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Titanium Metals Snapshot
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. The industry accounts for well more than half of TIMET's business. Dallas billionaire Harold Simmons, through controlled companies like Contran, Valhi, and other entities, controls a majority stake in the company.
