INTERNATIONAL TITANIUM

ASSOCIATION

2015ANNUALREPORT

www.titanium.org

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MISSION & PHILOSOPHYInternational Titanium Association was established in 1984 with the mission of connecting the public interested in using titanium with specialists from across the globe who may offer sales and technical assistance.

We accomplish this by:

• Hosting the Titanium Resource Center;

• Educating through hands on workshops & online seminars;

• Producing the TITANIUM Conference series in the US and in Europe;

• Providing assistance in the form of accurate and timely information to potential designers, fabricators and end users of titanium, involved in generating, producing or disseminating information about titanium;

• Sponsoring the Titanium Online Library dedicated to preserving past conference proceedings from the World Titanium and annual TITANIUM Conferences;

• Administering 16 working committees all with a focus on marketing and technical objectives.

By joining the International Titanium Association, you will be making connections with industry representatives and receiving up to date, essential information necessary to conduct business in the global titanium industry.

Table of Contents TITANIUM Conferences 3Membership 3Letter from the President 5ITA Board of Directors 6ITA Officers 7Campaigns & InitiativesTITANIUM Conference Planning 9Grant & Scholarship Initiatives

2015 TAD Award 102015 Academic Scholarships 12

Education Committee 13ITA Safety Committee 14Lifetime Achievement Award 16Trade Show Committee 17WiT – Women in Titanium 18Applications Committees

Industrial 19REACH Titanium Consortium 22

Financials 23

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OUR MEMBERSCurrent membership is comprised

of over 200 organizations with

over 2,500 individual members

worldwide. Membership as of

December 31, 2015:

TITANIUM CONFERENCES

TITANIUM EUROPE 2015, the 3rd annual European conference & exhibition was held May 11-13th in

Birmingham, UK hosting 400 delegates from 25 countries. TITANIUM USA 2015, the International Titanium

Association’s 31st annual meeting welcomed 900 delegates in Orlando, Florida from 25 countries. The

annual TITANIUM series are the premier international conferences consumers of titanium metal, raw

materials suppliers, and titanium metal industry professionals cannot afford to miss.

Able ElectropolishingAbove Material Technology Co., Ltd.Accushape™ Inc.ACNIS InternationalADMA Products, Inc.Aerodyne Alloys LLCAerometals & AlloysAkrapovič Titanium Castings LLCAlcoa HowmetALCOA Titanium & Engineered ProductsALD Vacuum Technologies, IncAlloyWorks, IncAmerican Titanium Works LLCAMETEK - Reading AlloysAMG Vanadium, Inc.Architectural Titanium LLCArgus MediaAries AlloysATIAvon Metals LtdBahcoBanner Service Corporation

Baoji Jinsheng Metal Material Co.,LtdBaoji Jucheng TitaniumBaoji Ronghao Ti Co., Ltd.Baoji Shenji Titanium Co., LtdBaoji Titanium Industry Co., LtdBaosteel Special Materials Co., Ltd.Bejing Hongda Titanium Science

& Trade Co., LtdBIBUS METALSBlaser Swisslube Inc.BodycoteBonatech Metal Research InstituteButech BlissCaledonian AlloysCEFIVALChaoyang Jinda Titanium Co., Ltd.Chesapeake Industrial Cleaning

Products, Inc.China Huaxia Special Metal LimitedChina Steel CorporationCleveland Research CompanyCogitic Corporation

Consarc CorporationContinental Steel & Tube Co.Cristal Metals, Inc.CSIRO, Titanium TechnologiesCyril Bath CompanyDalian BHN Special Materials Ltd.Danieli CorporationDanobat S. CoopDHL Drawback ServicesDKSH Switzerland LtdDuferco SADynamet IncorporatedEdge InternationalEFC Systems, IncELG Utica Alloys, Inc.Evraz STRATCOR, Inc.EWIFAE S.A.Fine TubesFluor CorporationForecreuFort Wayne Metals

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FRIEDRICH KOCKS GmbH & Co KGFRIGGI N.A. Inc.G & L ManufacturingG&S Titanium, Inc.Gautier Steel Ltd.GeoCorp, Inc.GfE Metalle und Materialien GmbHGIE Media Inc. - Industrial DivisionGlobal Titanium Inc.GNB CorporationGoldman Titanium, Inc.Grandis TitaniumHangzhou King TitaniumHaynes International Inc.HEMPEL SPECIAL METALS GmbHHi Tech AlloysHORIE CorporationHouge Metallography IHI CorporationIndependent Forgings & Alloys LtdInductothermIndustrial Metals International Ltd.Invera IncorporatedKaman CorporationKASTO Inc.Kevin Kreitman ConsultantKeywell Metals LLC Kings Mountain International (KMI)L.C.M.A.Laboratory Testing Inc.LHI MetalsLord Steel Industry Company LimitedLoterios S.p.A., a TIMET CompanyLucideonMair Research S.p.a.MakinoManufacturing Technology IncMaterials & Electrochemical Research

(MER) Corp.Medart, Inc.Mega Metals, Inc.MetaLinx Material Management, Inc.METALVALUEMetalwerks PMD, Inc.

Metalysis Ltd.MetCon, LLCMETRACO NVMetSuisse Distribution AGMid-West MachineMonico Alloys, Inc.Montana Precision Products (SeaCast)MoTiV Metals, LLCnanoPrecision Products, IncNF&M InternationalNorth American AlloysNu-Tech Precision MetalsOak Ridge National LaboratoryOJSC “Special Econoimic Zone “Titanium

valley”Osaka Titanium technologies CO., Ltd.OSCAR Production Group Ltd.Ospray Fire Suppression Systems, LLCOveron GroupParis Saint-Denis AeroParker, Messana & Associates, Inc.Pat Mooney, Inc.PCC Perryman CompanyPlatte River Ventures LLCPlymouth Engineered ShapesPraxis TechnologyPresident Company, Ltd.President Titanium Co., Inc.Prolog Titanium Corporation Co., Ltd.Quad Engineering IncQuebec Metallurgy CenterReactive Metals Studio, Inc.Remelt Scientific, Inc.Renton Coil Spring CompanyRetech Systems LLCRex Heat TreatRoll Forming CorporationRolled AlloysRoskill Information Services Ltd.S - Tech CorpS&D Spezialstahl handelsgesellschaft mbHS. Letvin & Son, Inc.Sandinox Comercio, Importação e Exportaçã

Sandvik Materials Technology Product Unit Special Metals

Schaffer Grinding Co., Inc.Sector3 Appraisals, Inc.Service Steel AerospaceSierra AlloysSnappy Materials LLCSolar AtmospheresSolar Manufacturing, Inc.Space XSpecialty Metals CompanySpecialty Metals Processing Inc.Spectore CorporationSpemet Company LimitedStandard DieStarrag USA Inc.Strohecker IncorporatedSumitomo Corporation of AmericaSupra Alloys, a division of TITAN Metal

