Aleris Signs Multi-Year Contract With Bombardier

Aleris to become a major supplier for standard and specialty rolled aluminum plate products

CLEVELAND, Oct. 31, 2017 /PRNewswire/ -- Aleris recently signed a multi-year agreement with Bombardier to supply aluminum flat rolled products for a variety of Bombardier aircraft programs. The new agreement extends the scope of products supplied by Aleris to include technically demanding high strength and superior corrosion resistant plate products, positioning Aleris as one of Bombardier's primary aluminum rolled products suppliers.

Logo - http://photos.prnewswire.com/prnh/20140115/CL46886LOGO [http://photos.prnewswire.com/prnh/20140115/CL46886LOGO]

"We are excited to expand our partnership with Bombardier through the supply of a broader range of products from our facilities in both Europe and Asia Pacific," Sean Stack, Aleris chairman and CEO said. "This agreement with Bombardier serves as further validation of our strategy to continue to advance our technical capabilities and expand our global footprint to help our aerospace customers meet their goals."

The contract includes the supply of material from the company's facilities in Koblenz, Germany and Zhenjiang, China, the latter of which represents a greenfield project for Aleris that opened in 2013. This facility was qualified by Bombardier for the production of aerospace material in 2014.

About Aleris

Aleris is a privately held, global leader in aluminum rolled products serving diverse industries including aerospace, automotive, building and construction, commercial transportation and industrial manufacturing. Headquartered in Cleveland, Ohio, Aleris operates production facilities in North America, Europe and Asia. For more information, visit www.aleris.com [http://www.aleris.com/].

Forward-Looking Statements 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, among other things, 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 our substantial capital investment requirements; (4) variability in general economic conditions on a global or regional basis; (5) our ability to retain the services of certain members of our management; (6) our ability to enter into effective metal, natural gas and other commodity derivatives or arrangements with customers to manage effectively our exposure to commodity price fluctuations and changes in the pricing of metals; (7) our internal controls over financial reporting and our disclosure controls and procedures may not prevent all possible errors that could occur; (8) increases in the cost of raw materials and energy; (9) the loss of order volumes from any of our largest customers; (10) our ability to retain customers, a substantial number of whom do not have long-term contractual arrangements with us; (11) our ability to generate sufficient cash flows to fund our capital expenditure requirements and to meet our debt service obligations; (12) competitor pricing activity, competition of aluminum with alternative materials and the general impact of competition in the industry segments we serve; (13) risks of investing in and conducting operations on a global basis, including political, social, economic, currency and regulatory factors; (14) current environmental liabilities and the cost of compliance with and liabilities under health and safety laws; (15) labor relations (i.e., disruptions, strikes or work stoppages) and labor costs; (16) our levels of indebtedness and debt service obligations; (17) the possibility that we may incur additional indebtedness in the future; (18) limitations on operating our business as a result of covenant restrictions under our indebtedness; and (19) 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.

CONTACT: Shannon Bennett, +1 216.910.3664, shannon.bennett@aleris.com; Nanda Aerts, +32 499 569556, nanda.aerts@aleris.com

Web site: http://www.aleris.com/

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