ATI Celebrates Commissioning of New Press Critical to Titanium Production
ATI Celebrates Commissioning of New Press Critical to Titanium Production
PR Newswire
BAKERS, N.C., March 19, 2024
Senator Ted Budd commemorated event at ATI in Bakers, North Carolina
BAKERS, N.C., March 19, 2024 /PRNewswire/ -- ATI Inc. (NYSE: ATI) celebrated the commissioning of its state-of-the-art 12,500-ton billet forging press critical to production of titanium for aerospace and defense. The Bakers South II press, known as BSOII, came online in Q1-2024 to match ATI's increased titanium melt capacity, delivering increased capability for the manufacture of high-performance, challenging-to-make novel alloys.
"Nearly six decades after establishing our operations here, we are excited to continue to expand our capabilities in Bakers, North Carolina," said Kim Fields, ATI President and Chief Operating Officer. "BSOII delivers 25% greater tonnage than our legacy press, at the closest possible tolerances. With precision and speed, we're meeting the demanding technical requirements for latest-generation cast materials critical to high-temperature jet engines."
After a ribbon-cutting ceremony with some of the over 1,500 ATI employees who work in North Carolina, U.S. Senator Ted Budd (NC) witnessed the powerful press in action. "Part of what makes our nation strong is having a strong national defense," said Senator Budd. "It's having strong providers and suppliers – companies like ATI – in that supply chain. Thanks to ATI for keeping our supply chain strong."
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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ati-celebrates-commissioning-of-new-press-critical-to-titanium-production-302093484.html
SOURCE ATI
-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings
-
Markets Brief: Inflation Back in the Spotlight
-
AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?
-
What’s Happening In the Markets This Week
-
3 Dividend Stocks for June 2024
-
After Earnings, Is Alibaba Stock a Buy, Sell, or Fairly Valued?
-
MongoDB Earnings: Slashing Valuation as Execution and Macro to Blame for Lower Guidance
-
Marvell Earnings: We Raise Our Medium-Term AI Forecast and Bring Our Valuation Up to $75
-
Zscaler Earnings: Impressive Traction in Emerging Products Drives Sales Growth for the Quarter
-
Dell Earnings: Raising Valuation on Strong AI, but the Stock Remains Severely Overvalued
-
After Earnings, Is Nvidia Stock a Buy, Sell, or Fairly Valued?
-
The 10 Best Companies to Invest in Now