Ladish's ZKM Forging Begins Production of Aerospace Parts
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STALOWA WOLA, Poland, Feb. 6 -- (zkmforging.com) ZKM Forging, a wholly owned subsidiary of Ladish Co., Inc. (www.ladishco.com) (NASDAQ:LDSH) has been awarded its first aerospace order to produce an airframe component for the Airbus A320. Terms of the agreement were not disclosed. However, the launch order is expected to generate in excess of $1 million in revenue over the life of the contract.
Commenting on the order," Jozef Burdzy, ZKM's President of the Management Board and General Director, said, "The market for aerospace components is extremely strong in Europe right now and is likely to remain so for the foreseeable future. Major aerospace manufacturers are seeking out suppliers with the resources and expertise to reliably support their build programs. ZKM is gearing up to expand its participation in this booming market-as well as maintain our share in the dozen or so markets we have served for decades."
Ray Knutilla, Managing Director, European Operations for Ladish, said, "This order gives us an opportunity to demonstrate our technological and production capabilities in the European aerospace sector. We accomplished much during the first full year of Ladish ownership in 2006, including implementing a new ERP system, expanding visual manufacturing techniques and improving operations based upon lean principles. One result of this hard work is that we will complete our final audit for AS9100 certification in February. ZKM is now poised to expand its role as an EU-based supplier of high-quality aerospace forgings."
Founded in 1978, ZKM forging was acquired by Ladish in November 2005. ZKM serves more than a dozen segments of heavy industry with technically advanced forgings.
Ladish Co., Inc. is a leading producer of highly engineered, technically advanced metal components for the jet engine, aerospace and general industrial markets. Ladish is headquartered in Cudahy, Wisconsin with operations in Wisconsin, Oregon, Connecticut and Poland. Ladish common stock trades on Nasdaq under the symbol LDSH.
Source: Ladish Co., Inc.
CONTACT: Ray Knutilla, of Ladish Co., Inc., +1-414-747-3568, or +1-414-747-2680 (fax), or William J. Libby, of Libby Communications, +1-231-755-4111, or +1-231-755-4144 (fax)
Web site: http://zkmforging.com/
http://www.ladishco.com/
