RTI reports drop in third-quarter earnings
RTI International Metals, which operates a titanium mill in Weathersfield Township, reported lower earnings and sales today.
The Pittsburgh-based company earned $11.3 million in the third quarter, compared with $24.7 million in the same quarter last year. Sales last quarter were $150.6 million, compared with $163.4 million in the thirds quarter of 2007.
The company said it was pushing back its plant construction projects in Mississippi and Virginia by a year because of economic uncertainties and a short-term softening of demand for titanium. The new plants now are expected to be operational in 2011.
For more information, see Wednesday’s Vindicator or www.vindy.com.