STALOWA WOLA, Poland, Sept. 4 /PRNewswire-FirstCall/ --
(http://www.zkmforging.com) ZKM Forging, a wholly owned subsidiary of Ladish Co.,
Inc. (http://www.ladishco.com) (Nasdaq: LDSH) announced today that it has shipped
the first structural components to Goodrich Corporation for the landing
gear to be used on the new Gulfstream G650 business jet. This shipment
represents a major step toward making aerospace a significant percentage of
ZKM's business.
Thomas Trisco, Director Sales and Marketing, European Operations, said:
"With this order, ZKM has expanded into a new aircraft market segment --
business jets. Our investments in technologies and capabilities are the
reason ZKM is now rapidly growing its aerospace business. Our Polish forge
shop looks forward to providing exceptional quality and delivery to
customers such as Goodrich."
Jozef Burdzy, ZKM's President of the Management Board and General
Director, said: "The aerospace market holds much promise for growth during
the next few decades, and we are pleased to have earned the opportunity to
provide our forgings for the Gulfstream G650's landing gear."
Ray Knutilla, Managing Director, European Operations for Ladish, said:
"With aerospace production lines up, running, certified, and producing
parts for customers, we are delivering on our commitment to make ZKM
Central Europe's preferred source for high-quality aerospace forgings."
Founded in 1978, ZKM forging was acquired by Cudahy, Wisconsin-based
Ladish Co., Inc. in 2005. ZKM serves more than a dozen heavy-industry
markets 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
CONTACT:
Tom Trisco of Ladish Co., Inc.,
+1-414-747-2617, Fax: +1-414-747-2680; William J. Libby of Libby
Communications, +1-231-755-4111, Fax: +1-231-755-4144, for Ladish
Co., Inc.
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