The purpose of this study is to evaluate the influence of hot swaging (SW) and annealing treatment on microstructure and mechanical properties of commercially pure titanium (grade 4) produced by investment casting. During SW at 700°C, the diameter of the cast titanium bars was reduced from 25 to 8.5 mm in 14 steps. After SW, material was annealed for 1 h at 500, 700, or 870°C. The as-cast samples showed a typical microstructure consisting of a variety of a-morphologies, while the hot swaged samples exhibited a kinked lamellar microstructure. Annealing at 500°C did not significantly change this microstructure, while annealing at both 700 and 870°C led to recrystallization and formation of equiaxed microstructures. The cast bars exhibited a typical hard a-layer in near-surface regions with maximum depth and maximum hardness of 720 lm and 660 HV0.5, respectively. Due to SW, the tensile strength of the as-cast material drastically increased from 605 to 895 MPa. Annealing at 500°C decreased this tensile strength slightly from 895 to 865 MPa while annealing at 700°C led to a further pronounced drop in tensile strength from 865 to 710 MPa. No additional decrease in tensile strength was observed by increasing the annealing temperature from 700 to 870°C. The tensile ductility of the as-cast and hot swaged samples was approximately the same in the range of 0.05 to 0.11, while the annealed samples showed values in the range of 0.25 to 0.53. In addition, the as-cast and hot swaged samples revealed a brittle cleavage fracture surfaces. However, the annealed samples showed a transgranular ductile fracture with formation of dimples.