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Article: Producers Target Growth Markets.(Allegheny Technologies Inc.)
- Article from:
- Design News
- Article date:
- September 1, 2009
- Author:
CopyrightCOPYRIGHT 2009 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Doug Smock
New metals target aircraft, solar applications
Advanced American materials manufacturers are accelerating their move away from auto manufacturing.
In 2003, for example, Allegheny Technologies Inc. committed 12 percent of its $1.9 billion in annual sales to the automotive market. The percentage dropped to nine in 2008 as total overall sales boomed to $5.6 billion. ATI's three most important markets are aerospace and defense at 28 percent, up from 23 percent; chemical process industries, 23 percent, up from 11; and electricity generation at 16 percent, up from 11. Emphasis is on differentiated specialty products made of titanium, ...