UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June 26, 2006
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Allegheny Technologies Incorporated
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(Exact name of registrant as specified in its charter)
Delaware 1-12001 25-1792394
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1000 Six PPG Place, Pittsburgh, Pennsylvania 15222-5479
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 394-2800
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N/A
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(Former name or former address, if changed since last report).
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01. Other Events
On June 26, 2006, Allegheny Technologies Incorporated announced that its
Board of Directors has approved a greenfield premium-grade titanium sponge
facility to be built in Rowley, UT with an annual capacity of 24 million pounds.
This $325 million investment is aimed at increasing ATI's capacity to produce
titanium alloys for aerospace and defense applications. Premium-grade sponge is
essential for many aerospace applications, including rotating quality titanium
alloys used for new jet engines and spare parts. ATI expects initial production
to begin in the third quarter 2008.
This Phase IV titanium expansion brings ATI's projected total annual
titanium sponge capacity to approximately 40 million pounds. ATI previously
announced three titanium sponge capacity increases at its Albany, OR facility
amounting to 16 million pounds per year.
The Board's approval of the Phase IV expansion is contingent upon the
satisfactory completion of appropriate arrangements relating to the acquisition
of and use of property, incentives from the State of Utah and the County of
Tooele, and the supply of raw materials and utilities.
A copy of the press release is attached as Exhibit 99.1 to this Report on Form
8-K.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 Press release dated June 26, 2006
SIGNATURE
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ALLEGHENY TECHNOLOGIES INCORPORATED
By: /s/ Richard J. Harshman
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Richard J. Harshman
Executive Vice President, Finance and
Chief Financial Officer
Dated: June 26, 2006
EXHIBIT INDEX
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Exhibit 99.1 Press release dated June 26, 2006