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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (640)7/28/2001 8:31:02 AM
From: craig crawford  Read Replies (1) of 1643
 
Thursday July 26, 7:02 am Eastern Time
TIMET Announces Price Increases
biz.yahoo.com

DENVER, July 26 /PRNewswire/ -- Titanium Metals (Corporation``TIMET'') (NYSE: TIE - news) announced selling price increases on new orders for certain grades of commercially pure and alloy titanium ingot and alloy forged products. These price increases are expected to range from 15% to 20% on applicable products, and reflect continued increases in certain manufacturing costs, as well as the need to provide for increased capital investments. Additionally, TIMET will continue to reduce or eliminate current pricing discounts on certain products. The price increases are effective immediately, but will not apply to certain industrial products or to orders under agreements with customers that include specific provisions governing selling prices. TIMET is currently accepting orders for delivery in 2002.

Titanium Metals Corporation, headquartered in Denver, Colorado, is a leading worldwide integrated producer of titanium metal products. Information on TIMET is available on the World Wide Web at timet.com.
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