of the press release is attached
hereto as Exhibit 99.2.
| Item 9.01. |
Financial Statements and Exhibits. |
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| Exhibit 99.1 |
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Press release dated June 15, 2015. |
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| Exhibit 99.2 |
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Press release dated June 17, 2015. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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| ALLEGHENY TECHNOLOGIES INCORPORATED |
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| By: |
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/s/ Elliot S. Davis |
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Elliot S. Davis |
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Senior Vice President, General Counsel, |
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Chief Compliance Officer and Corporate Secretary |
Dated: June 17, 2015
Exhibit 99.1
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| Allegheny Technologies Incorporated |
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Contact: |
| Corporate Headquarters |
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Dan L. Greenfield |
| 1000 Six PPG Place |
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412-394-3004 |
| Pittsburgh, PA 15222-5479 U.S.A.
www.ATImetals.com |
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ATI Achieves PQ Titanium Product and Process Qualification
Pittsburgh, PA, June 15, 2015 – Allegheny Technologies Incorporated (NYSE: ATI) announced today that it has achieved qualification for its
premium-titanium products used in jet engine rotating parts made using premium-quality (PQ) titanium sponge from ATI’s Rowley, Utah facility. Premium-quality titanium sponge is the critical raw material required to manufacture the most
demanding jet engine rotating parts.
“We are pleased to achieve PQ product qualification for the premium-quality titanium sponge produced at our
Rowley facility. Our operating team did an excellent job and exceeded the qualification schedule,” said Rich Harshman, ATI’s Chairman, President and CEO. “This concludes a multi-year strategic process. The timing of the
qualification is well aligned with forecasted growth in demand from the aerospace market.
“This approval pertains to ATI’s premium-grade
titanium products produced using ATI PQ titanium sponge and melted at our Plasma Arc Melt (PAM) facility in Bakers, North Carolina, and our Vacuum Arc Remelt (VAR) operations in Albany, Oregon.
“With this approval, ATI is now integrated for titanium alloys from PQ sponge thru melting processes, to mill products, and to parts and components, such
as our fully machined forgings and investment castings, used in next-generation and legacy jet engines and airframes.”
Creating Value Thru
Relentless Innovation™
Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials and components
producers in the world with revenues of approximately $4.4 billion for the twelve months ended March 31, 2015. ATI has approximately 9,600 full-time employees world-wide who use innovative technologies to offer global markets a wide range
of specialty materials solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, and construction and mining. The ATI website is
www.ATImetals.com.
Exhibit 99.2
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| Allegheny Technologies Incorporated |
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Contact: |
| Corporate Headquarters |
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Dan L. Greenfield |
| 1000 Six PPG Place |
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412-394-3004 |
| Pittsburgh, PA 15222-5479 U.S.A. |
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| www.ATImetals.com |
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ATI to Expand Nickel-Based Superalloy Powder Capabilities
Pittsburgh, PA, June 17, 2015 – Allegheny Technologies Incorporated (NYSE: ATI) announced today that it is expanding its nickel-based superalloy
powder capabilities to satisfy strong demand from the aerospace jet engine market and growing demand from the additive manufacturing industry, particularly for 3D printed parts used in the aerospace, medical, electrical energy, and oil and gas
markets. The self-funded expansion, which is projected to cost approximately $70 million and take two years to complete, will be located at the ATI Specialty Materials business unit’s operations near Monroe, NC.
“This strategic growth project will strengthen ATI’s position in the production of technically demanding superalloy powders used to produce advanced
mill products and forgings, primarily for next-generation jet engines,” said Rich Harshman, ATI’s Chairman, President and CEO. “A significant portion of the powders to be produced from this expansion are needed to meet
requirements of existing long-term agreements with jet engine OEMs that run well into the next decade. The expansion also better positions ATI to continue as a leading innovator supplying advanced powders to the new and rapidly growing additive
manufacturing industry.
“This expansion builds on ATI’s existing powder capabilities located at facilities in Oakdale, PA near Pittsburgh,
which are currently operating near capacity. The expansion is included in our multi-year capital expenditure target of approximately $200 million annually.”
Nickel-based superalloy powders provide extreme alloy compositions and a refined microstructure that offer increased performance and longer useful lives in
high-temperature and highly corrosive environments. For more information, see www.atimetals.com then “ATI Products” and “Powder Metals”.
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™
Allegheny Technologies Incorporated is one of the largest and most diversified specialty materials and components producers in
the world with revenues of approximately $4.4 billion for the twelve months ended March 31, 2015. ATI has approximately 9,600 full-time employees world-wide who use innovative technologies to offer global markets a wide range of specialty
materials solutions. Our major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, and construction and mining. The ATI website is
www.ATImetals.com.
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