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2008-04-02 11:08:55 CEST 2011-09-16 12:29:09 CEST Century Aluminum Company - Company Announcement- Century Aluminum and Pingguo Qiangqiang Enter Into Carbon Joint VentureMONTEREY, CA--(Marketwire - April 01, 2008) - Century Aluminum Company (NASDAQ: CENX) announced today that it has entered into a joint venture agreement with Pingguo Qiangqiang Carbon Co., Ltd. (PQQ) to acquire a 40 percent stake in Baise Haohai Carbon Co., Ltd. (BHH), which owns a newly constructed carbon anode and cathode facility located in the Guangxi Zhuang Autonomous Region of south China. The purchase remains subject to government approvals and other conditions. Century will utilize the output from this plant to secure carbon supplies for its worldwide smelter operations. "As we expand our aluminum production, it becomes increasingly important for us to secure our strategic raw materials," noted Century's president and chief executive officer Logan W. Kruger. "We have been very impressed with BHH's product quality and environmental stewardship. We value the partnering relationship we have developed with PQQ and we appreciate the support we have received from the government and the people of Guangxi." Century Aluminum Company owns primary aluminum capacity in the United States and Iceland, as well as an interest in alumina and bauxite assets in the United States and Jamaica. Century's corporate offices are located in Monterey, California. Cautionary Statement This press release may contain "forward-looking statements" within the meaning of U.S. federal securities laws. The company has based its forward-looking statements on current expectations and projections about the future; however, these statements are subject to risks, uncertainties and assumptions, any of which could cause the company's actual results to differ materially from those expressed in its forward-looking statements. More information about these risks, uncertainties and assumptions can be found in the risk factors and forward-looking statements cautionary language contained in the company's Annual Report on Form 10-K and in other filings made with the Securities and Exchange Commission. The company does not undertake, and specifically disclaims, any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date such forward-looking statements are made. Certified Advisors for the First North market of the OMX Nordic Exchange Iceland hf. for Global Depositary Receipts in Iceland: -- Astridur Thordardottir, Senior Manager-Corporate Finance, Landsbanki Islands hf. -- Olafur Finsen, Senior Legal Advisor-Corporate Finance, Landsbanki Islands hf. Contacts: Mike Dildine Media 831-642-9364 Shelly Lair Investors 831-642-9357 |
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