Aleris Attains Qualification to Supply Boeing from Zhenjiang, China
New plant has now attained all major qualifications to serve global aerospace industry
Mar 15, 2015
CLEVELAND, March 15, 2015 /PRNewswire/ -- Aleris announced today that its rolling mill in Zhenjiang, China has attained qualification to supply aluminum aerospace plate to Boeing. This achievement establishes Aleris as a qualified supplier of aluminum plate from its Zhenjiang mill for use in the production of various Boeing aircraft.
Aleris' facility in Koblenz, Germany, has supplied aluminum aerospace plate to Boeing for decades. Aleris Zhenjiang, which 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.
"The achievement of the Boeing qualification represents the final major milestone in our strategy to serve the global aerospace industry from our new facility in Zhenjiang, China," Steve Demetriou, Aleris chairman and CEO said. "We are proud of the plant's ability to produce high-quality aerospace plates that meet Boeing's rigorous specifications and look forward to serving Boeing from another strategically important location in a region that is projected to see significant growth in demand for new aircraft over the next several years."
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 Boeing and other major aircraft manufacturers. Airbus, Bombardier and COMAC have also qualified the Zhenjiang facility and shipments of aircraft plate began at the end of 2014. Aleris Zhenjiang is one of the first facilities in Asia Pacific qualified to produce aluminum plate for the major global aircraft manufacturers.
Since opening in 2013, 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 TÜV, 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.
Aleris is a privately held, global leader in aluminum rolled products serving diverse industries including aerospace, automotive, building and construction, commercial transportation and industrial manufacturing. Headquartered in Cleveland, Ohio, Aleris operates production facilities in North America, Europe and Asia. For more information, visit www.aleris.com.
Certain statements contained in this press release are "forward-looking statements" within the meaning of the federal securities laws. 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 success of past and future acquisitions or divestitures; and (21) 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.
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