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RTI reports drop in third-quarter earnings
Published: Tue, November 4, 2008 @ 10:32 a.m.
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.
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Comments
Alright.
So the obvious question here is, "What does this mean for the Youngstown area plant?"
Hopefully we'll have that answered in the larger version of the Vindicator.
I'm only saying this because, this is the kind of article that makes the reader panic.
I'd also like to figure out how we can help boost this company's sales because it means a lot to the local labor force.
If we can have that answered in the Vindicator then I'd be extremely surprised, and possibly have some pride for my hometown media.
DEFEND YOUNGSTOWN!!