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Friday, 12/13/2013 5:39:14 PM

Friday, December 13, 2013 5:39:14 PM

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Allegheny Tech will close Connecticut plant, book $9.2M charge in Q4 • 5:37 PM

Allegheny Technologies (ATI) says it plans to close a Connecticut flat-rolled products plant in 2014, due to poor economic conditions, and warns the move will result in a $9.2M charge to be recorded in Q4.
ATI has been hurt in recent quarters by a sharp drop in sales due to weak economic growth in the U.S. and Europe, resulting in some excess supply.
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