RTI project delays

RTI International Metals is delaying its expansion projects by up to a year in light of the current economic uncertainties and the overall short-term softening in demand for titanium. RTI had initially planned to open two new facilities, a forging and rolling plant in Virginia and a sponge plant in Mississippi, in 2010. The company now expects its expansion projects to be operational in 2011 and anticipates that the majority of its capital expenditures related to these facilities will occur in late 2009 and throughout 2010.
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