forging the future of high performance metals the future of high performance metals ... frequent...
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Forging the Future of High Forging the Future of High Performance MetalsPerformance Metals
7th International Special & Stainless Steel Summit10-12 November 2008
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In Continuous Operations in the Same Location for 95 Years –exceptional in North American steel industry
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Headquarters
Processing Centers
Warehouses
Sales Agencies
GLOBAL REACH, GLOBAL VIEWGLOBAL REACH, GLOBAL VIEW
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Specializing in Specializing in
vacuum induction melted & vacuum induction melted &
vacuum arc vacuum arc remeltedremelted alloys alloys
for lifefor life--critical applicationscritical applications
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TRANSFORMATIONTRANSFORMATION
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SELLING GLOBALLYSELLING GLOBALLYFrom the manufacturing business in Latrobe, Pennsylvania
SOURCING GLOBALLY SOURCING GLOBALLY For the distribution business in North America
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Leader in Remelted Specialty Steels & Alloys
Superior technology, process and metallurgical expertise
Established reputation for quality & customer service
Broad product offering – over 350 niche alloys
Extensive Quality Agreements
ISO 9001: 2000
AS 9100
NADCAP
Vendor Manufacturing Agreements with Agusta, Goodrich, Messier-Dowty
Critical Rotating Part Vendor Agreements with Bell, Boeing, GE, RR,
SNECMA, UT
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Adding Value throughAdding Value through
TECHNOLOGYTECHNOLOGYQUALITYQUALITYSERVICESERVICE
Investing in People
Investing in Technology
Investing in Modern Manufacturing
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NEW VACUUM MELTING CAPACITY COMING NEW VACUUM MELTING CAPACITY COMING ON STREAM F0URTH QUARTER 2008ON STREAM F0URTH QUARTER 2008
VIMMelt capacity will triple to 27,000 tonsTwo 30-ton vacuum induction melting furnaces
VARExpanding from 13 to 17 VARs
Finishing of VIM-VAR ProductsBar peeler capacity expansion
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FIRST MELT FIRST MELT ---- September 2008September 2008Groundbreaking to first melt in 10 monthsGroundbreaking to first melt in 10 months
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SERVING NEW MARKETS IN 2008SERVING NEW MARKETS IN 2008
Opened Chinese sales office
Acquired metals distributor in energy market
Seeking opportunities in
Diversification and
Vertical integration
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DISTRIBUTIONDISTRIBUTION•Extensive North American Service Centers
•Products
•High speed & Tool Steels
•SBQ
•Stainless Steels
•Powder Metals
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DISTRIBUTION CAPABILITIESDISTRIBUTION CAPABILITIES
Milling, Grinding, Saw Cutting, CNC Machining, Bar Straightening and Peeling, Boring
Opportunities to add value to your products in plate, flat bar, rounds and sheet
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Industry leading expertise in processing titanium and super alloys
•Press•GFM•Bar, rod and wire rolling
CONVERSION & TOLL SERVICESCONVERSION & TOLL SERVICES
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Revenue - Latrobe Specialty Steel
'85 '87 '89 '91 '93 '95 '97 '99 '01 '03 '05 '07 '09E
Reve
nue
($M
) General Recession
Asian Flu
Raw MaterialExplosion,
Strong Euro
Weak Euro
9/11
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AEROSPACE CHALLENGESAEROSPACE CHALLENGES
• Engineering-Intensive
• Product Liability Exposure
• Testing Requirements
• Cyclicality
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••NEW HORIZONSNEW HORIZONS
• New Product Strategies Power Generation Oil & Gas Titanium Internally Manufactured Externally Sourced
• Value Added Strategies Processing Capabilities High Technical Expertise Service Differentiation
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Global
Domestic
International
BroadRange
SingleProduct
Multi-Product
Industry Structure
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Global
Domestic
International
BroadRange
SingleProduct
Multi-Product
PRP/VDM PCC/SMC
Corus LatrobeLatrobe
RSM
Gloria
Crucible
Valbruna
Hitachi
ATI Carpenter
Boehler S&B,DEW,Finkl
A&D- Erasteel
Industry Structure
USAP
Daido
S 5 et al.
Ellwood
Haynes
RTI
Timet
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Threshold Players
Global MetalsPlayers
FocusedPlayers
Global
Domestic
International
BroadRange
SingleProduct
Multi-Product
Industry Structure