CUDAHY, Wis., May 2 /PRNewswire/ -- Ladish Co., Inc. (Nasdaq: LDSH)
(http://www.ladishco.com) has signed two new exclusivity agreements; one for
the sales representation of product manufactured by Huta Stalowa Wola S.A.
(HSW) in Poland, and the other for Ladish to supply titanium cylinders for
copper foil equipment manufactured in China by Yuanchuang Copper Foil
Equipment Ltd.
HSW Die Forging Ltd., a part of HSW, located in southeastern Poland,
manufactures carbon and alloy products up to 600 pounds utilizing its
complement of mechanical presses and hammers. Ladish has exclusive
rights to sales of HSW products throughout North America for applications in
industrial markets. All products will be certified by Ladish to meet customer
specifications.
Yuanchuang Copper Foil Equipment Ltd. (YCF), a Beijing manufacturer of
equipment used to produce copper foil for the electronics industry, has agreed
to purchase seamless titanium cylinders exclusively from Ladish through 2001
with the option to extend through 2004. These titanium shells produce a
premium copper foil product, and are increasingly specified for use in
equipment by copper foil manufacturers worldwide. YCF, a part of China
Enterprise Investment Co., Ltd. was formed with the strategic business
objective to consolidate and capitalize key identified industries for growth.
"These two most recent agreements strengthen our international presence
in metalworking markets and technologies and associate Ladish with
strong, recognized companies," says Kerry L. Woody, Ladish's President
and CEO. "While 90% of our sales serve aerospace markets, with about
half of these sales overseas, agreements such as these contribute
positively to our continued globalization efforts, as well as our intent
to increase participation in non-aerospace markets."
Ladish Co., Inc. is a leading producer of highly engineered, technically
advanced components for the jet engine, aerospace, and general
industrial markets. Ladish is headquartered in Cudahy, Wisconsin with
operations in Wisconsin, Connecticut, and Oregon. 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,
anticipated slowdowns 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.ladishco.com
Company News On-Call:
http://www.prnewswire.com/comp/131444.html or fax,
800-758-5804, ext. 131444
CONTACT:
Wayne E. Larsen of Ladish Co., Inc.,
414-747-2935, or fax, 414-747-2890; or William J. Libby of Libby
Associates, 203-431-8480, or fax, 203-431-6132, for Ladish Co.,
Inc.
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