FabricatorsTE Wire and Cable Tekna Plasma Systems, Inc.Tenova Core The Olin Research Group, LLCThermo Fisher ScientificTIFAST s.r.l.Timax International LLCTimesavers International B.V.TIMET, Titanium Metals CorporationTIODIZE Company, Inc.TiPro International Co. Ltd.TITAL GmbHTitanium Consulting & Trading S.r.l.Titanium Engineers, Inc.Titanium Fabrication CorporationTitanium Finishing CompanyT. I. (Titanium Industries, Incorporated)Titanium International Group SRLTitanium Processing CenterTitanium Products and Consulting, Inc.TMS TitaniumToho Titanium Company, Ltd.Torresin Titanio SRLTotall Metal Recycling

Trepanning Specialties, IncTricor MetalsTSI TitaniumTZ Minerals International Pty Ltd. (TZMI)TZIMET Titanium & Alloys srlUlbrich Stainless Steels & Special MetalsUnited Alloys & Metals, Inc.United Performance MetalsUniti TitaniumUniversal Technical Resource Services, Inc.UTC Aerospace SystemsValence Surface TechnologiesVallourecVDM MetalsVerichek Technical Services Inc.VSMPO - AVISMAVSMPO - Tirus China LtdVSMPO - Tirus GmbHVSMPO - Tirus UK LtdVSMPO - Tirus Ukraine LtdVSMPO - Tirus, USVSMPO-AVISMAVulcanium Metals International, LLCWebco IndustriesWeber Metals Inc.Welded Pipe industries s.r.l.Wellmet International IncWest Penn Testing Group Inc.Western Smelting & Metals, Inc.Western Superconducting

Technologies Co. Ltd.Westmoreland Mechanical Testing

& Research Inc.Xi’an Metals & Minerals Import & ExportYunnan Titanium Industry Co., LtdZak, Incorporated a wholly owned subsidiary

of LAI InternationalZaporozhye Titanium & Magnesium

Combine, ZTMCZIROM S.A.

OUR MEMBERS Continued

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2015 proved to be an interesting year for the titanium industry and the International Titanium Association continued to thrive and expand their activities, keeping up with the dynamic pace of this ever changing environment.

On the following pages you will see highlights of existing and new activities brought to you by the current committees. I am personally affiliated with the WiT group which contributes to the growth of the overall titanium industry by providing mentoring, collegial and networking opportunities for women within the titanium industry and to take part in programs which advance gender equality in STEM fields for high school and college women. I was proud of the work accomplished by our group this year and look forward to sharing the information and building upon our success in 2016.

The working groups of professionals who belong to ITA committees deserve a round of applause for their efforts in 2015. They volunteer their time to the Association toward the good of the industry and we thank them for their commitment, ideas, and endless energy they provide.

With every passing year the ITA Board of Directors review a variety of proposals by the individual committees. Some committees have submitted funding requests for multi-year projects while others request support on an individual project basis. As a Board, it was unanimously agreed ITA would support a variety of committee funding requests which would decrease the reserve balance by $182k in 2014 and by $130k in 2015. While the ITA Board of Directors are committed to evaluating and supporting committee projects we remain equally committed to preserving the health of the organization. The ITA reserve is a demonstration of the Board’s commitment to be in a strong financial position which affords us with the opportunity of negotiating future commitments in planning the annual conferences in Europe, US and soon to be Asia, as well as absorbing any major member consolidations, which, quite frankly remains a reality.

In 2016, ITA will be exhibiting at a variety of trade shows including the Singapore Air Show; ITA will host conferences in Paris, France and in Scottsdale, Arizona; the Grant committee will continue their efforts with the Academic Scholarship and TAD Award programs, and the Education committee will continue to expand their continuing education programming in the US and Europe as well as develop a new program called STEM in 30 in cooperation with the Smithsonian National Air & Space Museum. These are just a few of the many projects the committees are working on today. More programming will be highlighted in the regular broadcasts you receive from the ITA as a Member of the Association.

If you are not currently involved in an ITA committee I strongly encourage you to contact the ITA to learn more about these programs.

It has been my pleasure to serve as the ITA President this year. Thank you to the ITA Members who support the Association through your continued membership. Your commitment makes it possible for ITA’s expansion as the internationally recognized titanium association on behalf of our industry.

Dawne S. Hickton

Former CEO, RTI International Metals, Inc.

Women in Titanium Chair, ITA President

LETTER FROM THE PRESIDENT

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ITA BOARD OF DIRECTORS

Dawne S. HicktonFormer CEO, RTI International Metals, Inc.Women in Titanium ChairITA PRESIDENT

Hunter R. DaltonExecutive Vice President, Strategic Growth InitiativesITA VICE PRESIDENT

Henry S. SeinerVice President, Business Strategy, TIMETAero Applications ChairITA SECRETARY TREASURER

Brett S. PaddockPresident & CEO, T.I.Grant & Membership ChairITA PASTPRESIDENT

Dr. Markus HolzPresident, AMG’s Engineering SystemsDivision CEO, ALD Vacuum Technologies GmbHEducation Co-ChairTitanium EU Chair

Donald E. LarsenVice President Technology R&DALCOA Titanium & Engineered Products

Michael G. MetzPresidentVSMPO Tirus USNominating Chair

Edward J. NewmanSenior Vice PresidentUnited Alloys & Metals

Frank L. PerrymanPesident & CEOPerryman CompanyTITANIUM 2015 Chair

Edward Sobota, Jr.PresidentTSI TitaniumAwards Chair

Jerry St. ClairPresidentVulcanium Metals InternationalTrade Show Chair

Graham P. WalkerVice PresidentSales and Marketing AMETEK – Reading AlloysEducation Co-Chair

The original Board of Directors, as identified in the original 1984 Articles of Incorporation were:

Conard Stitzlein, Astro MetallurgicalJan G. Barkman, TIMETJohn C. Durham, Chase ExtrusionsDominic Strollo, RMI Titanium

Robert S. Nycum, Titanium IndustriesDon C. Simmons, TiTech International, Inc.C. Edward Nelson, Oregon Metallurgical Corp.

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ITA OFFICERS

Dawne S. HicktonFormer CEO, RTI International Metals, Inc.Women in Titanium ChairITA PRESIDENT

Dawne S. Hickton is the former Vice Chair, President and Chief Executive Officer of RTI International Metals, Inc. (RTI), where she was employed for over 18 years. RTI was a global supplier of advanced titanium and specialty metals products and services in commercial aerospace, defense, propulsion, medical device, energy and other markets. Ms. Hickton served as CEO from April 2007 until July

2015, when Alcoa acquired RTI. She currently represents Alcoa as President of the International Titanium Association and as a member of the Board of Governors for the Aerospace Industries Association.

For the past 2 years Ms. Hickton has been recognized as one of the top 100 global leaders in STEM by STEMconnector.

Ms. Hickton serves as chair of the Pittsburgh branch of the Federal Reserve Bank of Cleveland.

In addition, she is a member of the Board of Directors of Jacobs Engineering Group, Inc., one of the world’s largest and most diverse providers of technical professional and construction services, serving on the audit committee. She is also a member of the Board of Directors of Triumph Group, Inc., a global leader in manufacturing and overhauling aerospace structures, systems and components, and serves on that board’s audit and nominating and corporate governance committees.

