Premium quality expansion will double
operations to serve aerospace and defense
DALLAS, July 19,
2023 /PRNewswire/ -- ATI Inc. (NYSE: ATI) announced
its Richland, Washington
operations as the location of its previously announced titanium
melting expansion through investment in new, state-of-the-art
assets. The expansion will increase ATI's production of aerospace
and defense-grade titanium by approximately 35% over the 2022
baseline levels, helping to meet strong titanium demand. The
expansion is projected to be online by the end of 2024, with
product qualifications occurring in 2025.
"We're essentially doubling the capacity of this operation and
upgrading its capabilities to deliver the high-quality premium
materials our customers value," said Kim
Fields, ATI president and chief operating officer. "This new
capacity will have extraordinary chemistry control, process
flexibility, and enable optimization of input materials," said
Fields.
The new capacity will supply aero-engine, airframe, and defense
customers, including those served by ATI's recently announced
$1.2 billion in long-term
commitments.
"Twenty-five years after the Richland facility was first commissioned, it's
exciting to expand our presence there," said Board Chair and Chief
Executive Officer Bob Wetherbee. "We
appreciate the region's strong support and are honored to be the
city of Richland's first recipient
of the Manufacturing Property Tax Exemption."
In keeping with ATI's commitment to sustainable operations, the
facility will be powered primarily by hydroelectricity. The
investment is included in the company's 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.
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SOURCE ATI