January 7, 2013
ATEL Leasing Corporation ("ATEL"), in partnership with Allegheny Technologies Incorporated ("ATI"), is pleased to announce an agreement whereby ATEL will provide ATI with an equipment leasing facility to acquire material handling and construction assets.
ATEL will lease to ATI Caterpillar forklifts and a scrap crane. The equipment will be used at various locations throughout the United States and reflects the increase in construction activity in this country.
ATI is one of the largest and most diversified specialty metals producers in the world, with revenues of approximately $5.2 billion for the last twelve months. With approximately 11,300 full-time employees in more than 90 locations world-wide, ATI offers global markets a wide range of specialty metals solutions to markets and customers located throughout the world. Their major markets are aerospace and defense, oil and gas/chemical process industry, electrical energy, medical, automotive, food equipment and appliance, machine and cutting tools, and construction and mining.