BEACHWOOD, Ohio, June 5 /PRNewswire-FirstCall/ -- Aleris International,
Inc. (NYSE: ARS) announced today that it is constructing a zinc recycling
facility in the Economic Development Zone of Changshu, China, approximately
100 kilometers outside of Shanghai. The plant will recycle secondary zinc
materials generated in the steel galvanizing process. The plant will also
produce various zinc products, including zinc oxide, which will be sold to
customers in the fast growing tire, chemicals and other industries.
Production is expected to commence in the third quarter of 2007. Initially
the plant will produce approximately 16,000 metric tons of zinc oxide
annually.
This project represents Aleris's first direct investment in the fast
growing China economy and coincides with the Chinese national drive to
focus on the environment and the recycling of valuable raw materials. The
Company plans to expand its presence in China and the rest of Asia and has
recently opened regional offices in Shanghai and Hong Kong to pursue
additional opportunities in its aluminum recycling and rolled products
businesses.
Aleris International, Inc. is a major North American manufacturer of
rolled aluminum products and is a global leader in aluminum recycling and
the production of specification alloys. We are also a leading manufacturer
of value-added zinc products that include zinc oxide, zinc dust and zinc
metal. Headquartered in Beachwood, Ohio, a suburb of Cleveland, the Company
operates 41 production facilities in the U.S., Brazil, Germany,
Netherlands, Mexico and Wales, and employs approximately 4,000 employees.
For more information about the Company, please visit our Web site at
http://www.aleris.com .
SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS
Forward-looking statements made in this news release are made pursuant
to the safe harbor provision of the Private Securities Litigation Reform
Act of 1995. These include statements that contain words such as "believe,"
"expect," "anticipate," "intend," "estimate," "should" and similar
expressions intended to connote future events and circumstances, and
include statements regarding future actual and adjusted earnings and
earnings per share; future improvements in margins, processing volumes and
pricing; overall 2006 operating performance; anticipated higher adjusted
effective tax rates; expected cost savings; success in integrating Aleris's
recent acquisitions; its future growth; an anticipated favorable economic
environment in 2006; future benefits from acquisitions and new products;
expected benefits from industry consolidation and post-hurricane
reconstruction; and anticipated synergies resulting from the merger with
Commonwealth and other acquisitions. Investors are cautioned that all
forward-looking statements involve risks and uncertainties, and that actual
results could differ materially from those described in the forward-looking
statements. These risks and uncertainties would include, without
limitation, Aleris's levels of indebtedness and debt service obligations;
its ability to effectively integrate the business and operations of its
acquisition; further slowdowns in automotive production in the U.S. and
Europe, the financial condition of Aleris's customers and future
bankruptcies and defaults by major customers; the availability at favorable
cost of aluminum scrap and other metal supplies that the Company processes;
the ability of the Company to enter into effective metals, natural gas and
other commodity derivatives; continued increases in natural gas and other
fuel costs of the Company; a weakening in industrial demand resulting from
a decline in U.S. or world economic conditions caused by terrorist
activities or other unanticipated events; future utilized capacity of the
Company's various facilities; a continuation of building and construction
customers and distribution customers reducing their inventory levels and
reducing the volume of the Company's shipments; restrictions on and future
levels and timing of capital expenditures; retention of the Company's major
customers; the timing and amounts of collections; currency exchange
fluctuations; future write-downs or impairment charges which may be
required because of the occurrence of some of the uncertainties listed
above; and other risks listed in the Company's filings with the Securities
and Exchange Commission, including but not limited to the Company's annual
report on Form 10-K for the fiscal year ended December 31, 2005, and
quarterly report on Form 10-Q for the quarter ended March 31, 2006,
particularly the sections entitled "Risk Factors" contained therein.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050504/CLW056LOGO)
SOURCE Aleris International, Inc.
 back to top
Related links:
http://aleris.com//
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050504/CLW056LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Michael D. Friday of Aleris International,
Inc., +1-216-910-3503
|
