Allegheny Ludlum
 |
|
| Public | |
| Traded as | : ATI S&P 400 Component |
| Founded | 1996 |
| Headquarters | Pittsburgh, Pennsylvania, U.S. |
|
Area served
|
Worldwide |
|
Key people
|
Richard J. Harshman (Chairman), (President) & (CEO) |
| Products | Titanium and titanium alloys, nickel-based alloys and superalloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings |
| Revenue |
 US$ 3.1 billion (2016) |
|
Number of employees
|
9,200 (2015) |
| Website | www |
Allegheny Technologies Incorporated (ATI) is an American specialty metals company headquartered in Pittsburgh, Pennsylvania, in the United States. ATI is one of the largest and most diversified specialty materials and components producers in the world with revenue of $3.7 billion in 2015. ATI's key markets are aerospace and defense, oil & gas, chemical process industry, electrical energy, and medical. Products are titanium and titanium alloys, nickel-based alloys and superalloys, grain-oriented electrical steel, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, forgings and castings.
In 1939, the merger of Allegheny Steel of Pittsburgh and Ludlum Steel of Watervliet, New York created Allegheny Ludlum Corporation; the merged company represented the manufacturers of steel for New York's Chrysler and Empire State Buildings and for the Model A Ford. Through 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 1987, Allegheny Ludlum had its first public offering, but the present version of the company, Allegheny Technologies, was formed by the combination of Allegheny Ludlum Corporation and Teledyne on August 15, 1996. The company has since spun off several subsidiaries as independent public companies such as Teledyne Technologies and WaterPik Technologies in 1999, to concentrate on its core business of metal and alloy production. It also sold its World Minerals subsidiary to French company Imerys in 2005. ATI has had a consistent history of strategic acquisitions, notably Wallingford Steel in 1935, West Leechburg Steel in 1936, Jessop Steel in 1994, the assets of Lukens Washington Steel in 1998, J&L Specialty Steel in 2004, and most recently Wisconsin-based Ladish Co. to expand its offerings in the aerospace sector. The company has self-funded approximately $1.8 billion in capital investments between 2004 and 2009 and now believes it has world's newest and most advanced processing paths for its specialty metals, particularly for titanium and titanium alloys, nickel-based alloys and superalloys, zirconium and hafnium, and other specialty alloys.
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