-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CUGwB1lG07vzLPwGd0+uiA8VDC7NjnBdyGvXS/zFOBKPQ8WUtWYtOBKjUPFZDVoy vgsk2LFga0mPz9Wk2Grjww== 0001157523-06-002786.txt : 20060317 0001157523-06-002786.hdr.sgml : 20060317 20060317083159 ACCESSION NUMBER: 0001157523-06-002786 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060317 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060317 DATE AS OF CHANGE: 20060317 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLEGHENY TECHNOLOGIES INC CENTRAL INDEX KEY: 0001018963 STANDARD INDUSTRIAL CLASSIFICATION: STEEL PIPE & TUBES [3317] IRS NUMBER: 251792394 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12001 FILM NUMBER: 06694063 BUSINESS ADDRESS: STREET 1: 1000 SIX PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 4123942800 MAIL ADDRESS: STREET 1: 100 SIX PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 FORMER COMPANY: FORMER CONFORMED NAME: ALLEGHENY TELEDYNE INC DATE OF NAME CHANGE: 19960716 8-K 1 a5104727.txt ALLEGHENY TECHNOLOGIES INCORPORATED 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 17, 2006 --------------------------- Allegheny Technologies Incorporated - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-12001 25-1792394 - ------------------------------------------------------------------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1000 Six PPG Place, Pittsburgh, Pennsylvania 15222-5479 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (412) 394-2800 --------------------------- N/A - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report). Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01. Other Events On March 17, 2006, Allegheny Technologies Incorporated announced the Phase II expansion of its titanium production capabilities. A copy of the press release is attached as Exhibit 99.1 to this Report on Form 8-K. Item 9.01. Financial Statements and Exhibits (c) Exhibits Exhibit 99.1 Press release dated March 17, 2006 SIGNATURE --------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ALLEGHENY TECHNOLOGIES INCORPORATED By: /s/ Jon D. Walton --------------------------------------- Jon D. Walton Executive Vice President, Human Resources, Chief Legal and Compliance Officer Dated: March 17, 2006 EXHIBIT INDEX ------------- Exhibit 99.1 Press release dated March 17, 2006 EX-99.1 2 a5104727ex991.txt EXHIBIT 99.1 PRESS RELEASE Exhibit 99.1 Allegheny Technologies Announces Phase II Expansion of its Titanium Capabilities PITTSBURGH--(BUSINESS WIRE)--March 17, 2006--Allegheny Technologies Incorporated (NYSE:ATI) announced today the Phase II expansion of its titanium production capabilities. These investments, which total approximately $25 million, are aimed at increasing ATI's capacity to produce titanium and titanium alloys for aerospace applications and other robust global markets. The Phase II expansion includes: -- Additional titanium sponge capacity. ATI expects to add 3.75 million pounds of titanium sponge to its annual production capabilities beginning in the first half 2007. In combination with the Phase I sponge investment, this brings ATI's total annual sponge capacity to approximately 11.25 million pounds. Titanium sponge is a critical raw material used to produce titanium mill products. -- Additional vacuum arc remelt (VAR) capacity. ATI expects this new furnace to be in production by the end of the first quarter 2007. Titanium sponge, combined with titanium scrap and master alloy, is melted in a VAR to produce a titanium alloy ingot. "We expect an additional $100 million of annual revenue growth with attractive after-tax returns from the Phase II expansion of our titanium production capabilities when fully implemented in the second quarter 2007," said Patrick Hassey, Chairman, President and Chief Executive Officer of Allegheny Technologies. "These titanium investments are a continuation of ATI's strategy to grow our high-value products capabilities. "We believe ATI's long-term growth prospects for titanium mill products remain very attractive. We continue to evaluate further options for additional organic growth of ATI's titanium sponge and melting capabilities. ATI has an unparalleled combination of assets for finishing titanium products, and we believe we are uniquely positioned to grow fast in the global titanium market." Phase I expansion of ATI's titanium production capabilities was announced on July 15, 2005, and is expected to generate more than $200 million in new revenue when fully implemented in 2007. The Phase I expansion represents a $100 million strategic capital investment that includes: upgrading and restarting ATI's titanium sponge facility, constructing a third plasma arc melt cold-hearth furnace, expanding high-value plate products capacity by 25%, and continued upgrading of ATI's cold-rolling assets used in producing titanium sheet and strip products. ATI now targets a total of $225 - $250 million of capital investments in 2006 in a self-funded growth strategy. This news release contains forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Allegheny Technologies' filings with the Securities and Exchange Commission. Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of over $3.5 billion in 2005. ATI has approximately 9,300 full-time employees world-wide who use innovative technologies to offer growing global markets a wide range of specialty metals solutions. Our major markets are aerospace, defense, chemical process industry/oil and gas, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining. Our products include nickel-based alloys and superalloys, titanium and titanium alloys, stainless and specialty steels, zirconium, hafnium, and niobium, tungsten materials, grain-oriented silicon electrical steel and tool steels, and forgings and castings. The Allegheny Technologies website is www.alleghenytechnologies.com. CONTACT: Allegheny Technologies Incorporated Dan L. Greenfield, 412-394-3004 -----END PRIVACY-ENHANCED MESSAGE-----