STOCK TITAN

ATI Celebrates Completion of Most Advanced Materials Finishing Operations

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
ATI Inc. completes significant expansion at Vandergrift Operations, transforming Specialty Rolled Products to lead in titanium and nickel-based alloys. The expansion consolidates production from five locations, enhancing production of high-value materials for aerospace and defense. The new bright anneal line and state-of-the-art control systems provide world-class finishing capabilities. ATI's commitment to innovation and customer partnerships ensures exceptional performance in challenging environments.
Positive
  • None.
Negative
  • None.

Vandergrift expansion significant to Specialty Rolled Products transformation

VANDERGRIFT, Pa., April 11, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) celebrated completion of its expansion at Vandergrift Operations – the most advanced materials finishing operations of its kind – at an event attended by government and community leaders. The Vandergrift expansion is significant to ATI's transformation of Specialty Rolled Products to be a leader in high quality titanium and nickel-based alloys. Consolidating production from five other locations across the ATI system created a more competitive flow path at Vandergrift focused on increasing production of high-value, differentiated materials.

"This expansion has unlocked the capabilities of ATI's Specialty Rolled Products business," said Kim Fields, ATI President and Chief Operating Officer. "This team is delivering the advantages our customers are hungry for: best-in-class attributes including thickness, coil size and cycle times, at the shortest lead times in the world. It's another way for ATI to meet the tremendous demand for specialty materials serving aerospace and defense."

Key to the site's expansion is the new bright anneal line, standing 200 feet tall, including state-of-the-art control systems. Combined with ATI's Hot Rolling and Processing Facility in Brackenridge, PA, the bright anneal delivers best-in-the-world coil finishing capabilities at the shortest cycle times. With state-of-the-art temperature control, reduced flow times and the ability to produce thinner and larger specialty coils, this facility allows ATI more differentiating capability to deliver for our customers' end use applications.  The investment in the Vandergrift expansion is included in existing capital expenditure guidance.

ATI: Proven to Perform.

ATI (NYSE: ATI) is a global producer of high performance materials and solutions for the global aerospace and defense markets, and critical applications in electronics, medical and specialty energy. We're solving the world's most difficult challenges through materials science. We partner with our customers to deliver extraordinary materials that enable their greatest achievements: their products fly higher and faster, burn hotter, dive deeper, stand stronger and last longer. Our proprietary process technologies, unique customer partnerships and commitment to innovation deliver materials and solutions for today and the evermore challenging environments of tomorrow. We are proven to perform anywhere.  Learn more at ATImaterials.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ati-celebrates-completion-of-most-advanced-materials-finishing-operations-302114692.html

SOURCE ATI

FAQ

What is the significance of the Vandergrift expansion for ATI Inc. (ATI)?

The Vandergrift expansion marks a crucial step in ATI's transformation of Specialty Rolled Products to become a leader in high quality titanium and nickel-based alloys. It consolidates production from five locations to enhance the production of high-value materials for aerospace and defense.

What are the key features of the new bright anneal line at Vandergrift Operations?

The new bright anneal line at Vandergrift Operations stands 200 feet tall and includes state-of-the-art control systems. It delivers best-in-the-world coil finishing capabilities at the shortest cycle times, with advanced temperature control and the ability to produce thinner and larger specialty coils.

What industries does ATI Inc. (ATI) serve with its high-performance materials and solutions?

ATI Inc. (ATI) serves global aerospace and defense markets, critical applications in electronics, medical, and specialty energy. Their materials and solutions enable products to perform exceptionally in challenging environments.

What is ATI Inc.'s (ATI) commitment to innovation and customer partnerships?

ATI Inc. (ATI) is committed to innovation and customer partnerships to deliver extraordinary materials that enable their customers' greatest achievements. They focus on solving the world's most difficult challenges through materials science.

ATI Inc.

NYSE:ATI

ATI Rankings

ATI Latest News

ATI Stock Data

7.74B
141.29M
0.97%
94.14%
1.82%
Metal Fabrication
Steel Pipe & Tubes
Link
United States of America
DALLAS