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TITAL provides Alcoa with titanium casting capabilities in Europe and expands its overall aluminum casting capacity.
In 2014, TITAL generated revenues of approximately $100 million, more than half of which came from titanium products.
TITAL produces titanium and aluminum structural castings for aircraft engines and airframes.
TITAL s revenues from titanium are likely to boost by 70% over the next 5 years as manufacturers of next-generation jet engines look to titanium solutions for engine structural components.
TITAL will be the first international aluminum investment casting specialist for aircraft components to start producing castings in China.
Alcoa has unveiled plans to further boost its global aerospace operations through a definitive deal to acquire privately owned TITAL.
The new plant, which will operate under the name TITAL (Nantong) Co.
Uniontown, Ohio, TITAL Gmbh, Restwig, Germany, and TPM Inc.