Ms. Hickton is a member of the Board of Directors of the Smithsonian’s National Air and Space Museum and a director of The Wings Club. She is a member of the University of Pittsburgh’s Board of Trustees, serving on the student affairs and property and facilities committees, as well as chairing the School of Law’s Board of Visitors. In addition, she serves on the Advisory Council of the University of Pittsburgh Cancer Institute.

Ms. Hickton is a 1979 graduate of the University of Rochester and received her law degree from the University of Pittsburgh, School of Law in 1983. She resides in Pittsburgh with her husband, The Honorable David J. Hickton, U.S. Attorney for the Western District of Pennsylvania, and their children.

Hunter R. DaltonExecutive Vice President, Strategic Growth InitiativesITA VICE PRESIDENT

Hunter Dalton joined ATI in August 1981. He was appointed the Manager of Manufacturing Engineering in March 1984. In October 1986, Hunter was promoted to Director of Purchasing for ATI Allvac’s five facilities. He was named Plant Manager of the Monroe Billet Operations in September 1996 and promoted to General Manager of the Nickel & Specialty Steel Forged Products SBU in March 1998.

In April 1999, Hunter was named Vice President of Operations and Continuous Improvement. Hunter assumed additional responsibility for Allvac Ltd operations in November 2001. In November 2003, he was promoted to Senior Vice President of Sales and Marketing. Hunter was named President of ATI Allvac effective April 1, 2008, and Group President of ATI Long Products effective October 1, 2008. In August 2010, Hunter also assumed responsibility for ATI Powder Metals business unit. In April 2011, Hunter was named Executive Vice President of ATI Long Products. In March 2014, Hunter was named Executive Vice President of the ATI High Performance Specialty Materials Group and continues to serve as President of ATI Specialty Materials (formerly ATI Allvac). Effective August 2015, Hunter serves as Executive Vice President, Strategic Growth Initiatives and continues to report to Richard J. Harshman, ATI’s Chairman, President and CEO, and also continues to serve on ATI’s Executive Leadership Council.

Non-ATI work experience includes two appointments as an independent consultant to the Department of Defense, National Stockpile Advisory Committee. Hunter has served as a member of the Advisory Board of the University of North Carolina-Charlotte, Belk College of Business, and is a past member of South Piedmont Community College Foundation Board. He is a member of the National Economic Survey Group, Institute of Supply Management, Institute of Industrial Engineers, and ASM International. He currently serves on the Monroe Economic Development Commission and the Board of Directors of International Titanium Association. Hunter lives in Monroe, NC, and has one adult son.

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ITA OFFICERS Continued

Henry S. SeinerVice President, Business Strategy, TIMETAero Applications ChairITA SECRETARY TREASURER

Mr. Seiner, TIMET’s Vice President of Business Strategy, oversees the Marketing, Product Management, Purchasing and Production Planning organizations for TIMET. In this role, he has responsibility for and visibility into all aspects of TIMET’s supply chain. Henry is based in TIMET’s Toronto, OH facility — which is geographically and

structurally in the middle of TIMET’s global supply chain. He has held various positions in Production Planning, Manufacturing, Purchasing and Marketing in his 23 year tenure at TIMET.

Prior to coming to TIMET, Henry spent six years at U. S. Steel Corporation in Sales, Marketing and Production Planning. His educational background includes a Masters Degree from Carnegie Mellon University in Pittsburgh, PA and a Bachelor’s Degree from Duke University in Durham, NC. Henry is a native of Pittsburgh and continues to reside in Western Pennsylvania.

Brett S. PaddockPresident & CEOT.I. Titanium Industries, IncorporatedGrant & Membership ChairITA PAST PRESIDENT

Brett Paddock is the President and CEO of T.I. (Titanium Industries, Inc.), one of the largest independent providers of High Performance Metal mill products. T.I. sells a full line of titanium products into major markets from its 18 global facilities, and provides supply chain management and value added services to a diverse global customer base.

In addition to serving as the Past President of the ITA board, Mr. Paddock is currently the Chairman of the ITA’s Grant and Membership Committee. His diverse metals background consists of engineering consulting, fabrication, manufacturing, contracting, sales and various management roles. Brett holds a Bachelor of Science in Engineering and a Master of Science in Structural Mechanics from Lehigh University, and is a licensed professional engineer.

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CAMPAIGNS & INITIATIVES

TITANIUM Conference & Planning

TITANIUM EUROPE 2015 Conference Chair: TITANIUM USA 2015 Conference Chair:

Dr. Markus Holz. President, AMG’s Engineering Systems Division & CEO - ALD Vacuum Technologies GmbH

Frank L. Perryman, President & CEO - Perryman Company

Experts, Executives and Engineers gathered to discuss supply, demand, distribution and global supply chain at TITANIUM EUROPE & TITANIUM USA symposiums in 2015.

Supply and demand, and the various business and technology trends driving the industry, took center stage at the TITANIUM Conferences held in Birmingham England and Orlando, Florida in 2015. Conference presenters declared the future continues to look promising for titanium in the commercial aerospace business sector considering the wave of new titanium-intensive jets that are slated to ramp up production in the near term, as well as the evaluation of airline profitability, moderate fuel costs and the projected, escalating trend of passenger miles.

The consensus from presenters is Titanium will continue to be a material of choice in commercial aerospace given the ongoing globalization of the supply chain, the roll out of new, higher performance titanium alloys and the anticipated technological advances in 3D/Additive manufacturing. Titanium continues to dominate in the compression section of jet engines, in applications such as fan blades, but today its position as a material of choice is being challenged by composites and aluminum alloys. Titanium aluminides are making inroads in the combustion section of turbofan jets, being positioned as an alternative to nickel-based super alloys. In terms of titanium demand, while overall U.S. defense spending has plateaued, pockets of growth remain in defense aerospace. Examples are the F22 and F35 fighter jets which are great programs for titanium. It is likely there will be growing demand for military hardware in the near term, among the bright spots will be a continuation of legacy programs, as well as new programs, for fixed-wing and rotary-wing military aircraft. Titanium demand for defense applications will continue to be driven by volatile environments throughout the world. The emphasis remains on the need for supply chains to reduce costs and improve efficiencies. Taking the cost out of the supply chain and improving performance was an underlying message throughout the symposium. Examples of new innovation include the development of titanium aluminides, progress in 3D/additive manufacturing, and novel bonding, welding and joining technologies.

TITANIUM EUROPE 2015 was held at the Hilton Birmingham Metropole in Birmingham, England UK with 400 delegates.

TITANIUM USA 2015 was held at the Rosen Shingle Creek Resort in Orlando, Florida USA with 900 delegates in attendance.

Delegates from 25 countries participated in both events.

A complete overview of the most recent TITANIUM Conferences are available for download on the ITA Website. Furthermore, Video Conference Proceedings are also available to the public through the Website.

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CAMPAIGNS & INITIATIVES Continued

2015 Titanium Applications Development AwardChristopher Higgins, the Cecil and Sally Drinkward Professor of Structural Engineering in the School of Civil and Construction Engineering at Oregon State University, is the recipient of the 2015 International Titanium Association’s (ITA) Titanium Application Development Award. Chris Higgins was awarded for his role in developing a novel titanium application for repairing highway infrastructure.

