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BWR Begins Tracking Titanium Metals Corp.

Publication: M2 Presswire
Publication Date: 30-NOV-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 November 2006-bellwetherreport.com: BWR Begins Tracking Titanium Metals Corp.(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:30112006

BWR Begins Tracking Titanium Metals Corp. (NYSE:TIE)

Titanium Metals (TIMET) is soaking up sales with its titanium sponge. Along with titanium sponge (primary titanium), the company makes melted, mill, and fabricated titanium products. Titanium is a lightweight metal used by commercial and military aerospace manufacturers and the power generation, pollution control, and auto industries. TIMET's aerospace customers, which include Boeing, Rolls-Royce, and United Technologies, use titanium for applications such as jet engine components and wing supports. TIMET operates production facilities in the US and Europe. Dallas billionaire Harold Simmons controls a majority stake in the company.

Shares were up 6% after announcing it will pay Haynes International Inc. $50 million to process titanium at Haynes' Kokoma, Ind., mill under a 20-year...

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