Aleris Breaks Ground for $300 Million Greenfield Rolling Mill in ChinaBy Aleris International Inc., PRNE
Monday, January 17, 2011
BEACHWOOD, Ohio, January 18, 2011 - Aleris International, Inc. today broke ground for the construction of a
state-of-the-art aluminum rolling mill in China's Zhenjiang City, Jiangsu
Province that will produce semi-finished rolled aluminum products in a joint
venture with Zhenjiang Dingsheng Aluminum Industries Joint-Stock Co., Ltd.
Aleris will own an 81 percent equity interest in the venture, named Aleris
Dingsheng Aluminum (Zhenjiang) Co., Ltd.
The factory will produce rolled aluminum plate, heat-treated plate and
non-heat treated plate for the aerospace, general engineering, tooling and
molding, petrochemical and transportation industries. The company said that
the operation also has the potential to manufacture product for automotive
"This groundbreaking is a tangible demonstration of our commitment to
serving customers in China," said Steven J. Demetriou, Aleris chairman and
chief executive officer. "We appreciate and value the collaboration with our
partner, Dingsheng, and the support of Jiangsu Province and the City of
Zhenjiang, which have helped make this new industrial venture possible. We
look forward to a long and productive relationship with all involved."
The Aleris-Dingsheng partnership will build and operate one of the most
technologically advanced rolling mills in the world. The potential rolling
force of this hot mill qualifies it as the world's strongest, similar to the
one at Aleris's Koblenz, Germany facility. Additionally, various advanced
commercial plate products developed by Aleris will be produced at the
Zhenjiang facility, providing a range of alloy options for Chinese customers.
The mill is designed for an eventual capacity of approximately 250,000
metric tons, with approximately 100,000 square meters initially under roof,
on more than 280,000 square meters of land. Construction is expected to be
completed within two years, with product shipping to customers by the fourth
quarter of 2012.
Aleris International, Inc. is a privately-held, global leader in aluminum
rolled products and extrusions, aluminum recycling and specification alloy
production. Headquartered in Beachwood, Ohio, U.S.A., the company operates
more than 42 production facilities in the Americas, Europe and Asia. For more
information, visit www.aleris.com.
Aleris has no obligation under the Securities Act of 1933, as amended,
the Securities Exchange Act of 1934, as amended, or other laws to publicly
disclose financial or other information regarding its business. Aleris may
publicly disclose certain information from time to time, in its sole
discretion. Aleris may also determine not to publicly disclose any
information, in its sole discretion, notwithstanding prior disclosures or any
pattern of prior disclosures.
The information disclosed in this press release is believed by Aleris to
be accurate as of the date hereof. Aleris expressly disclaims any duty to
update the information contained in this press release. Persons engaging in
any transactions with Aleris or in Aleris's securities are cautioned that
there may exist other material information regarding Aleris that is not
(Logo: photos.prnewswire.com/prnh/20050504/CLW056LOGO )
Kristen Bihary, Aleris, +1-216-910-3664; Ben Morgan or Bob Chen, APCO Worldwide, +86-21-5298-4668
Tags: Aleris International Inc, Beachwood, January 18, Ohio