Aleris Signs Multi-Year Contract With Airbus
By Aleris, PRNEWednesday, June 22, 2011
BEACHWOOD, Ohio, June 23, 2011 -
Aleris announced that it has signed a five-year contract to
provide aluminum plate and sheet in a range of alloys to Airbus for
its global programs. The agreement covers supply for the years 2012
through 2016, and reconfirms Aleris’s longstanding position as a
major supplier and strategic partner to Airbus.
The agreement also includes the development of a recycling
program, where Aleris will recycle scrap for Airbus. Aleris
is a leader in merchant aluminum recycling.
“Aleris and Airbus have enjoyed a productive and beneficial
15-year partnership,” said Steven J. Demetriou, Aleris chairman and
chief executive officer. “This contract strengthens our position as
a key global supplier to Airbus, and as a leading supplier of
aluminum in the aerospace industry. Airbus will benefit from
the advanced manufacturing capabilities and research and
development investments that enable us to provide increasingly
sophisticated aluminum solutions for customer needs.”
Product will be produced by Aleris at its state-of-the-art plant
in Koblenz, Germany and at its Duffel, Belgium operations, which
support the company’s advanced production capability for aircraft
sheet. Aleris also will supply plate to Airbus from its new
plate mill in China when construction of that plant is completed in
late 2012. ”We believe that our $300 million investment in
the China plant uniquely positions Aleris to supply plate from Asia
to customers in a variety of industries,” said Demetriou.
Demetriou and Roeland Baan, Aleris executive vice president and
chief executive officer, Europe and Asia, attended the signing
ceremony at the Paris Air Show. Attending for Airbus were
Klaus Richter, executive vice president, Procurement, and Eric
Zanin, senior vice president and head of Material and Parts
Procurement.
About Aleris
Aleris is a privately-held, global leader in aluminum rolled
products and extrusions, aluminum recycling and specification alloy
production. Headquartered in Beachwood, Ohio, the company
operates more than 40 production facilities in North America,
Europe and Asia. For more information, visit
Forward-Looking Statements
Certain statements 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 future costs and prices of commodities,
production volumes, industry trends, demand for our products and
services, anticipated cost savings, anticipated benefits from 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. 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, our end-use segments and our customers’ industries; (3)
our ability to fulfill substantial capital investment requirements;
(4) variability in general economic conditions on a global or
regional basis; (5) our ability to enter into effective aluminum,
natural gas and other commodity derivatives or arrangements with
customers to effectively manage our exposure to commodity price
fluctuations and changes in the pricing of metals; (6) increases in
the cost of raw materials and energy; (7) the loss of order volumes
from or the retention of our major customers; (8) our ability to
generate sufficient cash flows to fund capital expenditure
requirements and debt service obligations; (9) competitor pricing
activity, competition of aluminum with alternative materials and
the general impact of competition in our industry segments; (10)
risks of investing in and conducting operations on a global basis,
including political, social, economic, currency and regulatory
factors; (11) liabilities under and costs of compliance with
environmental, labor, health and safety laws; and (12) 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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Kristen Bihary, +1-216-910-3664
Tags: Aleris, Beachwood, June 23, Ohio
