Allegheny has announced an expansion of its premieum-melt nickel-based alloy,super alloy,and speciality alloy production capabilities. Over the next 15 months the capacity expansions are expected to total to about $30 million . These will be funded from internal cash flow. The high perfomance alloys are used for air frame applications, oil and gas exploration , aeroengine rotating parts, extraction,flue gas desulfurization pollution control units and refining and power generation land-based turbines . By approximately 20% the projects are expected to increase ATIs premieum - melt capacity.Major projects of this expansion include upgrading and expanding vaccum induction melt(VIM) capacity. VIM is a melting proccess designed for premieum grades with high alloy content that require more precise chemistry control and lower impurity levels. Installation of two new electro-slag re-melt(ESR) furnaces and three new vaccum arc re-melt(VAR) furnaces. ESR and VAR furnaces are consumable electrode re-melting processes used to improve both the cleanliness and metallurgical structure of alloys. Following the project expansions,the company is expecting growth of approximately $70 million of annual revenue with attractive after-tax returns.