News Releases

Aleris Attains Qualification to Supply Airbus from Zhenjiang, China

Aleris ready to supply aerospace plates to Airbus

Jan 14, 2015

CLEVELAND, Jan. 14, 2015 /PRNewswire/ -- Aleris announced today that its new rolling mill in Zhenjiang, China has attained qualification to supply aluminum aerospace plate to Airbus. This achievement establishes Aleris as a qualified supplier of aluminum plate from its Zhenjiang mill for use in the production of various Airbus aircraft.

Logo - http://photos.prnewswire.com/prnh/20140115/CL46886LOGO

Aleris' facility in Koblenz, Germany has supplied aluminum aerospace plate to Airbus for decades. Aleris Zhenjiang, which was opened in early 2013, was modeled after the Koblenz facility to meet the needs of both global and regional aircraft manufacturers by establishing a local supply of aluminum aircraft plate in Asia Pacific.

"This qualification represents a major milestone in our growth strategy, and we are excited about our ability to supply Airbus from two strategically important locations - Europe and Asia Pacific," Steve Demetriou, Aleris chairman and CEO said.  "Airbus is one of the world's largest aircraft manufacturers, and this achievement serves as further validation of our Zhenjiang plant's ability to deliver high-quality, advanced aluminum plate that meets the rigorous specifications required to serve the aerospace industry in a region that is expected to experience significant growth in demand for new aircraft."

In June 2014, Aleris announced the Zhenjiang plant's achievement of Nadcap accreditation, which allowed the company to move into the final stages of qualification with Airbus and other major aircraft manufacturers. Bombardier and COMAC have also qualified the Zhenjiang facility and shipments of aircraft plate began at the end of 2014.  Aleris Zhenjiang is believed to be one of the first facilities in Asia Pacific qualified to produce aluminum plate for a major global aircraft manufacturer.

Since opening last year, while pursuing the qualification process for aerospace plate production, Aleris Zhenjiang has been shipping orders to commercial plate customers globally. These products serve a number of technically demanding end uses including engineering, transportation, ship-building, and air separation units. As a pre-requisite for these end uses the Zhenjiang plant has also received approval from many certification societies such as TUV, the American Bureau of Shipping, Det Norske Veritas, Class NK, and Bureau Veritas to supply products into ship-building, silo, pressure vessel and other industries.

About Aleris

Aleris is a privately held, global leader in aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Headquartered in Cleveland, Ohio, Aleris operates approximately 40 production facilities in North America, Europe and Asia. For more information, visit www.aleris.com

Forward-Looking Statements

Certain statements contained in this press release are "forward-looking statements" within the meaning of the federal securities laws. Statements under headings with "Outlook" in the title and statements about our beliefs and expectations and statements containing the words "may," "could," "would," "should," "will," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," "look forward to," "intend" and similar expressions intended to connote future events and circumstances constitute forward-looking statements. Forward-looking statements include statements about, among other things, future costs and prices of commodities, production volume, industry trends, demand for our products and services, anticipated cost savings, anticipated benefits from acquisitions or divestitures or new products or facilities, and projected results of operations. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in or implied by any forward-looking statement. Some of the important factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, the following: (1) our ability to successfully implement our business strategy; (2) the cyclical nature of the aluminum industry, material adverse changes in the aluminum industry or our end-use segments, such as global and regional supply and demand conditions for aluminum and aluminum products, and changes in our customers' industries; (3) our ability to fulfill our substantial capital investment requirements; (4) variability in general economic conditions on a global or regional basis; (5) our ability to retain the services of certain members of our management; (6) our ability to enter into effective metal, natural gas and other commodity derivatives or arrangements with customers to manage effectively our exposure to commodity price fluctuations and changes in the pricing of metals, especially London Metal Exchange-based aluminum prices; (7) our internal controls over financial reporting and our disclosure controls and procedures may not prevent all possible errors that could occur; (8) increases in the cost of raw materials and energy; (9) the loss of order volume from any of our largest customers; (10) our ability to retain customers, a substantial number of whom do not have long-term contractual arrangements with us; (11) our ability to generate sufficient cash flows to fund our capital expenditure requirements and to meet our debt service obligations; (12) competitor pricing activity, competition of aluminum with alternative materials and the general impact of competition in the industry segments we serve; (13) risks of investing in and conducting operations on a global basis, including political, social, economic, currency and regulatory factors; (14) current environmental liabilities and the cost of compliance with and liabilities under health and safety laws; (15) labor relations (i.e., disruptions, strikes or work stoppages) and labor costs; (16) our levels of indebtedness and debt service obligations, including changes in our credit ratings, material increases in our cost of borrowing or the failure of financial institutions to fulfill their commitments to us under committed credit facilities; (17) our ability to access the credit and capital markets; (18) the possibility that we may incur additional indebtedness in the future; (19) limitations on operating our business as a result of covenant restrictions under our indebtedness and our ability to pay amounts due under the Senior Notes; (20) the transactions contemplated by the purchase and sale agreement (including the possibility that the transactions may not close or that, if a transaction does close, Aleris may not realize the anticipated benefits from such transaction) we entered into on October 17, 2014; (21) the transactions contemplated by the definitive agreement (including the possibility that the transactions may not close or that, if a transaction does close, Aleris may not realize the anticipated benefits from such transaction) we entered into on December 18, 2014; and (22) other factors discussed in our filings with the Securities and Exchange Commission, including the sections entitled "Risk Factors" contained therein. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether in response to new information, futures events or otherwise, except as otherwise required by law.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aleris-attains-qualification-to-supply-airbus-from-zhenjiang-china-300020473.html

SOURCE Aleris

For further information: Media, Shannon Bennett, 216.910.3664, shannon.bennett@aleris.com; Jason Saragian, 216.910.3670, jason.saragian@aleris.com