STALOWA WOLA, Poland, Nov. 7 /PRNewswire-FirstCall/ -- ZKM Forging (ZKM)
(www.zkmforging.com), a wholly owned subsidiary of Ladish Co., Inc. (Ladish)
(www.ladishco.com) (Nasdaq: LDSH) received new orders from Goodrich
Corporation's Landing Gear business under a five-year, long-term agreement.
The orders are for the first of more than 20 landing gear components destined
for service on large commercial aircraft. The orders call for the forging and
shipment of production quantities commencing in December 2008. The components
will be produced at ZKM's facility in Stalowa Wola, Poland.
Jozef Burdzy, ZKM's President of the Management Board and General
Director, said: 'The increasing flow of aerospace orders into our facility is
a result of focused investments in people and equipment. Buyers of forged
components are demonstrating confidence in our ability to produce quality
parts on schedule to support build programs in Europe and North America.'
Ray Knutilla, Managing Director, European Operations for Ladish, stated:
'Technical advances at ZKM, from material preparation and forging, to
inspection and value-added machining, have laid the foundation for a ramp up
of orders for highly technical aerospace forgings. In fact, they are at a pace
that supports the goals of our business development plan.'
Thomas Trisco, Director Sales and Marketing, European Operations, said:
'This order further validates our ability to work with customers in the US and
Canada that have manufacturing operations in Poland's Aviation Valley, as well
as in North America. On-site evaluations by a number of OEM and systems
integrators have confirmed the readiness of ZKM to provide the overall value,
quality, service and delivery needed to take care of aerospace customers
worldwide.'
Founded in 1978, ZKM Forging was acquired by Cudahy, Wisconsin-based
Ladish Co., Inc. in 2005. ZKM serves aerospace and industrial markets
including transportation, mining and construction equipment.
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, California, Connecticut, Oregon and Poland. Ladish common stock
trades on Nasdaq under the symbol LDSH.
This release includes forward-looking statements that are made pursuant to
the safe harbor provisions of the Securities Litigation Reform Act of 1995.
Such forward-looking statements are subject to certain risks and uncertainties
that could cause actual results to differ materially from those projected in
them. These risks and uncertainties include, but are not limited to,
uncertainties in the company's major markets, the impact of competition, the
effectiveness of operational changes expected to increase efficiency and
productivity, worldwide economic and political conditions and the effect of
foreign currency fluctuations.
SOURCE Ladish Co., Inc.
