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Timet, Haynes sign 20-year agreement for flat products.

Publication: American Metal Market
Publication Date: 21-NOV-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Timet, Haynes sign 20-year agreement for flat products.(Titanium Metals Corp. and Haynes International Inc. deal)

Article Excerpt
LOS ANGELES -- The latest major capacity expansion move in the titanium industry is taking place in downstream processing as Titanium Metals Corp. moves to boost its output of sheet and plate through a processing tie-up with another producer.

Dallas-based Timet has agreed to pay an up-front fee of $50 million to high-performance alloys producer Haynes International Inc. in exchange for Haynes' commitment to provide capacity...

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