SOURCE: Century Aluminum Company

November 28, 2007 07:00 ET

Century Aluminum Company Icelandic Subsidiary Energizes Expansion Capacity

MONTEREY, CA--(Marketwire - November 28, 2007) - Century Aluminum Company (NASDAQ: CENX) announced today that Nordural Grundartangi ehf, a wholly owned subsidiary, has completed the energizing of all of the cells for its most recent 40,000 tonne expansion project at its primary aluminum smelter at Grundartangi, Iceland. This expansion takes rated capacity at the plant to 260,000 tonnes.

In October of 2006, the company completed a 130,000 tonne expansion project at the Grundartangi facility which took plant capacity from 90,000 tonnes to 220,000 tonnes.

"Over the past two years we have grown capacity at the Grundartangi facility nearly three-fold, on-time and on-budget," said Century president and chief executive officer Logan W. Kruger. "I would like to thank our operating management, contractors and employees for meeting this challenge. In addition, we are grateful for the ongoing support we have received from the local communities, government officials and Hitaveita Sudurnesja, Orkuveita Reykjavikur and Landsvirkjun."

Century Aluminum Company owns primary aluminum capacity in the United States and Iceland, as well as an ownership interest in alumina and bauxite assets in the United States and Jamaica. Century's corporate offices are located in Monterey, California.

Cautionary Statement

This press release may contain "forward-looking statements" within the meaning of U.S. federal securities laws. The company has based its forward-looking statements on current expectations and projections about the future; however, these statements are subject to risks, uncertainties and assumptions, any of which could cause the company's actual results to differ materially from those expressed in its forward-looking statements. More information about these risks, uncertainties and assumptions can be found in the risk factors and forward-looking statements cautionary language contained in the company's Annual Report on Form 10-K and in other filings made with the Securities and Exchange Commission. The company does not undertake, and specifically disclaims, any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date such forward-looking statements are made.

Contact Information

  • Contacts:
    Mike Dildine (media)
    831-642-9364

    Shelly Lair (investors)
    831-642-9357