Aleris Expands Capacity to Produce Wide Aluminum Sheet for Automotive Applications

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BEACHWOOD, Ohio, May 9, 2011 /CNW/ -- Aleris today announced that it will invest $70 million to install a new cold rolling mill in its Duffel, Belgium facility in order to significantly increase its capacity to produce wide automotive-body sheet. Product to be produced by the Duffel plant will be the widest currently available in the industry.

"We are making this investment to meet the increasing demand for aluminum auto-body sheet and support our customers as they address increasingly challenging emissions and fuel efficiency requirements," said Roeland Baan, Aleris executive vice president and chief executive officer, Europe and Asia. "This new cold mill, together with our existing capacity, will give us the flexibility to produce sheet ranging up to 2200 mm. With the expanded capacity, we are well positioned to meet a complete range of customer needs globally."

Customer shipments of existing products are not expected to be affected by construction of the new cold mill in Duffel. The company expects to begin customer shipments of the wide sheet by the end of 2012.

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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/20050504/CLW056LOGO )



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SOURCE Aleris

For further information: Kristen Bihary, +1-216-910-3664 Web Site: http://www.aleris.com

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