ZHENJIANG, China, April 25, 2013 /PRNewswire/ -- Aleris today formally introduced its new $350 million hot rolling mill in Zhenjiang, China designed to meet fast-growing national and global demand for technically advanced aluminum plate products for global aerospace and commercial plate customers. The state-of-the-art plant, one of only a handful in the world, is equipped to produce the most advanced value-added aluminum material for aerospace and leading manufacturers in a variety of fast-growing industries in China and worldwide.
"The unveiling of our Zhenjiang plant represents a significant milestone for Aleris, further solidifying the company's industry leadership and establishing a path for continued growth in China and worldwide," Steve Demetriou, Aleris chairman and chief executive officer, said. "This plant will deliver the technically-advanced aluminum solutions for the aerospace and commercial plate industries that our customers across the globe have come to expect from us."
With a hot mill capacity of 250,000 metric tons, the plant will have a phase one capability of producing 35,000 tons of value-added commercial plate products that will serve a number of technically demanding end uses including engineering, transportation, ship-building, and air separation units. The company has begun shipping orders for 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.
"This capital project is the largest ever in our company's history, and much of it would not be possible without the support from our customers in China and worldwide, the Jiangsu Province and Zhenjiang City governments, and our team," Demetriou said.
The world's fleet of aircraft is expected to grow by 100 percent by 2031, with 35 percent of the growth coming from Asia, a key area of focus for the company. China itself is expected to become the world's second largest aviation market with demand for civil aircraft expected to triple over the next 20 years.1
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 more than 40 production facilities in North America, Europe and Asia. For more information, visit www.aleris.com.
1Boeing Market Forecast 2012
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