Titanium Metals Corporation, or most commonly referred to as TIMET, a shortened version of "TItanium METals" that is a registered company trademark. TIMET, founded in 1950, is an American manufacturer of
titanium-based metals products, focusing primarily on the
aerospace industry headquartered in
Warrensville Heights, Ohio. Its major U.S. operations are based in
Morgantown, Pennsylvania;
Henderson, Nevada
Henderson is a city in Clark County, Nevada, United States, about southeast of downtown Las Vegas. It is the second largest city in Nevada, after Las Vegas, with an estimated population of 320,189 in 2019. The city is part of the Las Vegas Vall ...
;
Vallejo, California; and
Toronto, Ohio. Its overseas operations are primarily based in the
United Kingdom (in
Waunarlwydd and
Witton) and in
France (in the village of
Ugine).
In September, 2007, TIMET entered into a ten-year supply agreement with United Technologies Corp (UTC). Under the agreement, TIMET would supply titanium to UTC for commercial and military aircraft and aircraft engines.
In November 2012, the company was purchased for $2.9 billion by
Precision Castparts Corp.
Precision Castparts Corp. is an American industrial goods and metal fabrication company that manufactures investment castings, forged components, and airfoil castings for use in the aerospace, industrial gas turbine, and defense industries. In ...
(PCC) and now operates under the PCC Metals Group Division.
In January 2016, Precision Castparts Corp. became a
subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...
of
Berkshire Hathaway.
References
Titanium companies
Metal companies of the United States
Companies formerly listed on the New York Stock Exchange
Manufacturing companies based in Dallas
Toronto, Ohio
2012 mergers and acquisitions
Berkshire Hathaway
American corporate subsidiaries
{{US-manufacturing-company-stub