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Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG), announced that it has achieved the International Organization for Standardization / Technical Specification (ISO/TS) 16949 certification for its Newnan, GA facility.
Developed by the International Automotive Task Force (IATF) and the ISO Technical Committee, ISO/TS 16949 is a technical specification that aligns global automotive quality systems standards and fosters the development of a quality management system for use in the automotive supply chain. The registration process was conducted with the assistance of UL DQS Inc. Management Systems Solutions.
Earlier this year, Bonnell Aluminum announced it was investing $17 million in an expansion project at its Newnan, GA, facility. The project includes the addition of a 9”–3,600 ton state-of-the-art aluminum extrusion press dedicated to serving the growing demand for aluminum extruded components from automotive and light truck original equipment manufacturers. Supporting the addition of the extrusion press will be precision cutting equipment. With orders for equipment placed, the planned startup is scheduled for early 2014.
About Bonnell Aluminum
Bonnell Aluminum is a subsidiary of Richmond, VA, based Tredegar Corporation. (NYSE:TG). The company produces soft and medium-strength alloy aluminum extrusions for building and construction, machinery and equipment, consumer durables, transportation, electrical and distribution markets. On October 1, 2012, Bonnell Aluminum acquired AACOA, a world-class manufacturer, fabricator and anodizer of aluminum extrusions with operations in Niles, MI, and Elkhart, IN.
FORWARD-LOOKING AND CAUTIONARY STATEMENTS
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements regarding Tredegar Corporation’s business. These forward-looking statements are not historical facts, but statements that involve risks and uncertainties. Actual results could differ materially from those included in or implied by these forward-looking statements. Accordingly, you should not place undue reliance on these forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by these forward-looking statements include the factors discussed in the reports Tredegar files with or furnishes to the Securities and Exchange Commission (the “SEC”) from time-to-time, including the risks and important factors set forth in additional detail in “Risk Factors” in Part I, Item 1A of Tredegar’s 2012 Annual Report on Form 10-K filed with the SEC. Readers are urged to review and consider carefully the disclosures Tredegar makes in its filings with the SEC. Except as required by applicable law or regulations, Tredegar does not undertake, and specifically disclaims any obligation, to update or revise any forward-looking statement.