Titanium Metals Corporation produces and sells titanium melted and mill products. It provides titanium sponge, which is the basic form of titanium metal used in titanium products; melted products, such as ingots, electrodes, and slabs that are the result of melting titanium sponge and titanium scrap; mill products, which are forged and rolled from ingot or slab, including billets, bars, plates, sheets, strips, and pipes; and fabrications, such as spools, pipe fittings, manifolds, and vessels, as well as offers titanium scrap and titanium tetrachloride. The company serves commercial aerospace and military sectors; and desalination, chemical, oil and gas, consumer, sporting goods, healthcare, automotive, and power generation industries. Titanium Metals Corporation distributes its products through its sales force in the United States and Europe; and through independent agents and distributors internationally. The company was founded in 1950 and is based in Dallas, Texas. As of December 20, 2012, Titanium Metals Corporation operates as a subsidiary of Precision Castparts Corp.