signed a joint venture agreement with Zhenjiang Dingsheng Aluminum
Industries Joint-Stock Co., Ltd. for the construction of a
state-of-the-art aluminum rolling mill in Zhenjiang City, Jiangsu
Province in China that will produce semi-finished rolled aluminum
products. Aleris will be the majority owner in the venture.
"This agreement demonstrates our commitment to China," said Steven J.
Demetriou, Aleris chairman and chief executive officer. "The investment
in this facility is a key component of our growth strategy, which
includes a significant focus on serving customers in China.
"With this venture, Aleris and Dingsheng will build and operate one of
the most technologically advanced rolling mills in the world. Dingsheng
is a distinguished company with recognized manufacturing expertise and
strong leadership, and we are pleased to be working with them. We also
appreciate and value the support of the Jiangsu Province and the City of
Zhenjiang."
Construction of the plant will begin upon receipt of the customary
government approvals and is expected to be completed within two years.
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