Titanium Metals Corp · 8-K · For 10/5/98 · EX-99.1

Filed On 10/6/98   ·   SEC File 1-14368   ·   Accession Number 1011657-98-31

Current Report   ·   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3      9K 
 2: EX-99.1     Miscellaneous Exhibit                                  3      9K 

EX-99.1   ·   Miscellaneous Exhibit

EX-99.1
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                                                                    Exhibit 99.1

 PRESS RELEASE

PRESS RELEASE 

FOR IMMEDIATE RELEASE                             FOR FURTHER INFORMATION       
CONTACT:                                                                        

Titanium Metals Corporation                       J. Landis Martin              
1999 Broadway, Suite 4300                         Chairman and CEO              
Denver, Colorado  80202                           303-296-5600                  

TIMET AND NIPPON STEEL ANNOUNCE 
JOINT DEVELOPMENT EFFORTS IN ARCHITECTURAL TITANIUM 

  DENVER, COLORADO. . . October 5, 1998 . . . At the annual meeting of the
International Titanium Association being held this week, Titanium Metals        
Corporation ("TIMET") (NYSE: TIE) and Nippon Steel Corporation announced that   
they have signed an Architectural Titanium Conversion Services Agreement as the 
first step in what the two companies anticipate will become a formal cooperative
venture to develop and grow the market for architectural titanium products.     

   Titanium is being used increasingly as an architectural cladding material
primarily for roof and wall panels because of its corrosion resistance and      
natural beauty.  Although the market for architectural titanium has historically

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been focused in Japan, in 1997, TIMET made a significant breakthrough when it   
supplied the architectural titanium used for the exterior of the Guggenheim     
Museum in Bilbao, Spain.                                                        

    Nippon Steel and TIMET have agreed to a phased program of cooperation with
a view to expanding the market for architectural titanium by using the          
combination of their expertise and capabilities to bring lower cost, higher     
quality titanium products to the worldwide architectural community.  In         
particular, the integration of TIMET electron-beam melting technology and Nippon
Steel finishing capabilities brings together two sets of technologies well      
suited to serve this goal.                                                      

  As the first stage of this program, Nippon Steel will provide TIMET with
conversion services to produce high quality, finished architectural products    
from TIMET starting material.  TIMET will utilize its worldwide sales network to
market this expanded array of architectural products under the TIMET name.      

    Nippon Steel, headquartered in Tokyo, Japan, (President: Akira Chihaya) is
the world's largest steel producer and a major producer of titanium products.   
Information about Nippon Steel is available on the worldwide web at             
http://www.nsc.co.jp.                                                           

     TIMET, headquartered in Denver, Colorado, is a leading worldwide integrated
producer of titanium metal products. Information about TIMET is available on the
worldwide web at http://www.timet.com.                                          

    The statements in this release relating to matters that are not historical
facts are forward looking statements that involve risks and uncertainties,      
including but not limited to, the cyclicality of the commercial aerospace       
industry, future global economic conditions, global productive capacity,        
competitive products, and other risks and uncertainties included in TIMET's     
filings with the Securities and Exchange Commission.                            

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oo   o   o   o

Dates Referenced Herein   and   Documents Incorporated By Reference

				Referenced-On Page
This 8-K Filing		Date		First		Last			Other Filings
For The Period Ended		10/5/98		1					8-K
Filed On / Filed As Of		10/6/98
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