Allegheny Technologies Incorporated has declared that it is taking rightsizing actions to align its Flat Rolled Products (FRP) operations to the challenging business conditions for its commodity products. The actions improve ATI’s focus on differentiated flat-rolled products that serve growing global markets.
Specific actions declared include: Idling of the standard stainless melt shop and sheet finishing operations at the Midland, PA facility, which is expected to be completed in January 2016 and idling of grain-oriented electrical steel (GOES) operations, including the Bagdad, PA facility, which is expected to be completed by April 2016.
“The actions announced today simplify and streamline our FRP operations and better focus our efforts on the products and global markets that require and value ATI’s technical and manufacturing capability leadership. The Hot-Rolling and Processing Facility (HRPF) enables ATI to grow our high-value product lines, such as nickel-based and specialty alloys, titanium and titanium alloys, Precision Rolled Strip® products and engineered strip. These differentiated products serve key global markets including Aerospace and Defense, Oil & Gas/Chemical and Hydrocarbon Processing Industry, Electrical Energy, Consumer Electronics, and Automotive.” said Rich Harshman, Chairman, President and CEO.
