Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG), announced today that its new extrusion line has begun production, and the volume ramp-up is progressing as planned.
“We are excited about our early entry to the automotive industry, at a time when fuel efficiency standards are driving growth in aluminum content in vehicles,” said Brook Hamilton, President of Bonnell Aluminum. He added, “With our state-of-the-art equipment, outstanding technical resources, and registered automotive quality management system, we believe we have positioned Bonnell as a premier supplier in this growing market.”
Early last year, the Company announced it was investing approximately $17 million in an expansion project at its Newnan, Georgia facility. This project includes the addition of a new 9”–3,600 ton state-of-the-art aluminum extrusion press fully dedicated to serving the growing demand for aluminum extruded components from automotive and light truck original equipment manufacturers.
The Company previously announced in July 2013 that it had achieved ISO/TS 16949 registration from the International Organization for Standardization / Technical Specification. This technical specification aligns global automotive quality systems standards and fosters the development of a quality management system for use in the automotive supply chain.
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.
FORWARD-LOOKING AND CAUTIONARY STATEMENTS
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