In September, 2007, TIMET entered into a ten-year supply agreement with United Technologies Corp (UTC). Under the agreement, TIMET would supply titanium to UTC for commercial and military aircraft and aircraft engines.[3]
In November 2012, the company was purchased for $2.9 billion by Precision Castparts Corp.(PCC) and now operates under the PCC Metals Group Division.[4] In January 2016, Precision Castparts Corp. became a wholly owned subsidiary of Berkshire Hathaway.[1]
Referencesedit
^ abRogoway, Mike (January 30, 2016) [first published online January 29]. "Precision Castparts' $37B sale finalized". The Oregonian. p. C8. Retrieved 2016-02-02.
^Read, Richard (November 9, 2012). "Precision Castparts to acquire Titanium Metals in $2.9 billion deal". The Oregonian. Retrieved November 9, 2012.
^"TIMET enters into long term supply agreement with UTC".
^Read, Richard (November 9, 2012). "Precision Castparts to acquire Titanium Metals in $2.9 billion deal". The Oregonian. Retrieved November 9, 2012.
This United States manufacturing company–related article is a stub. You can help Wikipedia by expanding it.
titanium, metals, corporation, titanium, metals, redirects, here, metal, titanium, compounds, titanium, alloys, other, uses, titanium, disambiguation, most, commonly, referred, timet, shortened, version, titanium, metals, that, registered, company, trademark, . Titanium Metals redirects here For metal titanium compounds see titanium alloys For other uses see titanium disambiguation Titanium Metals Corporation or most commonly referred to as TIMET a shortened version of TItanium METals that is a registered company trademark TIMET founded in 1950 is an American manufacturer of titanium based metals products focusing primarily on the aerospace industry headquartered in Warrensville Heights Ohio Its major U S operations are based in Morgantown Pennsylvania Henderson Nevada Vallejo California and Toronto Ohio Its overseas operations are primarily based in the United Kingdom in Waunarlwydd and Witton and in France in the village of Ugine Titanium Metals CorporationCompany typeSubsidiaryTraded asNYSE TIE further explanation needed IndustryTitanium alloy productionFounded1950 74 years ago 1950 HeadquartersWarrensville Heights Ohio United StatesKey peopleSteve Wright President Stephen P Fox Vice President Quality amp Technology ProductsTitanium sponge titanium alloy ingot sheet strip billet plate tubeRevenueUS 1 26 billion 2007 OwnerBerkshire Hathaway since 2016 1 Number of employees2 530 2007 ParentPrecision Castparts Corp since 2012 2 Websitewww wbr timet wbr com In September 2007 TIMET entered into a ten year supply agreement with United Technologies Corp UTC Under the agreement TIMET would supply titanium to UTC for commercial and military aircraft and aircraft engines 3 In November 2012 the company was purchased for 2 9 billion by Precision Castparts Corp PCC and now operates under the PCC Metals Group Division 4 In January 2016 Precision Castparts Corp became a wholly owned subsidiary of Berkshire Hathaway 1 References edit a b Rogoway Mike January 30 2016 first published online January 29 Precision Castparts 37B sale finalized The Oregonian p C8 Retrieved 2016 02 02 Read Richard November 9 2012 Precision Castparts to acquire Titanium Metals in 2 9 billion deal The Oregonian Retrieved November 9 2012 TIMET enters into long term supply agreement with UTC Read Richard November 9 2012 Precision Castparts to acquire Titanium Metals in 2 9 billion deal The Oregonian Retrieved November 9 2012 nbsp This United States manufacturing company related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Titanium Metals Corporation amp oldid 1157908543, wikipedia, wiki, book, books, library,
