RTI International Metals

{{Infobox company

|name = RTI International Metals

|type = subsidiary

|foundation = 1950

|parent = Howmet Aerospace

|key_people = Dawne Hickton {{small|(CEO)}}

|location = Pittsburgh, United States

|num_employees = 1,362 (2007)

|revenue = 12px US$505.39 million (2006)

|industry = Titanium alloy production

|products = Titanium sponge; titanium alloy ingot, sheet, strip, billet, plate, tube

|homepage = [https://web.archive.org/web/20150722225930/http://www.rtiintl.com/ www.rtiintl.com] (archived July 22, 2015)

}}

RTI International Metals (RMI Titanium Company Inc.(Reactive Metals Inc.), founded in 1950, is a leading US producer of titanium mill products and fabricated metal components for the global market. Through its various subsidiaries, RTI manufactures and distributes titanium and specialty metal mill products, extruded shapes, formed parts and engineered systems for aerospace, industrial, defense, energy, chemical, and consumer applications for customers around the world. The company is commonly referred to simply as RTI. The vice chairman, president, and chief executive officer was Dawne Hickton until 2015.{{cite news |author=Len Boselovi |title=RTI trims quarterly loss, posts full-year profit |work=Pittsburgh Post-Gazette |date=February 1, 2011 |url=https://old.post-gazette.com/pg/11032/1122155-100.stm |accessdate=2012-02-24}}

Its major U.S. operations are based at its Pittsburgh headquarters with facilities in Martinsville, Virginia; Niles, Ohio; Canton, Ohio; Salt Lake City, Utah; Road Spring, Texas; Houston, Texas; Washington, Missouri; Windsor, Connecticut; Garden Grove, California; Indianapolis, Indiana; Sullivan, Missouri; and Montreal, Quebec, Canada. Its overseas operations are based in the United Kingdom, Germany, France, Italy, and China.

In March, 2015, RTI International Metals, Inc. was acquired by Alcoa in a stock-for-stock transaction valued at $1.5 billion.{{cite web | url=http://investor.rtiintl.com/press-release/alcoa-acquire-rti-international-metals-boosting-value-add-multi-material-aerospace-por | title=Howmet Aerospace }}{{Cite web |date=2015-03-10 |title=Alcoa to acquire RTI International Metals |url=https://www.aerospacemanufacturinganddesign.com/article/alcoa-acquire-rti-international-metals-031015/ |access-date=2022-12-05 |website=Aerospace Manufacturing and Design |language=en}}{{Cite web |last=LaFrentz |first=Rob |date=2015-03-09 |title=Alcoa Buys Specialty Metals Company RTI International |url=https://www.industryweek.com/the-economy/article/21964743/alcoa-buys-specialty-metals-company-rti-international |access-date=2022-12-05 |website=www.industryweek.com}}

On Nov 10, 2005, RTI International Metals, Inc. restated its consolidated statement of cash flows for 2004 form 10-K and March 31 and June 30, 2005, Forms 10-Q, due to a newly founded error in the manner in which the company previously classified cash flows from the tax effects of the exercise of employee stock options.{{cite web |url=http://rtiintl.com/en-us/Assets/pdf/pressrelease_archive/2005/RTI%20Cash%20Flow%20Restatement%2011.10.05.pdf |title=RTI International Metals, Inc. Announces Restatement of Consolidated Statement of Cash Flows}}

In 2007, the company was ranked 7th on CNNMoney.com's list of the United States' 100 fastest growing companies.{{cite news |url=https://money.cnn.com/magazines/fortune/fortunefastestgrowing/2007/snapshots/7.html |work=CNN |title=100 Fastest-Growing Companies 2007}}

RTI announced plans in 2007 to build a new premium-grade sponge plant contiguous to the Tronox plant in Hamilton, Mississippi.{{cite web |url=http://biz.yahoo.com/ap/070917/rti_international_plant.html?.v=1 |title=Yahoo Finance - Stock Market Live, Quotes, Business & Finance News}} In 2010, RTI announced that it would indefinitely idle its plans to construct the plant in favor of two long-term contracts with Toho Titanium Co., Ltd. and Osaka Titanium Technologies.{{cite web | url=http://investor.rtiintl.com/press-release/rti-announces-indefinite-idling-mississippi-sponge-project-and-signing-new-long-term-s | title=Howmet Aerospace }}

RTI International also has a plant in Laval, Quebec called RTI Claro.

References