VALTIMET
VALTIMET is the largest producer of specialized welded tubing for power generation, desalination, oil and gas, chemical processing, marine and other specialty tubing applications worldwide, with Corporate Headquarters in Paris, France.
This company's three manufacturing facilities offer unmatched customer service, regional production and regional currency financial transactions. Our technical competence has been derived from the long experience and market participation of our parent companies, TIMET and VALLOUREC. This ancestry is the foundation of our present excellence of quality, and continuing market participation and diversification.
The European manufacturing facility, located in Les Laumes, is in the heart of France's Burgundy region. The Les Laumes facility has been producing high quality tubing for the power generation, desalination, oil and gas and petrochemical industries since 1975. The wide variety of materials and manufactured products, such as bent tubes, finned tubes and cut-to-length straight tubes for condenser applications, has made the Les Laumes facility the number one choice of European customers for many years.
The North American manufacturing facility, located in Morristown, Tennessee, is adjacent to the Great Smoky Mountain region in the east-central portion of the USA. Operational since 1990, Morristown is a state-of-the-art facility which has drawn heavily from our vast accumulated experience since we shipped the first welded titanium tube in 1964, and the first nuclear power plant condenser tubing for Arthur Kill No. 3 in 1972. The tube mill's production flexibility promotes the manufacture of a wide variety of wall thickness to diameter ratios from small thin tubes to heavy wall, large diameter tubes for transmission lines.
Changzhou Valinox Great Wall Co. is a joint venture company with our Asian partners, and is located approximately 100 km northwest of Shanghai, China, which was known in earlier times as "the Paris of Asia." The newest of our three facilities, Changzhou has been operational since 1996 and produces high quality welded tubes for both Asian and European customers. Located in the center of the world population, the facility offers local shipment and regional content for tubing requirements in the Asian power generation and chemical processing industries. The facility is destined to be a key player in the future development of this rapidly expanding industrialized part of the world.
VALTIMET's high technology and regional manufacturing facilities work in harmony to offer our customers a localized, high quality variety of materials and products. Our continuous quality improvement programs and continual upgrading of production and quality assurance facilities guarantees our customers on-time delivery and the finest quality tubular products available in the world today, and tomorrow.
TIPRO
TIMET has created a new subsidiary, TIPRO, to focus on developing new uses for titanium in the automotive/motorcycle aftermarket and racing market.
The racing market in particular is highly promising. Titanium's unique characteristics make it ideal for fabricating nearly every item in the valve train, as it withstands searing heat, resists corrosion and provides the strength of steel with 40% less density. There are over 400,000 vehicles that race and the racing industry is a $1.5 billion business in the US.
In keeping with TIMET's plan to support new applications for titanium with metallurgical and design expertise, as well as materials, TIPRO will serve as both a counselor and supplier to this market. Specifically, many customers at the outset will be small machine shops with the capability to produce specialty engine parts, but without a background in titanium. For those customers, TIPRO will offer technical advice making the best part cost-effectively from titanium. Then, TIPRO will work with the customer to develop materials on specification, supply metal at the lowest price, and oversee production.
As titanium penetrates the specialty automotive shops nationwide, convincing major auto manufacturers to accept it will be the next objective of the new TIMET subsidiary.