The Oregon Department of Transportation (ODOT), Salem, OR, selected a repair concept by Dr.

Higgins—a titanium “staple” to reinforce fractures in the reinforced concrete—which was deployed by ODOT on the Mosier Bridge, an “overcrossing” of Interstate 84, which is a major east/west corridor for the state. Dr. Higgins designed the idea of the staple and the requirement of a surface treatment that would allow titanium alloy bars to be used to strengthen concrete bridges. Perryman Company manufactured the titanium staples and developed the methods to produce the surface treatment. Oregon State tested alternatives and selected the final pattern.

Frank Perryman, president and chief executive officer of Perryman Company, said repair work, using the titanium staples, was completed in June 2014. As a result, this is believed be the first titanium-reinforced concrete bridge in the world.

Mosier Bridge, located above milepost 69.65 of Interstate 84, is a four-span reinforced concrete, deck-girder bridge, which originally was built in 1950 and widened in 1959. According to information posted on the Oregon state government website, a routine bridge inspection in May 2013 identified significant cracking in the bridge’s girders and determined a number of crossbeams were “structurally deficient.”

After making these observations, ODOT contacted Dr. Higgins. He reviewed the plans and independently determined “that the bridge members had little reserve strength and the loads on it were close to the calculated collapse load. This was verified by tests of full-size replicas of the bridge girders in the lab. I recommended they close, post and/or shore it up until it could be fixed.”

By coincidence, Dr. Higgins said that, at the time, he and the students in his laboratory were doing research work on using “non-traditional metallics” to remedy deteriorating infrastructure. Going through his network of business associates, Dr. Higgins was introduced to Warren George, an Oregon-based Perryman Company engineer.

Grant & Scholarship Initiatives:

2015 Members Mission:

Brett S. Paddock, President & CEO – T. I. - Titanium Industries, Incorporated (Chair)

Edward A. Sobota, Jr., President - TSI TitaniumEdward J. Newman, Senior Vice President -

United Alloys & Metals, Inc.

To develop, promote and help all activities involved with ITA grants, which include but are not limited to the application development award and ITA scholarship programs.

Objective:

Recommending awards and scholarship to contribute to the growth of the overall titanium industry and to promote the selection of titanium as a competitive material by providing fundamental knowledge about Titanium and its applications.

Dr. Christopher Higgins

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Based on research at Oregon State, ODOT called for the use of titanium staples to fortify the bridge. Dr. Higgins explained that carbon fiber typically is the material of choice for such repair work. However, he gave credit to ODOT for not being intimidated to consider an innovative alternative. The titanium approach prevailed and, in addition to providing design and structural advantages to carbon fiber, it proved to offer an overall cost savings of 30 percent.

The Oregon government website indicated that repairing this bridge was a “high priority for ODOT” because the load restrictions impacted local businesses in the area. As a result, “strengthening of the bridge was put on an accelerated schedule.” Dr. Higgins praised ODOT for recognizing the concept of a “total life-cycle cost system approach” for the bridge project. Jim Perryman Sr., the founder of Perryman Company, “took this bridge project to heart and was the driving force,” according to his son, Frank Perryman, the company president and chief executive officer. “This was truly a team approach to achieve the desired goal, having our people work with Professor Higgins and the ODOT. It was an exciting process for us.”

Frank Perryman described the titanium staples as “near-surface mount” components that reinforce the concrete structure. The staples were fabricated at different lengths, depending on distance needed to span the beams. Each staple, a titanium aerospace-grade 6/4 alloy, was designed with surface grooves along the length of each staple to enhance their “holding characteristics.” He pointed out that one important design advantage for the titanium staples, compared with carbon fiber bars, was the ability to incorporate L-shape end hooks, which anchored the staples in the reinforced concrete.

When it comes to infrastructure, cost must be weighed against public safety. Dr. Higgins said that cost is always an issue, but the hardest part is getting past the “too-expensive” first reaction when it comes to specifying a material like titanium. “You’re not buying a construction material by the pound; you’re buying it by its performance and long-term, life-cycle costs,” he said. “There are lots of needs when it comes to infrastructure, but there are limited dollars to pay for projects. My discipline (civil engineering) is a very conservative field. If cost is a critical issue, then we must spend wisely with the money that is available. This means that instead of replacing and rebuilding a bridge, we’ll need to find ways to better maintain and strengthen existing structures.”

Given its properties of strength, ductility and the ability to be impervious to weather and corrosion from roadways that are salted during winter months, Dr. Higgins said cost issues actually could favor titanium for future infrastructure applications. He said there are many ways to measure cost, such as the inconvenience and drop in productivity from closing an important road system, as well as and the time and effort it take to complete the repair work.

Dr. Higgins, working with Perryman Company, was cited for his role in developing a novel titanium application for repairing highway infrastructure. Professor Higgins was presented with the prestigious award by ITA Grant Committee Chair, Brett Paddock, the President and CEO of T. I. Titanium Industries, Inc. at the TITANIUM 2015 Conference on Tuesday, October 6th in Orlando, Florida.

View the TAD Award Acceptance Speech from the TITANIUM USA Conference on the ITA Website.

Dr. Christopher Higgins & Brett Paddock, Grant Comm Chair

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Congratulations to the 2015 Academic Scholarship RecipientsITA’s Grant Committee congratulates this year’s academic scholarship winners:

Heaven R. ClarkCleveland State University

Rachel A. JonesYoungstown State University

Kendall M. LopezTexas A&M University

William (Tyler) T. ReidCarnegie Mellon University

Thank You 2015 Academic Scholarship Sponsors!

CAMPAIGNS & INITIATIVES | Grant & Scholarship Initiatives Continued

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Since 2014, ITA has been digitizing many of the past TMS World Titanium Conference Proceedings which are no longer published or available in print for purchase. By funding the conversion of past World Titanium Conference Proceedings into an E-Book format, ITA’s Education committee is not only furthering its mission and objectives but is also sustaining these historical documents on behalf of the titanium industry.

The committee would like to thank TMS for their cooperation and support with this project and especially thanks the following donors: Stanley Seagle, Sam Froes, Stanley Abkowitz, Interstate Association Titan, Association Française Titane, The Nonferrous Metals Society of China, and JIMIC.

The ITA Education committee is dedicated to supporting research and development in the field of titanium. Hosting the historic documents online for public viewing is an important initiative the ITA Education Committee is honored to support.

View the digital library today on the ITA Website

The ITA Education Committee remains committed to expanding continuing education, especially in North America and Europe where we now have 3 dedicated instructors. The Fundamentals of Titanium, How to Weld Titanium, Life Cycle Costing, and the newly created Microstructures of Titanium course will be coming to a location near you in 2016 – review the ITA Website for more details on content and the course.

The Academic Poster Session dedicated to research in titanium and the Best Master Dissertation programs continue to be fully sponsored by the ITA Education committee.

