News Releases

Aleris Secures New Multi-Year Contract with Embraer

Supply of technically advanced alloys to strengthen the companies' longstanding relationship

Dec 19, 2017

CLEVELAND, Dec. 19, 2017 /PRNewswire/ -- Aleris has signed a new multi-year contract with Embraer to supply aluminum flat rolled products for use in the production of all Embraer aircraft. The renewed contract agreement includes the supply of technically advanced alloys and extends the portfolio of products for different applications. The expanded relationship demonstrates how Aleris continues to meet Embraer's high expectations as its primary supplier of aluminum flat rolled products.

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"Our continued investment in growing our technical capabilities has enabled us to further expand our relationship with Embraer, and we look forward to working with them to achieve their aircraft manufacturing and design goals," Sean Stack, Aleris chairman and CEO said.  "With a world class aerospace aluminum plate facility in Asia Pacific, we are also uniquely positioned to help them meet aerospace demand in the region which is projected to experience the most significant growth."

The contract includes the supply of material from the company's facilities in Koblenz, Germany and Zhenjiang, China, the latter of which represents a greenfield project for Aleris which opened in 2013.

About Aleris

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

About Embraer

Embraer is the leading manufacturer of commercial jets up to 130 seats. The company designs, develops, manufactures and markets aircraft and systems, providing customer support and services.

The company maintains industrial units, offices, service and parts distribution centers, among other activities, across the Americas, Africa, Asia and Europe. 

For more information, please visit http://www.embraer.com/global

Forward-Looking Statements

Certain statements included herein may be deemed to be "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 volumes, industry trends, anticipated cost savings, anticipated benefits from new products, facilities, acquisitions or divestitures, projected results of operations, achievement of production efficiencies, capacity expansions, future prices and demand for our products and estimated cash flows and sufficiency of cash flows to fund capital expenditures. 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. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the following: (1) our ability to successfully implement our business strategy; (2) the success of past and future acquisitions or divestitures; (3) the cyclical nature of the aluminum industry, material adverse changes in the aluminum industry or our end-uses, such as global and regional supply and demand conditions for aluminum and aluminum products, and changes in our customers' industries; (4) increases in the cost, or limited availability, of raw materials and energy; (5) our ability to enter into effective metal, energy 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; (6) our ability to generate sufficient cash flows to fund our capital expenditure requirements and to meet our debt obligations; (7) competitor pricing activity, competition of aluminum with alternative materials and the general impact of competition in the industry end-uses we serve; (8) our ability to retain the services of certain members of our management; (9) the loss of order volumes 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 fulfill our substantial capital investment requirements; (12) risks of investing in and conducting operations on a global basis, including political, social, economic, currency and regulatory factors; (13) variability in general economic conditions on a global or regional basis; (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 internal controls over financial reporting and our disclosure controls and procedures may not prevent all possible errors that could occur; (17) 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 facilities; (18) our ability to access credit or capital markets; (19) the possibility that we may incur additional indebtedness in the future; (20) 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; 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.

SOURCE Aleris

For further information: Media Contacts: Shannon Bennett, 216.910.3664, shannon.bennett@aleris.com; Jason Saragian, 216.910.3670, jason.saragian@aleris.com; Investor Contact, Eric Rychel, 216.910.3229, investor@aleris.com


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