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Allegheny Technologies

#2071

Rank

$7.91B

Marketcap

US United States

Country

Allegheny Technologies
Leadership team

Mr. Robert S. Wetherbee (Chairman, Pres & CEO)

Mr. Donald P. Newman (Exec. VP of Fin. & CFO)

Ms. Kimberly A. Fields (Exec. VP & COO)

Products/ Services
Advanced Materials, Chemical, Mining Technology
Number of Employees
1,000 - 20,000
Headquarters
Pittsburgh, Pennsylvania, United States
Established
1960
Company Registration
SEC CIK number: 0001018963
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
ATI
Social Media
Overview
Location
Summary
ATI Inc. manufactures and sells specialty materials and components worldwide. The company operates in two segments: High Performance Materials & Components (HPMC) and Advanced Alloys & Solutions (AA&S). The HPMC segment produces various materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, as well as precision forgings, components, and machined parts. The segment serves aerospace and defense, medical, and energy markets. The AA&S segment produces zirconium and related alloys, including hafnium and niobium, nickel-based alloys, titanium and titanium-based alloys, and specialty alloys in a variety of forms, such as plate, sheet, and precision rolled strip products. It also provides hot-rolling conversion services, including carbon steel products, and titanium products. This segment offers its solutions to the energy, aerospace and defense, automotive, and electronics markets. The company was formerly known as Allegheny Technologies Incorporated. ATI Inc. was founded in 1960 and is headquartered in Dallas, Texas.
History

In 1939, the merger of Allegheny Steel of Pittsburgh and Ludlum Steel of Watervliet, New York created Allegheny Ludlum Corporation; prior to the merger, the companies had manufactured steel for the Chrysler Building and Empire State Building in New York City. Allegheny Steel had produced stainless steel brightwork for the Model A Ford starting in 1930Through the 1970s, Allegheny Ludlum periodically cooperated with Ford to build several one-off promotional cars with stainless steel bodies. Three such cars are on display in the Crawford Auto-Aviation Museum.In 1978, the company acquired Wilkinson Sword and Scripto.Scripto was sold to the Tokai Corporation of Japan in 1984.In 1986, the company suffered a $198 million operating loss and chairman Robert Buckley, stepped down amid accusations of mismanagement. In 1987, Wilkinson Sword was sold to Swedish Match for $230 million.In 1987, Allegheny Ludlum became a public company via an initial public offering under chief executive Dick SimmonsIn 1993, the company acquired Jessop Steel.In 1996, it merged with Teledyne to form Allegheny Technologies. The company then spun off several subsidiaries as independent public companies such as Teledyne Technologies and Water Pik Technologies in 1999, to concentrate on its core business of metal and alloy production.In 1998, the company acquired certain assets of Lukens Washington Steel when it was sold to Bethlehem Steel.In 2004, the company acquired J&L Specialty Steel.In 2005, the company sold its World Minerals subsidiary to French company Imerys.In 2010, the company acquired Ladish for $778 million.Allegheny Technologies debuted its ATI 425 Titanium Alloy on June 14, 2010, at the land and air-land defense and security exhibition Eurosatory in Paris, France.In March 2021, about 1,300 workers at nine facilities in the northern United States, all members of the United Steelworkers, went on strike over proposed changes to their health care plans. The strike ended in July with the company rejecting its proposed changes.

In June 2022, the company was officially renamed from Allegheny Technologies Incorporated to ATI. Alongside this, the company's domain was changed from ATImetals.com to ATImaterials.com.

Mission
Because ATI cares about our customers, our vendors and employees, we will: always deliver more than expected create and ensure safe working conditions recruit, educate and retain the industry’s best talent use the most innovative advanced techniques and equipment establish long term relationships give back to the communities in which we live and work respect the human story behind every loss and every job
Vision
To grow as the nation’s largest family owned restoration contractor with a focus on employee development in order to improve our customer’s lives.
Key Team

Mr. Elliot S. Davis (Sr. VP and Chief Legal & Compliance Officer)

Mr. Kevin B. Kramer (Sr. VP and Chief Commercial & Marketing Officer)

Mr. Jimmy Williams Jr. (Sr. VP & CTO)

Tom Wright (VP of Financial Planning & Analysis and Interim Head of IR)

Ms. Tina Killough Busch (Sr. VP & Chief HR Officer)

Mr. Timothy J. Harris (Sr. VP and Chief Digital & Information Officer)

Mr. John S. Minich (Pres of Forged Products)

Recognition and Awards
Allegheny Technologies has been recognized with numerous awards, including the Platinum Performance Award, the American Metal Market Steel Excellence Award, the American Metal Market Excellence in Steel Award, the Walk of Fame Award, and the Lifecycle Opportunity Recognition Award.
References
Allegheny Technologies
Leadership team

Mr. Robert S. Wetherbee (Chairman, Pres & CEO)

Mr. Donald P. Newman (Exec. VP of Fin. & CFO)

Ms. Kimberly A. Fields (Exec. VP & COO)

Products/ Services
Advanced Materials, Chemical, Mining Technology
Number of Employees
1,000 - 20,000
Headquarters
Pittsburgh, Pennsylvania, United States
Established
1960
Company Registration
SEC CIK number: 0001018963
Net Income
20M - 100M
Revenue
Above - 1B
Traded as
ATI
Social Media