RTI Announces Supply Agreement.NILES, Ohio Niles is a city in Trumbull County, Ohio, United States. Located in the nation's former industrial belt, the city's economy focused initially on iron manufacturing but later diversified to include steel and glass production. -- RTI International RTI International was established in 1958 as Research Triangle Institute, the founding tenant of North Carolina’s Research Triangle Park. RTI was founded as part of a larger effort to harness the intellectual capital of the area’s three major universities— North Metals, Inc., (NYSE NYSE See: New York Stock Exchange :RTI RTI - Return from interrupt ) announced today that it has entered into a new contract with Sumitomo Titanium Company ("STC STC Supplemental Type Certificate (FAA) STC Society for Technical Communication STC Subject to Change STC Surf the Channel (website) STC Sound Transmission Class STC Singapore Turf Club ") of Japan for the long term supply of titanium sponge. STC has been a principal supplier to RTI since 1991. Under the new agreement, which runs through 2016, STC will supply up to 13 million pounds annually, beginning in 2009. RTI has agreed to purchase a minimum of 10 million pounds annually for the first five years thereafter. During the latter years of the contract, quantities can be reduced by the election of various options by both parties. Prices will continue to be negotiated annually. RTI International Metals([R]), headquartered in Niles, Ohio, is one of the world's largest producers of titanium. Through its various subsidiaries, RTI manufactures and distributes titanium and specialty metal mill products, extruded shapes, formed parts and engineered systems for aerospace, industrial, defense, energy, chemical and consumer applications for customers around the world. To learn more about RTI International Metals, Inc., visit our website at www.rtiintl.com. |
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