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Price drop hurts Henderson plant owner

Monday, July 24, 2000 | 11:11 a.m.

DENVER -- Titanium Metals Corp., operator of a big plant near Las Vegas in Henderson, reported a quarterly loss before restructuring charges of $10.1 million or 32 cents per share vs. a loss in the 1999 quarter of $2.5 million or 8 cents per share.

Sales of $108.8 million were down 15 percent as prices fell but sales volume increased. Aerospace industry inventory levels remain high, hurting Timet. The titanium maker also said it's in talks to settle a lawsuit it filed against Boeing over titanium sales to Boeing.

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