RTI Energy Systems Announces Shah Deniz ContractNILES, Ohio--Jan. 5, 2005
RTI International Metals, Inc., (NYSE:RTI) announced today that RTI Energy Systems, Inc., a Houston-based subsidiary, has been selected to provide titanium stress joints to BP for its Shah Deniz project located in the Caspian Sea, Azerbaijan. Titanium was chosen because both strength and flexibility will be needed to deal with the strong currents in the development area. Fabrication will begin immediately for shipment to the field in late 2005 and early 2006.
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RTI International Metals(R), headquartered in Niles, Ohio, is one of the world's largest producers of titanium. Through its various subsidiaries, RTI manufactures and distributes titanium and specialty metal mill products, extruded shapes, formed parts and engineered systems for aerospace, industrial, defense, energy, chemical and consumer applications for customers around the world. To learn more about RTI International Metals, Inc., please visit our website at www.rtiintl.com.
Source : RTI