Titanium Metals Corporation
Titanium Metals Corporation, or TIMET, founded in 1950, is an American manufacturer of titanium-based metals products, focusing primarily on the aerospace industry. In November 2012, the company was purchased for $2.9 billion by Precision Castparts Corp.(PCC) and now operates under the PCC Metals Group Division. In January 2016, Precision Castparts Corp. became a subsidiary of Berkshire Hathaway.
|Subsidiary of Precision Castparts Corp.|
|Traded as||NYSE: TIE (when traded)|
|Industry||Titanium alloy production|
Stephen P. Fox
(Vice President Quality & Technology)
|Products||Titanium sponge; titanium alloy ingot, sheet, strip, billet, plate, tube|
|Revenue||US$1.26 billion (2007)|
Number of employees
|Parent||Precision Castparts Corp.|
Its major U.S. operations are based in Morgantown, Pennsylvania; Henderson, Nevada; Vallejo, California; and Toronto, Ohio. Its overseas operations are primarily based in the United Kingdom (in the cities of Waunarlwydd and Witton) and in France (in the village of Ugine). The company's current headquarters are located in Exton, Pennsylvania.
The company is most commonly referred to as TIMET, a shortened version of "TItanium METals" that is a registered company trademark.
In September, 2007, TIMET entered into a ten-year supply agreement with United Technologies Corp (UTC). Under the agreement, TIMET would supply titanium to UTC for commercial and military aircraft and aircraft engines.
- Read, Richard (November 9, 2012). "Precision Castparts to acquire Titanium Metals in $2.9 billion deal". The Oregonian. Retrieved November 9, 2012.
- Rogoway, Mike (January 30, 2016) [first published online January 29]. "Precision Castparts' $37B sale finalized". The Oregonian. p. C8. Retrieved 2016-02-02.
- "TIMET enters into long term supply agreement with UTC".
|This United States manufacturing company–related article is a stub. You can help Wikipedia by expanding it.|