A subsidiary of Oregon-based Precision Castparts has agreed to pay the largest fine ever for a violation of the Toxic Substances Control Act.
Titanium Metals Corporation is based in Henderson, Nevada and is one of the world's largest producers of titanium parts for jet engines.
Precision Castparts bought the company in 2012, in one of Oregon's biggest deals of the year.
But now, under a settlement with the US EPA and the Department of Justice, Titanium Metals has agreed to a record $13.75 million fine. The money will pay for the investigation and cleanup of potential contamination from the unauthorized manufacture and disposal of PCBs.
The EPA expects the settlement to result in the removal of 42 tons of PCB-contaminated waste from the environment each year.
The consent decree has been lodged in Nevada District Court. It's subject to a 30-day public comment period and approval by the federal court.
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This story originally appeared on Oregon Public Broadcasting.