Corporate History
The history of the company can be traced to 1854 and
the Pompton Furnace in the ore fields of New Jersey
which almost a century before had produced cannonballs
for the Colonial forces and hand-forged chain links to
block the Hudson River during the Revolutionary War.
Stainless steel started as a 20th century material. Its
invention is most often credited to Harry Bearly of
Sheffield, England in 1912. Both Allegheny Steel of
Pittsburgh and Ludlum Steel of Watervleit, New York led
the commercialization of the new rustless metal in the
United States. In 1938, they merged to form Allegheny
Ludlum Steel Corporation.
Since the early days of stainless steel, Allegheny
Ludlum has pioneered the development of products and
processes which are critical to todays industry. The
trademark, Allegheny Metal, was associated with the most
widely used stainless steel of the day. In 1910, Ludlum
Steel was the first to use electric furnaces in
manufacturing alloy steels.
In 1927, Allegheny Metal was chosen for New Yorks
Chrysler Building and the next year it was specified for
the Empire State Building. In 1929, Ford began using
Allegheny Metal for the bright trim parts of the Model
A.
Stainless steel flatware which had been used by
hotels and restaurants since 1920, was introduced to
American homes in 1931. Stainless steel sinks became
popular in the mid-30s. During World War II, the use of
stainless steel grew in support of the military.
Strategic acquisitions were made to help keep up with
the demands of growing markets. Wallingford Steel of
Connecticut, a leader in strip metals for the cutlery
industry, was purchased in 1935 and West Leechburg Steel
Company of Pennsylvania, a leading strip producer, was
bought in 1936. In 1971, the New Castle, Indiana
stainless steel sheet plant was purchased. In 1984, we
bought the Lockport, New York high technology alloy melt
shop, and in 1988, we acquired the Vandergrift,
Pennsylvania stainless steel plant.
In 1994, we purchased Jessop Steel in Washington,
Pennsylvania, a premier producer of specialty steel
and tool steel plate whose history dates back to the
very beginning of stainless steel in Sheffield, England.
In 1996, we combined with Teledyne, Inc. and became part of the
Allegheny Teledyne specialty metal companies.
In 1998, we completed an asset sale and long-term conversion
agreement with Bethlehem Steel Corporation .
In 1999, we acquired the assets of Lukens Washington Steel
Division from Bethlehem Steel Corporation.
By the end of 1999, Allegheny Teledyne changed its name to
Allegheny Technologies Incorporated and Allegheny Technologies
Incorporated was one of the leading specialty material companies
in the world consisting of Allegheny Ludlum, Allvac,
Wah Chang, Oremet, Rome Metals, Metalworking
Products, Casting Service, and Portland Forge.
In 2004, Jewel Acquisition, LLC, a wholly owned subsidiary of
Allegheny Ludlum,
acquired most of the assets of J&L Specialty Steel, LLC,
which include the melt facility in Midland, PA and the
finishing facility in Louisville, OH.
Allegheny Ludlum has grown and prospered becoming one
of the worlds leading specialty steel companies.
Allegheny Ludlum has one business specialty
metals.
Weve maintained a strong history of product
quality, customer service, innovative processing
technology, and financial stability. Through our ongoing
commitment to technology, research and development,
Allegheny Ludlum is preparing to meet exciting
challenges of the future.
|