Kaiser Aluminum Posts Reduced Energy Surcharge for October
September 29 2008 - 8:00AM
Business Wire
Kaiser Aluminum (NASDAQ:KALU) today announced that the applicable
energy surcharge for October shipments of fabricated products will
be: 6xxx alloys: � $0.019 per pound All other alloys: $0.029 per
pound This is a reduction from the September surcharge of $0.040
per pound for 6xxx alloys and $0.056 for all other alloys. The
reduction in the surcharge was driven by lower natural gas and
diesel prices. The surcharges are based on a calculation tied to
indices provided by the U.S. Department of Energy and are updated
on a monthly basis. Customers can view the formulas for calculating
surcharges on the Kaiser Aluminum Web site at
www.kaiseraluminum.com. Up-to-date information on how these
surcharges impact specific products are also included on the site.
Kaiser Aluminum, headquartered in Foothill Ranch, Calif., is a
leading producer of fabricated aluminum products, serving customers
worldwide with highly-engineered solutions for aerospace and
high-strength, general engineering, and custom automotive and
industrial applications. The company�s North American facilities
annually produce more than 500 million pounds of value-added sheet,
plate, extrusions, forgings, rod, bar and tube products, adhering
to traditions of quality, innovation and service that have been key
components of our culture since the company was founded in 1946.
The company�s stock is included in the Russell 2000� index. For
more information, please visit www.kaiseraluminum.com. F-1103
Certain statements in this release relate to future events and
expectations and, as a result, constitute forward-looking
statements involving known and unknown risks and uncertainties that
may cause actual results, performance or achievements of the
company to be different from those expressed or implied in the
forward-looking statements. Important factors that could cause
actual results to differ materially from those in the
forward-looking statements include: (a) the effectiveness of
management's strategies and decisions; (b) the ability of the
company to effectively recover higher costs; (c) the company�s
ability to reduce costs to mitigate inflationary pressure; (d)
adverse changes in economic or aluminum industry conditions
generally; (e) adverse changes in the markets served by the
company, including the aerospace, defense, general engineering,
automotive, distribution and other markets; (f) the company's
ability to leverage its technologies and the Kaiser Production
System methodology; and (g) the other risk factors summarized in
the company's Form 10-K for the year ended December 31, 2007 and
other reports filed with the Securities and Exchange Commission.
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