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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 9, 2003
COMMONWEALTH INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware 13-3245741
(State of incorporation) (I.R.S. Employer Identification No.)
500 West Jefferson Street
19th Floor
Louisville, Kentucky 40202-2823
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (502) 589-8100
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Item 9. Regulation FD Disclosure.
See the following press release, dated April 9, 2003, announcing that
Commonwealth Industries and Wise Alloys form strategic alliance to market
Commonwealth Aluminum branded wide-width coil products:
NEWS RELEASE
Contact: Katherine R. Gould
Vice President
Organizational Development
(502) 589-8130
COMMONWEALTH INDUSTRIES AND WISE ALLOYS
FORM STRATEGIC ALLIANCE TO MARKET COMMONWEALTH ALUMINUM-
BRANDED WIDE-WIDTH COIL PRODUCTS
LOUISVILLE, Ky. (April 9, 2003) - Commonwealth Industries, Inc. (NASDAQ/NM:
CMIN) and Wise Alloys, Muscle Shoals, Ala., today announced a five-year
strategic alliance under which the Company will market Commonwealth
Aluminum-branded, wide-width coil products manufactured by Wise Alloys.
In this alliance, Commonwealth Aluminum will offer its customers an expanded
Commonwealth Aluminum-branded, wide-width product line, 72 inches to 108 inches
wide. Wise Alloys will manufacture the wide-width coil products for Commonwealth
Aluminum, utilizing its high-quality, wide-width, casting and rolling
technology.
The combination of Wise Alloy's wide-width manufacturing expertise, and
Commonwealth Aluminum's marketing, sales, solutions engineering and customer
service presence will add value for customers by enhancing product availability,
reducing order administration, and improving inventory control and delivery
logistics.
This agreement strengthens Commonwealth Aluminum's ability to better serve the
Trailer Roof Coil, Ultra-Wide Boat Sheet and Brite Diamond Tread Sheet markets.
It also offers all Commonwealth Aluminum customers a broader range of
complementary products, from a single source, one dedicated to delivering
advanced aluminum solutions and high customer satisfaction. For more information
about Commonwealth Aluminum, visit www.commonwealthaluminum.com.
Commonwealth Industries is one of North America's leading manufacturers of
aluminum sheet for distributors and the transportation, construction, and
consumer durables end-use markets. The Company has direct-chill casting
facilities in Kentucky and continuous casting mini-mills in Ohio and California.
Commonwealth also is a leading manufacturer of innovative electrical products
through its Alflex operations in California and North Carolina. For more
information about the Company, visit Commonwealth's website at
www.ciionline.com.
Certain statements set forth above, may constitute forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. All statements regarding the Company's and its subsidiaries' expected
future financial position, results of operation, cash flows, funds from
operations, dividends, financing plans, business strategy, budgets, projected
costs, capital expenditures, competitive positions and growth opportunities are
forward-looking statements. Such forward-looking statements are based on
management's current expectations and include known and unknown risks,
uncertainties and other factors, many of which the Company is unable to predict
or control, that may cause the Company's actual results or performance to
materially differ from any future results or performance expressed or implied by
such statements. Such factors may include, without limitation, the effect of
global economic conditions, the ability to achieve the level of cost savings or
productivity improvements anticipated by management, the effect (including
possible increases in the cost of doing business) resulting from war or
terrorist activities or political uncertainties, the ability to successfully
implement new marketing and sales strategies, the impact of competitive products
and pricing, product development and commercialization, availability and cost of
critical raw materials, product demand and market acceptance risks, capacity and
supply constraints or difficulties, the success of the Company in implementing
its business strategy, and other risks as detailed in the Company's various
filings with the Securities and Exchange Commission.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COMMONWEALTH INDUSTRIES, INC.
By /s/ Mark V. Kaminski
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Mark V. Kaminski, President and
Chief Executive Officer
Date: April 9, 2003