SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
August 1, 1997
(Date of Report, date of earliest event reported)
TITANIUM METALS CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 0-28538 13-5630895
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
(Address of principal executive offices)(Zip Code)
(303) 296-5600
(Registrant's telephone number, including area code)
Not Applicable
(Former name or address, if changed since last report)
Item 5: Other Events
On August 5, 1997, the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference. The press
release relates to the Registrant's completion of the ValTimet joint venture.
Item 7: Financial Statements, Pro Forma Financial Information
and Exhibits
(c) Exhibits
Item Exhibit List
No. 99.1 Press release dated August 5, 1997 issued by
Registrant.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TITANIUM METALS CORPORATION
(Registrant)
By: /s/ Robert E. Musgraves
Robert E. Musgraves
Vice President, General Counsel
and Secretary
Date: August 8, 1997
PRESS RELEASE
FOR IMMEDIATE RELEASE CONTACT:
Titanium Metals Corporation Joseph S. Compofelice
1999 Broadway, Suite 4300 Chief Financial Officer
Denver, Colorado 80202 281-423-3303
TIMET COMPLETES VALTIMET JOINT VENTURE
DENVER, COLORADO . . . August 5, 1997 . . . Titanium Metals Corporation
("TIMET") (NASDAQ: TIMT) announced today that it has completed the previously
announced formation of ValTimet, its welded tubing joint venture with Valinox
Welded, a Vallourec company. Valtimet is owned 54% by Valinox Welded and 46% by
TIMET. Pro forma combined sales of the joint venture for 1996 were
approximately $110 million. In connection with the formation of the joint
venture, TIMET and ValTimet entered into a titanium supply agreement that will
make TIMET the primary supplier of titanium strip product to the joint venture.
ValTimet, with approximately 300 employees, manufactures welded tubing,
principally titanium and stainless steel, in plants located in the United States
and France and, through a majority-controlled subsidiary with approximately 50
employees, Changzhou Valinox Great Wall Welded Tube Limited, in China.
TIMET, headquartered in Denver, Colorado, is a leading worldwide
integrated producer of titanium metal products.
