Kaiser Aluminum and Boeing Form Multi-Year 'Closed-Loop' Aerospace Aluminum Recycling Program

FOOTHILL RANCH, Calif., Feb. 25, 2014 (GLOBE NEWSWIRE) — Kaiser Aluminum Corporation (Nasdaq:KALU) and Boeing (NYSE:BA) today announced they have formed a closed-loop scrap recycling program that is expected to involve approximately 22 million pounds of aluminum during the 2014-2015 production period.

“The recycling agreement illustrates our collaborative relationship with Boeing,” said Mr. Hockema, President, CEO and Chairman. This program, the largest aluminum recycle program to date, captures 7XXX and 2XXX aluminum alloy recyclables generated at multiple Boeing facilities during production of commercial aircraft. The scrap alloys will be re-melted and utilized in production of aerospace sheet and plate at Kaiser Aluminum’s Trentwood facility in Spokane, Washington. “We look forward to continuing to develop opportunities with our customers to enhance the efficiency of the overall value stream,” stated Mr. Hockema.

“Boeing is focused on reducing the environmental footprint of commercial aviation through the aircraft’s lifecycle, which includes working with suppliers to increase materials recyclability and reduce manufacturing waste,” said John Byrne, VP of Boeing Aircraft Materials and Structures. “Our collaboration with Kaiser Aluminum to capture 22 million pounds of aluminum alloy scrap for re-use in our aircraft production is a significant opportunity to make progress toward this important goal.”