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
June 29, 1998
(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)
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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 June 29, 1998, 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 opening of a new sales office and
distribution center near Dallas, TX.
Item 7: Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Item No. Exhibit List
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99.1 Press release dated June 29, 1998 issued by Registrant.
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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: July 1, 1998
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EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Titanium Metals Corporation John P. Monahan
1999 Broadway, Suite 4300 President - Service Centers
Denver, Colorado 80202 (303) 296-5616
TIMET ANNOUNCES OPENING DALLAS SERVICE CENTER
DENVER, COLORADO_June 29, 1998_ Titanium Metals Corporation ("TIMET")
(NASDAQ: TIMT) announced the opening of a new sales office and distribution
center near Dallas, TX to better service the growing market for titanium
mill products in the Southwestern United States.
"This new TIMET Service Center will provide a wide selection of mill
products on a just-in-time basis, as well as full cut-to-size services.
Our objective is to give our customers the titanium materials they need, in
the quantities and sizes required, on the schedule they require," said Greg
Rollins, TIMET's Director of North American Service Center Sales.
TIMET manufactures the broadest range of alloys and product forms in the
titanium industry and stocks industry standard products in a network of
Service Center locations across the United States and Europe. TIMET can
readily supply various quantities, from heat lots to single cut pieces,
from its Service Centers. Typical products include commercially pure (CP)
and alloy billet, bar, plate, sheet, strip, welded and seamless pipe and
tube, plus fittings, fasteners and weld wire. TIMET products are
manufactured specifically to meet customers' needs in a broad range of
industries, including aerospace, oil and gas, chemical process, medical and
consumer goods industries. TIMET also offers the industry's most extensive
titanium research and development programs and new product support.
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The new Dallas Service Center joins TIMET's existing network in offering a
variety of first cut operations and other services, which lower total costs
for our customers. "Just-in-time delivery programs, often utilizing in-
house bandsaws and shearing equipment that hold close tolerances on cut
plate, sheet, billet and bar, enable us to provide custom programs tailored
to our customer needs," according to Rollins. Plasma torch cutting, and
scrap and surplus buy back programs are also available at the Irving
facility. Rollins emphasized, "We are dedicated to complete customer
satisfaction. Our sales representatives are knowledgeable, responsive and
able to meet exact customer requirements."
The Dallas facility brings TIMET's total Service Center network to nine
locations in the United States and Europe, totaling over 200,000 square
feet and stocking over 2,000,000 pounds of inventory, explained John
Monahan, President of TIMET Worldwide Service Centers. "This addition
expands our distribution base in an important and flourishing geographic
center," Monahan stated. "It provides us an outlet to meet the requirements
of large and small titanium users, with a combination of products and
services no other titanium company can offer."
TIMET, headquartered in Denver, Colorado, is a leading integrated
manufacturer and distributor of titanium metal products.
oo o o o
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