ATI Wins $45 Million Supply Contract for Deepwater Pipeline
March 28 2019 - 7:15AM
Business Wire
Highly engineered specialty materials deliver
corrosion resistance
Allegheny Technologies Incorporated (NYSE: ATI) has been
selected to supply the nickel-based flat rolled products for a
large oil pipeline project in South America. Revenue to the ATI
Flat Rolled Products (FRP) segment is expected to be approximately
$45 million, with shipments beginning in second quarter 2019 and
scheduled to be completed by year-end.
“ATI’s differentiated products will help to facilitate increased
energy production in the region,” said Jeff Thompson, Vice
President of Sales for FRP. “Our customer chose ATI due to our
unbeatable combination of the shortest industry lead times, high
quality products, and our unique material properties.
“ATI delivers a highly competitive solution to our customers
through the use of differentiated continuous coil instead of
discrete plate for this application,” said Mr. Thompson. “The
unparalleled reduction power and gauge control of the Hot-Rolling
and Processing Facility (HRPF) makes this possible. It also enables
tighter tolerances and gauge controls that, combined with ATI’s
specialized melt technology, enable us to produce materials with
proven corrosion resistance in the demanding subsea oil production
environment,” said Mr. Thompson.
ATI’s leading technologies, broad manufacturing capabilities,
and operating reliability power our competitive advantage in
serving our customers and growing our business in the oil & gas
and chemical & hydrocarbon processing markets through highly
engineered and differentiated specialty material solutions.
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/20190328005148/en/
Investor Contact:Scott A.
Minder412-395-2720scott.minder@atimetals.com
Media Contact:Natalie
Gillespie412-394-2850natalie.gillespie@atimetals.com
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