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ATI Announces New $70 Million Expansion of Monroe Operations at Paris Air Show

16 June 2015

Allegheny Technologies Incorporated, known as ATI (www.ATImetals.com) announced today at the Paris Air Show that they will invest approximately $70 million in new building and new equipment at their complex inMonroe, North Carolina.

Allegheny Technologies is one of the world’s largest and most diversified specialty materials and components producers. ATI’s major markets include aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, and construction and mining. ATI’s aerospace business is led from its operations based in Monroe, North Carolina.
 
Richard J. Harshman, Chairman, President and CEO of ATI and Hunter R. Dalton, Executive Vice President, ATI High Performance Specialty Materials Group met with NC Secretary of Commerce Skvarla and Chris Platé, Executive Director of Monroe-Union County Economic Development today at the International Paris Air Show to make the announcement.
 
“The positive business environment and employee work ethic in the region were key factors in the selection of Union County for the expansion,” said Mr. Harshman. “These favorable conditions enable us to focus on growing our product portfolio to create value for our global customers and shareholders, and execute our strategy to enhance our specialty materials capabilities with a relentless focus on innovation. Our confidence in North Carolina is validated by our investment that now exceeds $300 million dollars during the last decade.”
 
Mr. Dalton noted, “For over 50 years we have had an operating base in North Carolina and have successfully executed multiple aerospace materials expansion projects. We are pleased that the economic development and public sector leadership of the State of North Carolina, Union County and the City of Monroe continue to recognize ATI as a valued corporate partner as ATI, once again, expands our Monroe area operations.”
 
“With ATI Specialty Materials’ announcement to add $70 million in new investment and 70 jobs, Monroe continues to be a significant player in the international aerospace arena,” stated Chris Platé, Executive Director of Economic Development. “This investment is a testament of the company’s belief in the strength of the workforce and the community to enable them to compete on a global stage.”
 
“Union County has a strong presence of aerospace manufacturers,” said Senator Tommy Tucker. “ATI’s expansion supports that commitment to further growing the aerospace sector in our region.”
 
ATI’s project, known as PIPE, was a successful existing industry expansion. The City of Monroe and Union County received significant assistance from the NC Department of Commerce, the Economic Development Partnership of North Carolina, the NC Rural Center, Golden Leaf and the NC Community College System to successfully secure this project.
 
For more information, please contact Monroe-Union County Economic Development at (704) 282-5780
or go to www.developunion.com.


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