Germany-based TITAL is a leader in titanium and aluminum structural castings for aircraft engines and airframes. Its revenues from titanium are expected to increase by 70 percent over the next five years as manufacturers of next-generation jet engines look to titanium solutions for engine structural components. Titanium can withstand extreme high heat and pressure, and is a lighter-weight alternative to steel, providing increased energy efficiency and improved performance. These engines are used on large commercial aircraft, including wide- and narrow-body airplanes. Engines for narrow-body aircraft are among the top selling jet engines in the world.
“This acquisition is the next step in building a powerful aerospace growth engine,” said Klaus Kleinfeld, Alcoa chairman and CEO. “As a fast-growing innovator, TITAL will increase our share of highly differentiated content on the world’s best-selling jet engines. The company’s talent and customer relationships will boost Alcoa’s expanding global aerospace leadership as we meet the future needs of our customers.”
Source: Alcoa