CAMPAIGNS & INITIATIVES Continued

Education Committee:

2015 Members Mission:

Dr. Markus Holz. President - AMG’s Engineering Systems Division & CEO - ALD Vacuum Technologies GmbH (Co-Chair)

Graham P. Walker, Vice President, Sales and Marketing AMETEK – Reading Alloys (Co-Chair)

Frauke Hogue, Metallographer Hogue Metallography (ITA Member, Workshop Instructor, Committee Member)

To help facilitate the expanded use of titanium based products in existing and new market sectors and applications by enlarging the knowledge about Titanium through education, training and exchange of information with universities and other academic networks.

Objective:

To promote the selection of titanium as a competitive material providing fundamental knowledge about Titanium and its applications.

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CAMPAIGNS & INITIATIVES Continued

ITA Safety Committee:

2015 Executive Committee Members: Mission:

Robert G. Lee, President - Accushape Inc. (Chair)Kevin Kreitman, Safety ConsultantFrank Roberts, President & CEO - AL SolutionsJason Claes, Safety Manager - Global Titanium Inc.Tom Schaffer, CEO - Schaffer Grinding Co., Inc.Dietmar Fischer, Consultant & ITA Workshop Instructor -

Titanium Consultancy & Training

To bring awareness to all items of safety when handling and working with titanium. All Members of the ITA are invited to participate in Safety Committee meetings at any time.

Objective:

The committee provides an open forum for safety issues concerning titanium melting and powder.

Following an approved committee charter and plan, in 2015 the Safety Committee has created a major addition to the ITA Web site which compiles a list of agencies and resources regarding the safe use and storage of titanium. The site provides a substantial expansion of safety resources for members, users and first responders, with an emphasis on fire prevention.

Every producer, distributor and user must develop their own safety plans to meet the conditions unique to their use of titanium, especially the generation and storage of titanium fines that may present a fire and or explosion hazard.

The mission of the ITA safety committee is to bring awareness to all items of safety when handling and working with titanium. All members of the ITA are invited to participate in Safety Committee meetings at any time, and the committee provides an open forum for safety issues concerning titanium melting and powder.

The current scope of the Safety Committee includes:

• Disseminating existing published resources to suppliers and users of titanium products through Titanium Today magazine, committee meetings, ITA website and TITANIUM Conferences;

• Providing a referral list of safety related services and products through the Titanium Resource Center;

• Developing online awareness programs from existing published resources;

• Encouraging safety committee members to participate in other organization standards and compliance groups;

• Hosting regular meetings where the industry may have a forum to discuss occurrences and to discuss how to prevent such incidents from happening in the future.

The ITA Safety Committee also launched an awareness campaign by producing the Titanium and Combustible Metal Safety DVD also available on the ITA Website. In the 1-hour presentation, Kevin Kreitman, recently retired fire chief of Redding, California, ITA Member and Safety Consultant, provided an overview on National Fire Prevention Association’s (NFPA) Combustible Metal Standard (NFPA 484). Mr. Kreitman, who has written technical papers on combustible metals and metal

Paste OFA tag here.

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dusts and is an instructor at the U.S. National Fire Academy. NFPA 484 was created in 2002 by incorporating the requirements of six individual combustible metal standards, including NFPA 481 Standard for Titanium, into a single document. The six individual standards became chapters in the new standard.

Metals in a combustible form, including titanium, can present fire and explosion hazards. Improper handling of these materials in fire incidents, place personnel and responders at great risk, these risks however can be minimized through proper pre-planning, engineering, facility housekeeping, and training. Preventive actions are important to minimizing potential fire and explosion hazards. Knowledge of the risks associated with the metal and the form it is in along with proper housekeeping will greatly reduce risks and likelihood of an incident.

However, should an incident occur, how the incident is handled is critical to a safe outcome. The proper handling of fires involving titanium and metals in a combustible form does not occur by happenstance. One of the most important items is to ensure that pre-planning with emergency responders on the risks and hazards associated with titanium and other metals in a combustible form has taken place prior to the incident, to ensure proper actions are taken in the handling of the emergency which is critical to a safe outcome.

Developing a close working relationship with the facility and working closely with facility personnel is a must to minimize risks for the facility and emergency responders. Incidents involving a fire at a titanium plant or other facility involving metals in combustible form may very well present additional risks based on the form of the material involved, such as powders, dusts, molten metal, as well as the potential involvement of chemicals that may be associated with the processing of the metal.

The ITA Safety Committee underlined the following important disclaimer regarding the safety information it provides on the website: The safety information provided on the ITA website is not intended to replace applicable laws and regulations already in effect and currently being enforced by federal, state, and other rule-making authorities, but should only be read as helpful information for members of the ITA for the reasonable and effective implementation of safety standards already in existence. The ITA has not endeavored to promulgate safety standards or analyze the efficacy of existing standards. The ITA does not have the power to enforce and ensure industry wide compliance with the information contained herein; therefore, in no event will ITA be held liable for any damages whatsoever, including but not limited to damages to person or property from any use of the ITA’s safety information. The ITA makes no representation that it has located and listed all such regulatory agencies that may be applicable.

The ITA does not make specific recommendations regarding safety because the precise conditions are not known to ITA. Producers and users are responsible for conducting their own research and establishing appropriate policies and procedures for the safe operation of their facilities and use of titanium. The ITA does not report on or comment about news stories, or reports about specific incidents as ITA has no way of verifying the accuracy or applicability of such information.

Copies of the DVD available on the ITA Website

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CAMPAIGNS & INITIATIVES Continued

Lifetime Achievement Award:

2015 Executive Committee Members:

Edward A. Sobota, President – TSI Titanium (Chair)Stanley Abkowitz, ALCOA Titanium & Engineered ProductsJohn Andrews, Retired from ATIPaul Bania, Ti Pro LLCRodney Boyer, Retired Technical Fellow, Boeing

Robert Hill Jr., Solar Atmospheres of Western PAHarry Rosenberg, The Amargosa GroupMax Schlienger, Flight Rail CorpStanley Seagle, ConsultantJames Williams, Professor - Ohio State University

The International Titanium Association selected Walter E. Herman as the recipient of its prestigious 2015 Lifetime Achievement Award, honoring his many accomplishments during a distinguished 60-year career in the titanium industry.

Herman’s resume traces the early development of the titanium industry, from the Cold War days of the 1950s and through the decades of commercial development. Those that nominated him for the Lifetime Achievement Award provided glowing reviews of his extensive contributions to the titanium industry. Gordon Armitage, president, Hi Tech Alloys Inc., Walnut Creek, CA, cited Herman’s contributions related to development of the first industrial electron beam cold hearth melting

process (EBCHM) for removal of high- and low-density inclusions from recycled titanium as one the highlights in Herman’s career.

“Walt played a key role in the development of EBCHM to minimize the occurrence of melt-related defects in titanium alloys. This was extremely important to the aerospace engine industry due to some rather spectacular failures of disks on aircraft engines.”

As for new and imaginative uses for titanium, Armitage pointed to Herman’s work in the development of corrosion applications for titanium used in the chemical and metal finishing industry. “One of the most significant technical achievements Walt achieved was the development of corrosion applications for titanium for the plating industry.”

