STALOWA WOLA, Poland, Feb. 6 /PRNewswire-FirstCall/ --
(http://www.zkmforging.com) ZKM Forging, a wholly owned subsidiary of Ladish Co.,
Inc. (http://www.ladishco.com) (Nasdaq: LDSH) has been awarded its first aerospace
order to produce an airframe component for the Airbus A320. Terms of the
agreement were not disclosed. However, the launch order is expected to
generate in excess of $1 million in revenue over the life of the contract.
Commenting on the order, Jozef Burdzy, ZKM's President of the
Management Board and General Director, said, "The market for aerospace
components is extremely strong in Europe right now and is likely to remain
so for the foreseeable future. Major aerospace manufacturers are seeking
out suppliers with the resources and expertise to reliably support their
build programs. ZKM is gearing up to expand its participation in this
booming market-as well as maintain our share in the dozen or so markets we
have served for decades."
Ray Knutilla, Managing Director, European Operations for Ladish, said,
"This order gives us an opportunity to demonstrate our technological and
production capabilities in the European aerospace sector. We accomplished
much during the first full year of Ladish ownership in 2006, including
implementing a new ERP system, expanding visual manufacturing techniques
and improving operations based upon lean principles. One result of this
hard work is that we will complete our final audit for AS9100 certification
in February. ZKM is now poised to expand its role as an EU-based supplier
of high-quality aerospace forgings."
Founded in 1978, ZKM forging was acquired by Ladish in November 2005.
ZKM serves more than a dozen segments of heavy industry with technically
advanced forgings.
Ladish Co., Inc. is a leading producer of highly engineered,
technically advanced metal components for the jet engine, aerospace and
general industrial markets. Ladish is headquartered in Cudahy, Wisconsin
with operations in Wisconsin, Oregon, Connecticut and Poland. Ladish common
stock trades on Nasdaq under the symbol LDSH.
This release includes forward-looking statements that are made pursuant
to the safe harbor provisions of the Securities Litigation Reform Act of
1995. Such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially from
those projected in them. These risks and uncertainties include, but are not
limited to, uncertainties in the company's major markets, the impact of
competition, the effectiveness of operational changes expected to increase
efficiency and productivity, worldwide economic and political conditions
and the effect of foreign currency fluctuations.
SOURCE Ladish Co., Inc.
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Related links:
http://www.zkmforging.com
http://www.ladishco.com http://www.prnewswire.com
CONTACT:
Ray Knutilla, of Ladish Co., Inc.,
+1-414-747-3568, or +1-414-747-2680 (fax), or William J. Libby,
of Libby Communications, +1-231-755-4111, or +1-231-755-4144
(fax)
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