Aleris Zhenjiang Reaches Key Milestone in Aircraft Plate Qualification Process
ZHENJIANG, China, Jan. 15, 2014 /PRNewswire/ -- Aleris today announced that it has attained AS 9100 certification for its new rolling mill in Zhenjiang, China, which is the basic aircraft-related quality standard approval for the production of aircraft aluminum plate. The audit for the certification was performed by the Chinese Branch of the German certification body TUV SUD (Technischer Uberwachungsverein), and the certification was achieved in December 2013. With the AS 9100 accreditation, the plant is equipped to produce and deliver material in accordance with aircraft material standards such as AMS and AMS-QQ-A.
Aleris' $350 million hot rolling mill unveiled in early 2013 was designed to meet fast-growing national and global demand for technically advanced aluminum plate products for global aerospace and commercial plate customers. Qualification programs with major aircraft manufacturers are underway, and the company expects to begin shipping aircraft material in the second half of 2014.
"The AS 9100 certification represents a key milestone in the qualification process for the production of aircraft material at our new state-of-the-art facility in Zhenjiang," John Zhu, president, Aleris China said. "Achieving this certification requires meeting a number of rigorous quality standards and I would like to congratulate the Aleris team for this significant accomplishment, which will further solidify the company's position as a supplier of aluminum plate to the global aerospace industry."
Once the qualification process is complete, Aleris Zhenjiang is expected to be one of the first facilities in Asia Pacific equipped to produce aluminum plate for the major global aircraft manufacturers. Since opening last year, Aleris Zhenjiang has been shipping orders for commercial plate customers globally. These products serve a number of technically demanding end uses including engineering, transportation, ship-building, and air separation units.
In addition to achieving the AS 9100 accreditation, the Zhenjiang plant has also received approval from many certification societies such as TUV, the American Bureau of Shipping, Class NK, and Bureau Veritas to supply products into shipbuilding, silo, pressure vessel and other markets.
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 40 production facilities in North America, Europe and Asia. For more information, visit www.aleris.com.
Certain statements 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 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, an inability to access the credit or capital markets or the failure of financial institutions to fulfill their commitments to us under committed credit facilities; (17) the possibility that we may incur additional indebtedness in the future; (18) limitations on operating our business as a result of covenant restrictions under our indebtedness; and (19) 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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