What does TIMET make?
TIMET produces industrial and aerospace quality plate products.
What happened Titanium Metals?
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. In January 2016, Precision Castparts Corp. became a subsidiary of Berkshire Hathaway.
What industry is TIMET?
Welcome to TIMET Since 1950, TIMET has been leading the industry in mill and melted products, supplying nearly one-fifth of the world’s titanium. We are the only supplier with production facilities in both the United States and Europe to support our multinational customer base.
Who is the CEO of TIMET?
Christian Léonhard was named President and Chief Operating Officer of TIMET. Christian Léonhard, age 59, has served as President and Chief Operating Officer – Europe since November 2005 and Chief Operating Officer – Europe since 2002. Mr.
Who bought Timet?
Precision Castparts
Precision Castparts Buys Timet for $2.9 Billion.
Is titanium a non metal?
titanium (Ti), chemical element, a silvery gray metal of Group 4 (IVb) of the periodic table. Titanium is a lightweight, high-strength, low-corrosion structural metal and is used in alloy form for parts in high-speed aircraft.
Why is titanium a poor conductor of electricity?
Titanium has its outer shell completely filled, but the next one down partially filled. The electrons are somewhat available to share, but are a bit more closely associated with the nucleus. This makes titanium a worse conductor than copper or aluminum.
How many employees does Timet have?
2,5302007
Titanium Metals Corporation/Number of employees
When did PCC buy Timet?
(Acquisition Sub), a wholly-owned subsidiary of PCC, since December 21, 2012. Acquisition Sub, as the owner of more than 90% of the outstanding shares of Timet common stock, completed a short-form merger with Timet on January 7, 2013, as a result of which Timet became a wholly-owned subsidiary of PCC.
Can you invest in titanium?
The best titanium stocks to buy include titanium alloy manufacturers for industrial applications and chemical manufacturers that serve various industrial and consumer markets. Both approaches represent intriguing long-term opportunities for individual investors looking to gain exposure to the titanium market.
Why isn’t titanium used more widely?
This is due largely to its rarity. While not necessarily considered “rare,” titanium is rarer than other metals, resulting in a higher selling price.