FOR IMMEDIATE RELEASE AUGUST 7, 2001
Contact:
Richard E. Leone Manager
Investor Relations
330 544 7622
RMI TITANIUM COMPANY ANNOUNCES PRICE INCREASES
FOR TITANIUM MILL PRODUCTS
Niles, Ohio – RMI Titanium Company announced that it is increasing prices on new orders for commercially pure and alloy grade titanium products effective immediately. The increases will range from 5% to 15%.
"These increases are needed at this time to cover increasing raw material costs and to allow for reinvestment in our business," said John Odle, Executive Vice President.
RMI Titanium Company is a wholly owned subsidiary of RTI International Metals, Inc., (NYSE: RTI). RTI, headquartered in Niles, Ohio, through its various subsidiaries, manufactures and distributes titanium and specialty metal mill products, and extruded shapes, as well as engineered systems for energy-related markets and environmental engineering services. The Company’s products are used for aerospace, industrial, military, the golf industry, and other consumer applications.