Aleris Reaffirms Intent to Supply Aerospace Plate to Airbus in China

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BEIJING, Sept. 23, 2011 /CNW/ -- Aleris plans to supply Airbus operations through its state-of-the-art rolling mill being constructed in Zhenjiang City, Jiangsu Province, China, with aerospace plate by 2013. In June, the two companies signed a five-year contract at the Paris Air Show for Aleris to provide aluminum plate and sheet in a range of alloys to Airbus for its global programs.

The Aleris factory in China will produce rolled aluminum plate, heat-treated plate and non-heat treated plate. Construction of the $300 million greenfield rolling mill is expected to be completed in 2012. The Zhenjiang plant is a joint venture of Aleris and Zhenjiang Dingsheng Aluminum Industries Joint-Stock Co., Ltd., named Aleris Dingsheng Aluminum (Zhenjiang) Co., Ltd.

"We are pleased to be a key global supplier to Airbus and to support its development plans in China," said Steven J. Demetriou, Aleris chairman and chief executive officer.

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    About Aleris

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Aleris is a privately-held, global leader in aluminum rolled products and extrusions, aluminum recycling and specification alloy production. Headquartered in Beachwood, Ohio, the company operates more than 40 production facilities in North America, Europe and Asia. For more information, visit www.aleris.com

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    Forward-Looking Statements

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Certain statements in this press release are "forward-looking statements" within the meaning of the federal securities laws. Statements about our beliefs and expectations and statements containing the words "may", "could", "would", "should", "will", "believe", "expect", "anticipate", "plan", "estimate", "target", "project", "look forward to", "intend" and similar expressions intended to connote future events and circumstances constitute forward-looking statements. Forward-looking statements include statements about future costs and prices of commodities, production volumes, industry trends, demand for our products and services, anticipated cost savings, anticipated benefits from new products or facilities, and projected results of operations. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in or implied by any forward-looking statement. Important factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, the following: (1) our ability to successfully implement our business strategy; (2) the cyclical nature of the aluminum industry, our end-use segments and our customers' industries; (3) our ability to fulfill substantial capital investment requirements; (4) variability in general economic conditions on a global or regional basis; (5) our ability to enter into effective aluminum, natural gas and other commodity derivatives or arrangements with customers to effectively manage our exposure to commodity price fluctuations and changes in the pricing of metals; (6) increases in the cost of raw materials and energy; (7) the loss of order volumes from or the retention of our major customers; (8) our ability to generate sufficient cash flows to fund capital expenditure requirements and debt service obligations; (9) competitor pricing activity, competition of aluminum with alternative materials and the general impact of competition in our industry segments; (10) risks of investing in and conducting operations on a global basis, including political, social, economic, currency and regulatory factors; (11) liabilities under and costs of compliance with environmental, labor, health and safety laws; and (12) other factors discussed in our filings with the Securities and Exchange Commission, including the sections entitled "Risk Factors" contained therein. Investors, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether in response to new information, futures events or otherwise, except as otherwise required by law.

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    (Logo: http://photos.prnewswire.com/prnh/20110616/CL21386LOGO )



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SOURCE Aleris

For further information: Kristen Bihary, +1-216-910-3664; or Simon Chen, Phone: 86-1381-680-4447 Web Site: http://www.aleris.com

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