Global Titanium, Inc. (“GTI”)
purchases and processes titanium scrap and produces titanium
briquettes, ingots and wire. Its market for these products
includes five segments of the steel industry; titanium parts,
stainless steel, steel, aluminum and superalloys. The DIF
loan was used as part of a capital restructuring for the company
which provided an avenue to improve its margins through improved
materials management, increased sales to new customers and
a modest amount of capital improvements related to emissions
control and manufacturing processes. GTI has operated out
of its Detroit facility since the 1950s. This transaction
was done in partnership with National City Bank and Shorebank.
