Wise Metals hopes to beef up can stock exports [UPDATE]

Dec 18, 2007 | 10:40 AM | Paul Schaffer

Wise Metals Group LLC plans to step up its export shipments of can stock during the next three years, the company's top executive said during an earnings conference call with analysts.

"We intend to supply foreign entities with nearly 150 million pounds of can stock in each of 2008, 2009 and 2010," David D'Addario, chairman and chief executive officer, said.

In 2006, the company's Alabama rolling mill shipments totaled 636.3 million pounds, almost entirely to domestic customers. But domestic shipments have been on a downtrend, totaling 499.5 million pounds in the first nine months of this year, down 10.9 percent from 560.8 million pounds in the same period last year, according to an informal tally based on the conference call and earlier regulatory filings by Wise.....

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