Girish Mahajan (Editor)

RTI International Metals

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Type
  
Public

Website
  
www.rti-intl.com

Founded
  
1950

Traded as
  
NYSE: RTI

Number of employees
  
1,362

Parent organizations
  
Alcoa, Arconic Inc

RTI International Metals 3dprintcomwpcontentuploads201507RTIInterna

Industry
  
Titanium alloy production

Products
  
Titanium sponge; titanium alloy ingot, sheet, strip, billet, plate, tube

Revenue
  
US$505.39 million (2006)

Headquarters
  
Pittsburgh, Pennsylvania, United States

Subsidiaries
  
RTI Claro Inc, BowSteel Corp, RMI Titanium Co

Rti international metals inc


RTI International Metals (RMI Titanium Company Inc.(Reactive Metals Inc.)) which was founded in 1950, is a leading US producer of titanium mill products and fabricated metal components for the global market. Through its various subsidiaries, RTI manufactures and distributes titanium and specialty metal mill products, extruded shapes, formed parts and engineered systems for aerospace, industrial, defense, energy, chemical and consumer applications for customers around the world. The company is commonly referred to simply as RTI. The vice chairman, president and chief executive officer is Dawne Hickton.

Contents

Its major U.S. operations are based at its Pittsburgh headquarters with facilities in Martinsville, Virginia; Niles, Ohio; Canton, Ohio; Salt Lake City, Utah; Road Spring, Texas; Houston, Texas; Washington, Missouri; Windsor, Connecticut; Garden Grove, California; Indianapolis, Indiana; Sullivan, Missouri; and Montreal, Canada. Its overseas operations are based in the United Kingdom, Germany, France, Italy, and China.

In March, 2015, RTI International Metals, Inc. was acquired by Alcoa in a stock-for-stock transaction valued at $1.5 billion.

On Nov 10, 2005, RTI International Metals, Inc. restated its consolidated statement of cash flows for 2004 form 10-K and March 31 and June 30, 2005, Forms 10-Q, due to a newly founded error in the manner in which the company previously classified cash flows from the tax effects of the exercise of employee stock options.

In 2007, the company was ranked 7th on CNNMoney.com's list of the United States' 100 fastest growing companies.

RTI announced plans in 2007 to build a new premium-grade sponge plant contiguous to the Tronox plant in Hamilton, Mississippi. In 2010, RTI announced that it would indefinitely idle its plans to construct the plant in favor of two long-term contracts with Toho Titanium Co., Ltd. and OSAKA Titanium Technologies.

RTI International also has a plant in Laval, Quebec (Canada) called RTI Claro.

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References

RTI International Metals Wikipedia