ATI - ATI unveils plans for titanium melt expansion at Richland operations

2023-07-19 08:19:23 ET

ATI Inc. ( NYSE: ATI ) said Wednesday it selected its Richland, Washington, operations as the location of its previously announced titanium melting expansion, which will raise production of aerospace and defense-grade titanium by ~35% over 2022 baseline levels.

ATI ( ATI ) said the new capacity will supply aero-engine, airframe, and defense customers, including those served by its recently announced $1.2B in long-term commitments.

"We're essentially doubling the capacity of this operation and upgrading its capabilities to deliver the high-quality premium materials our customers value," President and COO Kim Fields said.

ATI ( ATI ) expects the expansion will be online by year-end 2024, with product qualifications occurring in 2025.

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