Aleris International announced that it has emerged from Chapter 11 having completed its financial and operational restructuring.

Mr Steven Demetriou chairman & CEO of Aleris said that we have used the past 15 months to reduce costs and significantly improve our operations worldwide while delivering value to our customers. Today, we are well positioned to compete in the global marketplace with significantly enhanced financial flexibility and a strong production platform. We will continue to build on this foundation for the benefit of all our stakeholders.

He said that "I want to take this opportunity to reiterate the appreciation for all of our hard working employees around the world who have helped make our restructuring a success and who will be an important part of our future. In addition, I would like to thank our creditors, who demonstrated confidence in Aleris by voting to accept our plan of reorganization and participating in the rights offering conducted as part of the plan."