Born May 6, 1928, Herman grew up in Kinsman, OH, just a stone’s throw from the Pennsylvania border. After a stint in the Army he enrolled in the University of Cincinnati and graduated in 1953 with a Bachelor of Science degree in metallurgical engineering. After graduating, Herman landed a job as a metallurgist at Mallory Sharon Titanium, which was based in Niles, OH, and doing early work in titanium production. There were various iterations of the Mallory Sharon

Titanium business, thanks to partnerships with other industrial companies like U.S. Steel and National Distillers. Not long after Herman came on board, National Distillers brought a titanium and zirconium sponge plant into the corporation. In addition to titanium, the company, which became known as Reactive Metals, began processing both metals. All of this activity in Niles served as a precursor to the eventual formation of RTI International.

In an effort to broaden titanium’s businesses opportunities, Herman became involved in non-aerospace commercial applications, such as the chemical processing industry. Working in commercial market development for RMI, Herman said he’s especially proud of his accomplishments in developing titanium components for the highly corrosive nickel plating process.

He stayed with RMI for nearly 24 years, last serving as manager of customer technical services. In 1977 he accepted a position with Viking Metallurgical and moved to Verdi, NV, where the company was exploring EBCHM technology as a system to recycle valuable titanium machine turnings.

Herman retired in 1992 and said he still follows the titanium industry. He feels supply chain consolidation, which has unfolded in recent years, is a positive development. “I think the titanium industry is going in a good direction,” he observed.

Mr. Herman was presented with the 2015 Lifetime Achievement Award on October 5th in Orlando, Florida by ITA President, Dawne Hickton at the TITANIUM Conference, the 31st annual meeting of the International Titanium Association.

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CAMPAIGNS & INITIATIVES Continued

Trade Show Committee:

2015 Executive Committee Members: Mission:

Jerry St. Clair, President - Vulcanium Metals International LLC (Chair)

Tom Deming, Facility Manager of Safety and Security - T.I. (Titanium Industries, Inc.)

Larry Buhl, President & CEO – LHI Metals, Inc.

To bring awareness to To help facilitate the expanded use of titanium based products in existing and new market sectors and applications by enlarging the knowledge about Titanium through promoting at trade shows and distribution of collateral materials.

Objective:

To contribute to the growth of the overall titanium industry, and to promote the selection of titanium as a competitive material providing fundamental knowledge about Titanium and its applications.

The trade show committee conducts research on trade shows from around the globe and from various markets that would have best opportunity to promote the use of titanium. The committee collaborates with the Applications committee as part of the selection process.

The scope includes selecting trade shows where ITA should exhibit, as well as those the ITA should participate in a lesser role such as walking the shows or through literature stands. The committee meets after each event to discuss the success of the campaign.

The trade show committee reviews upcoming trade shows annually to make formal recommendations to the ITA Board of Directors. In 2015 the ITA hosted a booth display at:

Topsides Platforms Hulls (Industrial)

Offshore Technology Conference (Industrial)

NASS North American Spine Society Annual Meeting (Medical)

Electric Power Conference & Exhibition (Industrial)

International Paris Air Show (Aero)

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CAMPAIGNS & INITIATIVES Continued

WiT – Women in Titanium:2015 Executive Committee Members: Mission:

Dawne Hickton, (WiT Chair) Former CEO - RTI International Metals, Inc.Michelle Pharand, (WiT Vice Chair) Director Sales & Business Development -

Dynamet IncorporatedHolly Both, Vice President of Marketing - Plymouth Tube Co.Cindy Heatherington, Vice President Human Resources - TIMET, Titanium Metals

CorporationJill McGibbney, Medical Products Manager - Metalwerks PMD, Inc.Polina Sparks, Analysis Editor Non-Ferrous Metals - Argus Metal-Pages.comHeather Wollerman, Director of Human Resources - ATI

The mission of the WiT committee is two-fold: To develop a networking group of collegial women presently in the titanium industry; and to promote, attract, and encourage high school and college women to enter the titanium industry.

Objective:

To contribute to the growth of the overall titanium industry by providing mentoring, collegial and networking opportunities for women within the titanium industry and to take part in programs which advance gender equality in STEM fields for high school and college women.

WOMEN IN TITANIUM Underlines Mentoring to Attract, Cultivate and Retain Female ExecutivesDawne Hickton, the president of the International Titanium Association’s (ITA) board of directors, welcomed attendees to the first Women in Titanium (WiT) conference, the opening event of the annual ITA TITANUM Conference and Exhibition, held at Rosen Shingle Creek Golf Resort. Hickton marked the significance of the WiT gathering by giving credit to the grass-roots support of ITA members for making the event a reality. Hickton recalled that, last year at the ITA conference held in Chicago, she was approached by various female members of the organization, who expressed an interest in forming a networking group to support and mentor women employed in the titanium industry. The grass-roots membership also identified a need to create a networking/mentoring system to encourage young women at colleges and universities to consider careers in the titanium industry, as well as promote STEM educational curriculum (science, technology, engineering and mathematics).

It was this sentiment that led to the creation of WiT, she explained. “This is a reflection of what we can do as an organization,” Hickton said, addressing the WiT assembly on Oct. 4th Ultimately, she said the effort reflects the underlying concept of promoting leadership throughout the ITA and creating the opportunity to identify role models in a diverse industry association.

The WiT committee will focus on many aspects of mentoring, sponsoring, with an emphasis on listening to what members of the committee want to see accomplished. Studies have shown providing more opportunities for women in the workforce can be an important element of an organization’s strategy for the future. It is no longer just about “good corporate responsibility”. Including women in corporate culture is also becoming good business practice.

Leaders in management are responsible for creating the atmosphere and overseeing the organization’s diversity approach as it affects the strategy, risk, and performance of their company. Organizations who provide women with management opportunities may find

themselves leading as a contributor to success with improved profitability in this global economy.

Incorporating women in the workforce is becoming an increasingly important issue for companies in the U.S. Many countries are undergoing profound demographic shifts. Employers are grasping with an aging population, low birth rates and global competition for skilled workers. As the baby boomer generation enter into retirement, many organizations will experience skilled workforce shortages.

One of the key goals for the WiT committee will be to develop a mentoring program consisting of long-term relationships where protégés benefit from the professional experience of the mentor. The mentor’s main role will be to challenge the protégé and to guide her depending on her school or career aspirations. Mentors will be encouraged to inspire others, share their leadership skills, and offer their communication and interpersonal skills. Providing proactive career-oriented support, improving skills, competences, experience and networks through a sustainable and trustful relationship is an efficient and powerful method.

In 2015 the following meetings took place on behalf of WiT:

February 27, 2015 - Los Angeles, CA with Space X TourMay 10, 2015 - Birmingham, England UK with RTI Tamworth TourJune 15, 2015 - Paris Air Show ReceptionAugust 20-21, 2015 - Buffalo, New York with Goldman Titanium Recycling Industry TourOctober 4, 2015 - Orlando, Florida - 1st Women in Titanium Conference

Complete meeting summaries and a schedule of future activities are available at www.womenintitanium.org.

