ATI to expand aerospace iso-thermal forging capacity

Allegheny Technologies Inc. (NYSE: ATI) has announced that its board of directors has approved an investment to expand its iso-thermal forging and heat treating capacities to satisfy growing demand from the aerospace jet engine market, the company said.

This self-funded, multi-year expansion of approximately USD 95 million represents ATI´s fourth iso-thermal press which, along with the associated heat treating expansion, will be located at the company´s iso-thermal forging center of excellence in Cudahy, WI. The investment will take approximately 3 years to complete and fully qualify for aerospace-related production.

ATI is a global manufacturer of technically advanced specialty materials and complex components.