On March 3, 2015, in New York, USA and Bestwig, Germany, Alcoa, a leader in lightweight, high-performance metal technology , announced that it has completed the acquisition of private company TITAL. Alcoa announced this acquisition on December 15, 2014 and has now obtained all necessary approval procedures to complete the transaction. TITAL is a leader in aircraft engine and fuselage titanium alloy and aluminum alloy castings. The acquisition will help consolidate Alcoa’s global leadership in advanced jet engine titanium alloy parts to meet growing market demand; it will enable Alcoa’s titanium alloy casting capabilities in Europe and enhance beauty at the same time. Aluminum alloy casting ability. TITAL's close relationship with European engine and aircraft manufacturers, including Airbus, Snecma and Rolls-Royce, will enhance Alcoa's customer relationships outside Europe and Europe. Olivier Jarrault, Alcoa’s executive vice president and president of the Engineering Products and Solutions Group, said: “We have brought together two leading innovation-driven companies to continue to increase the level of differentiation of our world-famous aircraft and jet engines. Share in the market. This transaction is in line with Alcoa's strategy of adding high-value-added businesses and creating more profits. Alcoa will continue to create greater value for customers, employees and shareholders." With the strength of TITAL, Alcoa can further benefit from the strong growth in demand from the commercial aircraft sector. Alcoa predicts that by 2019, the average annual compound growth rate of commercial jet aircraft will be 7%. According to the delivery schedule in 2014, Alcoa's current orders must be scheduled for 8 years. By 2019, about 70% of TITAL's revenue is expected to come from commercial aviation sales. In the next five years, TITAL's income from titanium products is expected to increase by 70% due to the shift to the use of titanium alloy solutions for the next generation of jet engine structural components. In 2014, TITAL had revenue of approximately 77 million euros (approximately US$100 million), of which more than half came from titanium alloy products. Alcoa is actively integrating the two companies to promote the growth of TITAL's business. With Alcoa's global service-sharing center, as well as procurement, internal raw material supply and optimization of manufacturing processes, TITAL's productivity will be further improved. Ventilation Terminal,Variable Air Volume Terminal Boxes,Marine Air Conditioning Terminal Device,Marine Top-Mounted Air Distributor TAIXING HAITAI GLOBAL TRADE CO.,LTD , https://www.jiangsuhaitship.com
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