ATI’s UNITI JV Selected to Supply Titanium for World’s Largest Seawater Desalination Project
December 16 2010 - 4:20PM
Business Wire
UNITI LLC, an industrial titanium venture jointly owned by
Allegheny Technologies Incorporated (NYSE: ATI) and Verkhnaya Salda
Metallurgical Production Association (VSMPO), today announced that
it has been chosen to supply a significant portion of the
commercially pure (CP) titanium to be used in the world’s largest
seawater desalination plant.
UNITI expects to supply between 5.5 million and 6.0 million
pounds of CP titanium strip that will be used to produce titanium
tubing for the project. This is the largest order in UNITI’s
history. Shipments are planned to be spread evenly throughout
2011.
UNITI’s customer, Doosan Heavy Industries & Construction of
Korea, was selected by the Saline Water Conversion Corporation
(SWCC) for a seawater desalination project to be built in Ras Az
Zawr, Saudi Arabia. The plant’s daily potable water output will be
the largest in the world, sufficient to meet the needs of 3.5
million people.
This news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on management's current
expectations and include known and unknown risks, uncertainties and
other factors, many of which we are unable to predict or control,
that may cause our actual results, performance or achievements to
materially differ from those expressed or implied in the
forward-looking statements. Additional information concerning
factors that could cause actual results to differ materially from
those projected in the forward-looking statements is contained in
Allegheny Technologies' filings with the Securities and Exchange
Commission. We assume no duty to update our forward-looking
statements.
Allegheny Technologies Incorporated is one of the largest and
most diversified specialty metals producers in the world with
revenues of $3.8 billion for the twelve months ending September 30,
2010. ATI has approximately 8,900 full-time employees world-wide
who use innovative technologies to offer global markets a wide
range of specialty metals solutions. Our major markets are
aerospace and defense, oil and gas/chemical process industry,
electrical energy, medical, automotive, food equipment and
appliance, machine and cutting tools, and construction and mining.
Our products include titanium and titanium alloys, nickel-based
alloys and superalloys, grain-oriented electrical steel, stainless
and specialty steels, zirconium, hafnium, and niobium, tungsten
materials, and forgings and castings. The Allegheny Technologies
website is www.ATImetals.com.
UNITI is a joint venture of Allegheny Technologies Incorporated
(ATI) from the United States and Verkhnaya Salda Metallurgical
Production Association (VSMPO) of Russia, two leading global
titanium producers. UNITI is a supplier of titanium mill products
primarily for industrial markets, including power generation,
petrochemical, desalination, and other industrial applications.
UNITI does not supply aerospace, military or medical products.
These products continue to be produced and sold by UNITI’s
partners. The unmatched capabilities of UNITI stem from the
synergistic combination of the raw material, melting, hot rolling,
finishing, research, and technology resources of the two companies.
The UNITI website is www.Uniti-titanium.com.
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