Allegheny Technologies Inc. reports one of its operating groups has booked two long-term agreements to supply zirconium-alloy products for nuclear energy projects. The potential revenue from the two assignments exceeds $250 million, ATI said.
Both contracts will be filled by Albany, Ore.-based ATI Wah Chang, which produces a family of trademarked zirconium-alloy products as ingots, forgings, fittings, plate, sheet, strip, foil, bar, rod, wire, pipe, tubing, and powders. The nuclear-grade zirconium alloy, Zircaloy, is used to produce for fuel rods and fuel bundle components.
Specific details of the contracts were not released. Allegheny said the agreements are with two well-established companies in the global nuclear energy industry: One agreement is an extension of contract running for more than 40 years with a nuclear fuel and component company; the other is a new multi-year contract with a nuclear steam system supplier.
“We are pleased to announce the signing of long-term agreements with these nuclear energy customers,” stated ATI chairman L. Patrick Hassey.
