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
October 18, 2001
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(Date of Report, date of earliest event reported)
TITANIUM METALS CORPORATION
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(Exact name of Registrant as specified in its charter)
Delaware 0-28538 13-5630895
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation) Number)
1999 Broadway, Suite 4300, Denver, CO 80202
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(Address of principal executive offices) (Zip Code)
(303) 296-5600
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name or address, if changed since last report)
Item 5: Other Events
On October 16, 2001 the Registrant issued the press release attached hereto
as Exhibit 99.1, which is incorporated herein by reference. The press release
relates to an announcement by Registrant that it has entered into an agreement
in principle with Nippon Steel Corporation to jointly market Registrant's
TIMETAL(R) LCB to automotive original equipment and aftermarket manufacturers in
Japan.
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 October 16, 2001 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/Joan H. Prusse
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Joan H. Prusse
Vice President, Deputy General Counsel
and Secretary
Date: October 18, 2001
EXHIBIT 99.1
PRESS RELEASE
FOR IMMEDIATE RELEASE: CONTACT:
Titanium Metals Corporation Mark A. Wallace
1999 Broadway, Suite 4300 Executive Vice President
Denver, Colorado 80202 and Chief Financial Officer
(303) 296-5615
TIMET AND NIPPON STEEL ENTER AUTOMOTIVE MARKETING AGREEMENT
DENVER, COLORADO . . . October 16, 2001 . . . Titanium Metals Corporation
("TIMET") (NYSE: TIE) announced today that is has entered into an agreement in
principle with Nippon Steel Corporation ("NSC") to jointly market TIMET's
TIMETAL(R)LCB to automotive original equipment and aftermarket manufacturers in
Japan. Upon completion of a definitive agreement, TIMET will make TIMETAL LCB, a
patented titanium alloy with superior spring characteristics, available to the
Japanese automotive market exclusively through NSC. NSC is the recognized leader
in alloy steel suspension spring wire processing with an estimated 50% share of
Japanese production and 14% of world production.
TIMET will provide NSC with an assured supply of TIMETAL LCB for the
Japanese automotive market while potentially expanding the presence and usage of
TIMET's proprietary alloy. The agreement in principle follows TIMET's strategy
of negotiating long-term partnering agreements to drive production costs to a
point where titanium is cost competitive in specific applications for high
volume production vehicles.
TIMET and NSC will also engage in joint marketing, sales, and technical
support efforts to help both companies establish mutually beneficial commercial
and technical relationships involving TIMETAL LCB with Japan-based suspension
spring manufacturers, and automobile, motorcycle, and truck producers.
TIMET, headquartered in Denver, Colorado, is a leading worldwide integrated
producer of titanium metal products. Information on TIMET is available on the
World Wide Web at http://www.timet.com/.
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