Titanium Metals Corporation (formerly NYSE: TIE), founded in 1950, is a leading manufacturer of titanium-based metals products, focusing primarily on the aerospace industry. In November 2012, it was announced the company was being purchased for $2.9 billion by Precision Castparts.
Its major U.S. operations are based in Morgantown, Pennsylvania, Henderson, Nevada, Vallejo, California and Toronto, Ohio. Its overseas operations are primarily based in the United Kingdom (at Waunarlwydd, Swansea and Witton, West Midlands) and France. The company's current headquarters are located in Dallas, Texas.
The company is most commonly referred to as TIMET, a shortened version of "TItanium METals" that is a registered company trademark.
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“As in digging for precious metals in the mines, much earthy rubbish has first to be troublesomely handled and thrown out; so, in digging in one’s soul for the fine gold of genius, much dullness and common-place is first brought to light.”
—Herman Melville (1819–1891)