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APPLICATIONS COMMITTEES

ITA administers 4 Applications committees where working groups come together periodically throughout the year to work on market specific projects. The committees are divided into the following sub groups: Medical, Industrial, Consumer and Aerospace and each group has their own set of activities and objectives within the following common Mission and Objectives:

Mission:

To help facilitate the expanded use of titanium based products in existing and new market sectors and applications.

Objective:

To contribute to the growth of the overall titanium industry and to promote the selection of titanium as a competitive material by identifying new market sectors and applications and communicating this information to the other ITA committees in support of their annual goals and objectives.

ITA’s Committee for INDUSTRIAL Applications:

2015 Members:

Rob Henson, VSMPO Tirus US (Chair)Regis Baldauff, Titanium Industries, IncorporatedBill Brownlee, Titanium Fabrication Corp.Mitch Dziekonski, Titanium Engineers, Inc.

Jim Grauman, TIMET, Titanium Metals Corporation Ron Schutz, ALCOA Titanium & Engineered ProductsMike Stitzlein, Tricor MetalsChris Wilson, Uniti Titanium

2015 Activities include:

Industrial Committee Emphasizes How Life Cycle Costing Demonstrates True Long-Term Value of Titanium

Life cycle costing has long been put forth as a favorable metric to demonstrate titanium’s “good value” as a material of choice in a host of industrial applications. However, despite the math and logic that supports the use of titanium compared with competing materials, industry executives admit that this argument, despite its merits, falls short. In some cases, titanium is passed over due to short-term budget constraints for so-called “less-expensive” metals. It’s fair to say titanium’s durability and affordability as a long-term

investment for infrastructure or industrial projects simply doesn’t convince everyone.

The industrial committee hosted a life cycle costing session at the Orlando conference to address that entrenched mindset. Barry

Benator, the founder and president of Benetech Inc., Roswell, GA, a leadership and management consulting and training firm serving clients throughout the United States and internationally, produces an online seminar on life-cycle costing for the energy industry, and now looks to impart that knowledge to the titanium sector. Barry Benator spoke to TITANIUM USA delegates and provided the tools they need to make a more convincing case to win business. Mr. Benator provided the titanium industry the “ammunition” it needs to prove to potential customers how and why titanium can be a more affordable investment over the long term, even if there is an initial, higher “up-front” price tag compare with other metals.

Simply put, Benator defines life-cycle costing as a calculation to determine the long-term payback for an investment, taking into account the savings and cost over the entire life of a product or system. “The basic idea is: do I spend a bit more now to get a better system for the long haul,” Benator explained. “Customers are always concerned about their return on investment. A lot of this is intuitive, but some people have to understand it and ‘see’ it

Barry Benator, P.E., CEMFounder and PresidentBENATECH, Inc.

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before they truly believe it. I try to put together the rationale behind the numbers.”

Businesses and governments make important decisions based on financial benefits (and risks) to their organizations. For industrial projects like desalination installations, heat exchangers, and chemical or food processing, factors such as annual maintenance costs, reliability, production speeds and long-term performance come into play. And of course, material costs are factored into the front end of the equation. Mr. Benator’s lecture provided ITA Members with practical tools to help explain and prove the financial benefits of titanium, especially when the application calls for corrosion resistance and high strength. The course focused on sound financial comparisons of the strength, durability and other benefits of titanium.

DVDs of the lecture with a study guide may be ordered through the ITA Website.

The industrial committee invited George Hays as one of the distinguished guest speakers at TITANIUM USA held in Orlando, Florida. The economic basis for capital projects is generally focused on perceived economic benefit versus first cost – the cost to design and fully implement the project. Part of that plan is the design life of the project. Initial budgets are frequently established based on historical data that has been adjusted for inflation. But none of those data may be specific to the actual project. Funding commitments are generally made at that point in the process and it becomes very difficult to increase the initial budget once it is established. One of the major problems with this approach is that it does not consider the

economics of maintaining the viability of project over its entire life-cycle.

Mr. Hays’ presentation put forth the argument that a life-cycle approach is a better way to plan and implement a capital project. A life-cycle approach incorporates maintenance costs, down time, lost production and other economic factors into the initial project. It provides an opportunity to consider the benefits of using materials, methods and processes which may be more expensive on a first cost basis but have significant benefits over the economic life of the project. Where technically applicable, titanium would significantly benefit from a life-cycle approach to capital projects.

Bringing Mr. Hays to the ITA annual meeting provided members with a high level view of the global cost of corrosion which is estimated at 3% of global GDP. The role of titanium in the construction of reliable process equipment for power generation, municipal water supply, waste water treatment and air quality management systems

is well known to only a small segment of the global engineering community. To achieve broader awareness of the role of titanium in robust infrastructure projects we are working to assure titanium is included in this global conversation on corrosion.

Video Conference Proceedings of George Hays’ presentation is available through the ITA Website.

ITA’s Industrial Committee has achieved a significant first step in a project to remove restrictions on the use of Grade 12 titanium on the NACE MRO 175 specifications—a standard for the petroleum and natural gas industries regarding the use and performance of industrial materials in a corrosive, hydrogen-sulfide work environment. The hope is that removing certain restrictions will open up significant business opportunities for the titanium alloy.

Rob Henson, chair of the ITA’s Industrial Sub Group, said the key development to move the project forward involves working with the Corrosion Centre of Exova Group Plc, West Midlands, U.K., which will conduct testing on titanium Grade 12 and present the findings to Houston-based NACE, formerly known as National Association of Corrosion Engineers. Henson described Exova as “the perfect choice” to work with NACE, given Exova’s track record in such projects.

NACE standards, such as MRO 175 (maintenance, repair, and overhaul), are determined through a collection of laboratory experimental data and field experience. The MRO 175 standard addresses an industrial material’s ability to withstand stress cracking in a hydrogen sulfide environment, also known as a “sour service” or “sour gas environment.” Founded in 1943, NACE serves 30,000 members in 116 countries and is recognized globally as the premier authority for corrosion control solutions.

Henson, business development manager, VSMPO-Tirus US, said the Industrial Sub Group selected this task because removing restrictions on the use of Grade 12 titanium under the NRO 175 specification “will impact the titanium industry globally. It is a tangible deliverable to advance the cause of removing barriers to the use of titanium. This is a first step, but it’s a significant first step. We want to demonstrate that we are focused and on task for this project.”

Having established a roadmap for this program with Exova, Henson guessed that the process to have titanium Grade 12 fully approved under NACE’s MRO 175 (also known as ISO 15156, the international designation of the standard) will take about two years. Titanium Grade 12, an alloy that includes nickel and molybdenum, is very resistant to hydrogen sulfide industrial environments and represents a perfect application for this material, according to Henson. However, he pointed out that

George F. Hays, PEDirector GeneralWorld Corrosion Organization

APPLICATIONS COMMITTEES Continued

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titanium Grade 12 currently is “not in harmony” with the MRO 175 specification, originally written in the 1980s, in areas such as basic mill practices, plate hardness and heat-treating techniques. He was confident Exova would demonstrate titanium Grade 12 can meet the corrosion testing requirements of the specification without limiting mill production parameters and at higher hardness levels.

