RTI Canton Ohio Power Outage

Before you go, we thought you'd like these...
Before you go close icon

RTI Canton Ohio Power Outage

PITTSBURGH--(BUSINESS WIRE)-- RTI International Metals, Inc. (NYS: RTI) , experienced a fire yesterday in an electrical transformer at RTI Alloys in Canton, Ohio. There were no injuries and no damage to any manufacturing equipment or customer products. Management is currently evaluating this situation with the local power supplier to determine when power can be reestablished, which should occur before the end of this month. This incident will not impact titanium mill product shipments. However, the third quarter operating income for the Titanium Group may be negatively impacted by approximately $1.25 million to $1.75 million.

RTI Alloys performs melting operations similar to those undertaken at RTI Niles. All manufacturing activity currently scheduled for RTI Alloys will be shifted to RTI Niles which has the capacity to accommodate this temporary shift. Consequently, management expects no impact to any customer delivery schedules.


Company Description

RTI International Metals, Inc., headquartered in Pittsburgh, specializes in advanced titanium, meeting the requirements of the world's most technologically sophisticated applications in commercial aerospace, defense, propulsion, medical device, energy, industrial, and chemical markets. For over 60 years, RTI has been taking titanium further through advanced manufacturing, engineering, machining, and forming processes. RTI delivers titanium mill products, extruded shapes, form-ready parts, and highly engineered components through our downstream integrated supply chain. RTI has locations in the United States, Canada, Europe, and Asia.



RTI International Metals, Inc.
Richard E. Leone, Director - Investor Relations, 330-544-7622
rleone@rtiintl.com

KEYWORDS:   United States  North America  Ohio  Pennsylvania

INDUSTRY KEYWORDS:

The article RTI Canton Ohio Power Outage originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners