-----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, NJTZoV41o/4KyMOavHgd+3Vf+r+wBsaosf7jJTEAJjfnzFuj6D8neWhd1/gdO7g5 O1XalgkMkqKOPS7JFJk4Ow== 0001157523-06-006284.txt : 20060622 0001157523-06-006284.hdr.sgml : 20060622 20060622113552 ACCESSION NUMBER: 0001157523-06-006284 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060622 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060622 DATE AS OF CHANGE: 20060622 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: 06918826 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 a5175300.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) June 22, 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 June 22, 2006, Allegheny Technologies Incorporated announced the Phase III 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 June 22, 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: June 22, 2006 EXHIBIT INDEX ------------- Exhibit 99.1 Press release dated June 22, 2006 EX-99.1 2 a5175300ex99_1.txt EXHIBIT 99.1 PRESS RELEASE Exhibit 99.1 Allegheny Technologies Announces Phase III Expansion of its Titanium Capabilities PITTSBURGH--(BUSINESS WIRE)--June 22, 2006--Allegheny Technologies Incorporated (NYSE:ATI) announced today a further expansion of its titanium sponge facility and melt capabilities in Albany, OR. This investment is aimed at increasing ATI's capacity to produce titanium and titanium alloys for aerospace and defense applications and for other robust global markets, such as medical, oil and gas, desalination, electrical energy, and marine transportation. The $25 million Phase III expansion includes: -- Additional titanium sponge capacity. ATI expects to add another 4 million pounds of titanium sponge to its annual production capabilities beginning in the third quarter 2007. In combination with the Phase I and Phase II sponge investments, this brings the Albany, OR annual sponge capacity to approximately 16 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 2007. Titanium sponge, combined with titanium scrap and master alloy, is melted in a VAR to produce a titanium alloy ingot. "We expect attractive after-tax returns from the Phase III expansion of our titanium production capabilities when fully implemented in the third quarter 2007," said Patrick Hassey, Chairman, President and Chief Executive Officer of Allegheny Technologies. "These investments are a continuation of ATI's strategy to grow our titanium products capabilities. "ATI is uniquely positioned to profitably grow quickly and efficiently in the global titanium market. We are adding to our titanium raw material supply and our unequaled melt capabilities. In addition, we have an unparalleled combination of assets for finishing titanium products." ATI previously announced two phases of its titanium products expansion, now expected to yield approximately 12 million pounds of titanium sponge and a significant increase in titanium melting capacity: 1. Phase I expansion of ATI's titanium production capabilities was announced on July 15, 2005, and includes: upgrading and restarting ATI's titanium sponge facility in Albany, OR, constructing a third Plasma Arc Melt (PAM) cold-hearth furnace in Bakers, NC, 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. 2. Phase II expansion of ATI's titanium production capabilities was announced on March 17, 2006, and includes: additional titanium sponge capacity at ATI's facility in Albany, OR, and constructing an additional vacuum arc remelt furnace (VAR) in Bakers, NC. ATI now targets a total of $250 - $275 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. Building the World's Best Specialty Metals Company(TM) Allegheny Technologies Incorporated is one of the largest and most diversified specialty metals producers in the world with revenues of $3.7 billion during the most recent four quarters ending March 31, 2006. 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 and 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 titanium and titanium alloys, nickel-based alloys and superalloys, 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-----