ATI STAL Joint Venture Commissions New Line
March 14 2019 - 7:45AM
Business Wire
Advanced mill delivers Precision Rolled Strip
for consumer electronics and other industries in Asia
Allegheny Technologies Incorporated (NYSE: ATI) today
commissioned STAL 3, the latest expansion of its 20-year STAL joint
venture to produce precision stainless steel strip for China and
the Asian markets. Thought to be the most advanced in the world,
STAL 3 increases capacity by approximately 65%.
“This expansion allows us to meet the growing demands of the
Asian market,” said Robert S. Wetherbee, President and CEO of ATI.
“This enables us to produce the ultra thin, ultra flat, and ultra
hard precision stainless steel products that are crucial to the
functional parts of the consumer electronics industry—giving
protection and rigidity to smartphones, as well as enabling more
energy efficient flexible solar panels and narrow tolerance
applications in many other industries.” STAL’s products are sold
across Asia, including China, Japan, Korea, Singapore, Vietnam and
India.
The expansion includes a 1219 mm (48”) wide Cold Rolling Mill
enabling production of sheets thinner than a human hair, a bright
anneal line and associated auxiliary finishing equipment.
The STAL joint venture was formed in 1995 with the purpose of
specializing in the manufacturing and marketing of precision-rolled
stainless steel strip products for the Asian market. It is located
in the Xin-Zhuang Industrial Zone of Shanghai. The joint venture
brought together what was then Allegheny Ludlum – now Allegheny
Technologies – owning 60% and Shanghai No. 10 Iron and Steel Works
– now China Baowu Steel Group – owning 40%. It was last expanded in
2007, when STAL 2 was brought on-line.
“ATI brings to the joint venture global coordination of key
customer contracts, delivering a bigger global reach within Asia
and the ability to make highly differentiated products for
demanding industries,” said Kevin Kramer, Senior Vice President and
Chief Commercial and Marketing Officer for ATI. “Combined with
Baowu’s tremendous execution and reputation for excellence makes
STAL a world leader in quality, production capability and sales.”
STAL has been recognized in Shanghai as a double-excellence
foreign-invested enterprise for eight consecutive years and has
been certified as a new high-tech and advanced technology
enterprise for 12 years.
Creating Value Thru Relentless Innovation™
ATI is a global manufacturer of technically advanced specialty
materials and complex components. ATI revenue was $4.0 billion for
the twelve-month period ended December 31, 2018. Our largest
markets are aerospace & defense, particularly jet engines. We
also have a strong presence in the oil & gas, electrical
energy, medical, automotive, and other industrial markets. ATI is a
market leader in manufacturing differentiated specialty alloys and
forgings that require our unique manufacturing and precision
machining capabilities and our innovative new product development
competence. We are a leader in producing powders for use in
next-generation jet engine forgings and 3D-printed aerospace
products. See more at our website ATImetals.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190314005370/en/
Investor Contact:Scott A.
Minder412-395-2720scott.minder@atimetals.com
Media Contact:Natalie
Gillespie412-394-2850natalie.gillespie@atimetals.com
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