Applications for titanium Grade 12 in oil and gas production would include valves, pipes, fittings and heat exchangers. Such components, under MRO 175, must be certified to resist “catastrophic cracking” and failure when operating in a corrosive hydrogen sulfide environment. Henson pointed out that, in addition to being corrosive, hydrogen sulfide is a lethal gas.

“MRO 175 is a legally binding specification,” Henson said. “There can be no exceptions as far as meeting the specification. If an industrial material is being considered by an engineering company for use as a component in a hydrogen sulfide environment, and there are any exceptions to the MRO 175 standard, then that material will automatically get a red line through it.” He said that nickel alloys are currently the material of choice under the MRO 175 standard for use in hydrogen sulfide environments for the oil and gas industry. However, if the restrictions on use of titanium Grade 12 are removed from the NACE standard, Henson said this will create an important business opportunity for the titanium alloy, as it is less expensive than nickel alloys while offering equal or enhanced in-service performance properties.

For more information on the current activities of this project, please contact the ITA.

ITA’s Committee for CONSUMER Applications:

2015 Members:

William (Bill) Seeley, Owner – Deviations (Chair)Joe Newland, Jr., Sales - Tricor Industrial, Inc.Paul Godown, Vice President - United Alloys & Metals, Inc. /

Cronimet

The newly formed Consumer committee will be meeting regularly to discuss topics including but not limited to the following activities:

• Promoting the use of Titanium metal which may include advertising, ITA Website content, sessions, exhibits or demonstrations at the annual convention.

• Contribute ideas toward editorial content for the Titanium Today magazine and also make suggestions for other trade publications where ITA may submit editorial content in favor of using titanium metal as a material of choice for consumer applications.

• Introducing the public who may be interested in using Titanium with ITA members who may offer assistance.

• Recommend consumer related trade shows & collateral materials to the Trade Show committee for consideration in exhibiting.

• Work with Education committee to develop new ideas how to mentor and educate youth to promote new generations entering STEM and titanium fields.

APPLICATIONS COMMITTEES Continued

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ITA is the Secretariat of the Titanium Consortium and is the consortium’s administrative branch for coordinating any questions from the public, acts as custodian of REACH original documentation, and organizes meetings associated with REACH. ITA will continue to support the REACH consortium through the last registration date of 31st May 2022.

The manufacturers of the Titanium industry have joined efforts for their REACH compliance activities and have launched the REACH Titanium Consortium.

The Members, having a common interest in fulfilling the requirements laid down by the REACH Regulation, wish to form a consortium. This consortium is open to any other interested company, whether or not established in the Community, or any entity able to facilitate the achievement of their purpose. This includes downstream users and Industry Associations, allowing them to share human and financial resources involved in complying with the REACH Regulation and to file a harmonised set of data for registration.

REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) is the new EU regulation on chemical substances and is directly applicable in all EU Member States as well as Norway, Iceland, and Liechtenstein. It is a complete and radical review of policy on chemical substances. Most chemical substances currently placed on the EU market are subject to registration with the European Chemicals Agency (ECHA) by their manufacturers and/or importers. REACH will requires registration for each chemical substance manufactured or imported into the EU in quantities of one tonne or more per year with few exceptions.

Registration is completed by submitting a registration dossier consisting of a technical dossier and chemical safety report. Parts of the technical dossier must be submitted jointly by manufacturers and/or importers of the same substance. In addition, REACH imposes a data-sharing obligation on manufacturers and/or importers of the same substances to ensure that studies and tests are conducted only when necessary, especially if the tests involve animals.

The Consortium enables manufacturers and importers is to join forces and jointly comply with the requirements under the REACH Regulation (1907/2006) for the

registration of titanium. In particular, the Members undertake to identify, propose and perform joint studies including vertebrate animal studies for the purpose of Registration. More specifically, the Members aim to achieve uniform pre-Registration of the Relevant Substances and preparation and submission of Core Data for the Registration of the Substances and, to that effect, they undertake to review and share existing data, fill data gaps, and share the costs incurred in developing missing data.

REACH TITANIUM CONSORTIUM

 

REACH Deadlines:

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FINANCIALS For the year ended December 31

As we review the 2015 income statement with 2014, we see an increase in membership dues by 4%. Conference registration revenue decreased by 10%, which was anticipated as a result of the European and US conference attendance leveling out. Committee expenses decreased by 23% and general & administrative allocated to programs also decreased by 22% accordingly.

While the ITA Board of Directors approved decreasing the reserve balance to support committee projects, approximately $182,000 in 2014 and $130,000 in 2015, the 2016 reserve balance is anticipated to remain at $1.2 Million with future committee funding to be underwritten by net proceeds from the conferences and other non-dues related income. ITA will continue to act in its fiduciary responsibility to invest reserves in conservative vehicles which will not jeopardize principal and which are FDIC insured.

2015 2014 2013 2012 2011Revenue

Membership Dues $ 828,184 $ 794,241 $ 781,818 $ 765,993 $ 748,766

Conference 1,282,156 1,433,620 1,525,055 1,149,149 983,557

Education 29,296 30,281 31,034 32,860 74,618

Publication Sales 96,883 86,881 63,852 77,363 91,979

Interest & Misc. Income 27,374 30,800 17,252 14,135 6,360

Total Revenue $ 2,263,893 $ 2,375,823 $ 2,419,011 $ 2,039,500 $ 1,905,280

Expenditures

Program services:

Conference Expense 1,375,518 1,337,886 1,256,447 986,929 885,299

Committees 222,154 287,450 162,677 147,588 214,256

G & A allocated to Programs 383,206 493,402 444,106 498,544 442,259

Total Program Services $ 1,980,878 $ 2,118,738 $ 1,863,230 $ 1,633,061 $ 1,541,814

Supporting services:

General and Administrative 229,324 252,590 243,726 181,430 245,594

Membership Development 183,394 186,190 181,368 202,290 162,749

Total Supporting Services $ 412,719 $ 438,780 $ 425,094 $ 383,720 $ 408,343

Total Expenditures $ 2,393,597 $ 2,557,518 $ 2,288,324 $ 2,016,781 $ 1,950,157

Increase (Decrease) in Fund Balance (129,704) (181,695) 130,687 22,719 (44,877)

Fund Balance, Beginning of Year 1,344,578 1,785,490 1,444,631 1,421,912 1,466,789

Fund Balance, End of Year $ 1,214,874 $ 1,603,795 $ 1,575,318 $ 1,444,631 $ 1,421,912

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INTERNATIONAL

TITANIUM ASSOCIATION

Download an Application Today at www.titanium.org

International Titanium Association abides by antitrust guidelines and a separate resolution which specifies that issues on price, capacity or market forecasts past, present or future will not be discussed in any ITA gathering.

JOIN US ITA offers a wide spectrum of membership categories to provide all producers,

users, consumers and vendors who are involved with the titanium industry

with the opportunity to join and take advantage of membership benefits.

As our gift to you, all new Members of the ITA receive a beautifully inscribed

titanium plaque showing your membership with the International Titanium

Association is in good standing. Additional plaques may be ordered to display

in your regional offices or as part of your exhibit display at trade shows.