KAISER ALUMINUM CORP - 500 Beiträge pro Seite

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Einer der Größten Alu Hersteller könnte Anfang 2005
Chapter 11 verlassen

Wkn 882282


In Today’s Hearing

The Court approved Rusal’s bid to purchase Kaiser’s interests in and related to the QAL refinery in Australia. Pending a number of other required approvals (as outlined in a separate news release today), we would expect to close on this transaction during the first quarter of 2005. Closing the QAL transaction will complete all of the planned sales of our commodity assets and will represent another important milestone on our path toward a targeted emergence from Chapter 11 – as primarily an aluminum fabricated products company – in the first half of 2005

Also in today’s hearing, the Court held a series of conferences on matters that will formally appear on the agendas for later hearings. Those matters include the proposed Intercompany Settlement Agreement and the proposed settlement with the Pension Benefit Guaranty Corporation.

Jack A. Hockema
President and Chief Executive Officer

http://www.kaiseral.com/kaiser/kaisermain.nsf?Open

[morchel]

die sind gerade an Gesundschrumpfen!

http://finance.yahoo.com/q?s=KLUCQ.OB&d=t

Wenn der Verkauf der australischen tochter zu einem angemssenen Preis über die Bühne geht, dann könnte es was werden!

morchel

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Das könnte ein 10000% werden

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15 Minuten verzögerte Kurse
Börse Symbol Währ. Vortag akt.Kurs Diff. % Handelsvol. gehand. St. Kurszeit
OTCBB KLUCQ USD 0,040 0,055 + 0,015 + 37,50 % 555 11.330 02. Dez 17:24


seht her es geht schon los

[hainholz]

jetzt geht`s loooooooooooos

KAISER ALUMINUM CORPORATION

Kaiser Aluminum Files Court Motion Regarding Commitment Letter for New Financing Arrangement
Saturday January 15, 10:03 am ET


HOUSTON--(BUSINESS WIRE)--Jan. 15, 2005--Kaiser Aluminum has signed a commitment letter and filed a motion with the U.S. Bankruptcy Court for the District of Delaware seeking approval to enter into an agreement with JPMorgan Chase Bank, National Association, J.P. Morgan Securities Inc., and The CIT Group/Business Credit, Inc. under which Kaiser would be provided with a replacement for the company`s existing Debtor-in-Possession (DIP) Credit Facility and a commitment for a multi-year exit financing arrangement upon Kaiser`s emergence from Chapter 11.
J.P. Morgan Securities Inc., would act as the lead arranger, sole bookrunner, and syndication agent for the new facility. JPMorgan Chase Bank would be administrative agent. CIT Group would act as co-arranger.

As described in the motion and the corresponding commitment letter, and subject to the completion of definitive documentation, the new facility would:

Replace the existing $200 million DIP credit facility, which expires February 13, 2005, with a new $200 million credit facility intended to remain in place until the company`s emergence from Chapter 11.
Include a commitment, upon Kaiser`s emergence from Chapter 11, for exit financing in the form of a $200 million revolving credit facility and a fully drawn term loan of up to $50 million.
Provide a maturity on the exit financing`s revolving credit facility of five-years from the date of the closing of the replacement DIP (which is expected to occur in February 2005) and a maturity on the term loan of six years from such closing date.
Kaiser has asked the Court to schedule a hearing on the motion on February 2, 2005.

" The new facility has been designed to provide us with the size, terms, and flexibility that we expect to need as we complete our reorganization and look ahead to our future as a highly competitive fabricated products company. The exit financing, in particular, is expected to enable Kaiser to emerge from Chapter 11 with a sound financial profile and the liquidity necessary to support continued growth," said Jack A. Hockema, Kaiser`s President and Chief Executive Officer.

Kaiser Aluminum (OTCBB:KLUCQ - News) is a leading producer of fabricated aluminum products and owns interests in alumina and primary aluminum.

Company press releases may contain statements that constitute " forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors. Actual events could differ materially from those reflected in the forward-looking statements contained in this press release as a result of various factors, including but not limited to those relating to approval of the proposed financing by the U. S. Bankruptcy Court for the District of Delaware and the completion of definitive documentation. As a result, no assurance can be given as to whether or when the proposed financing will be approved or as to the definitive terms thereof

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http://www.stockhouse.com/news/news.asp?tick=KLUCQ&newsid=26…

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http://www.stockhouse.com/comp_info.asp?symbol=KLUCQ

[Market_Maker]

ich denke hier geht heute die post ab.

die aktie könnte sogar 1000% oder mehr steigen.

gruß MM

[hainholz]

zwar nicht dausend
aber sie steigt

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nach der Beruhigung hier,kann wieder billig eingesammelt werden.
KZ nach Chapter11 2-3US$

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Quick Quote: KLUCQ 0.10 (Even)




Kaiser Aluminum Files Term Sheet Concerning Resolution of Personal Injury Claims
1/28/05

HOUSTON, Jan 28, 2005 (BUSINESS WIRE) --
Kaiser Aluminum has filed with the U.S. Bankruptcy Court for the District of Delaware a term sheet executed on January 26 between Kaiser and other parties concerning the resolution and treatment of personal injury claims and demands within the context of a Plan of Reorganization (POR) that the company expects to file within the next several months.

The term sheet was filed as an attachment to a proposed amendment to Kaiser`s pending Intercompany Settlement Agreement (ISA), which is the subject of Bankruptcy Court hearings scheduled to begin on February 1. As a result of the execution of the term sheet, the proposed amendment, and certain other agreements, all parties either have withdrawn or will withdraw their objections to the ISA.

Parties to the term sheet, in addition to Kaiser, are the Unsecured Creditors Committee, the United Steelworkers of America, the Pension Benefit Guaranty Corporation, the Official Committee for Asbestos Claimants, the Representative for Future Asbestos Claimants, and the Representative for Future Silica and Coal Tar Pitch Volatiles Claimants.

Broadly speaking, the term sheet contains the following elements: -- The company`s POR will provide for the creation of a trust or trusts that will be funded as described and will assume the liability for covered personal injury claims (as defined), with appropriate channeling injunctions pursuant to Sections 524(g) and Section 105 of the Bankruptcy Code to become effective upon confirmation of the POR. -- Covered personal injury claims include asbestos claims and demands, silica claims and demands, coal tar pitch volatiles claims and demands, and noise-induced hearing loss claims. Assets to be contributed to the trust(s) will include: -- Proceeds from future postpetition insurance settlements for covered personal injury claims, through the effective date of the POR, together with the amounts currently held in Court-established escrow accounts; -- Rights to proceeds under certain insurance policies as to covered personal injury claims; -- Assumption by the trust(s) of the responsibility for and right to control litigation and settlement of insurance coverage litigation for covered personal injury claims after consummation of Kaiser`s POR; -- $13 million in cash from the company; -- Distributions in respect of 75% of the prepetition, unsecured intercompany claim held by Kaiser Finance Corporation (KFC) against Kaiser Aluminum & Chemical Corporation (KACC), which shall be in the form of equity of the reorganized Kaiser Aluminum; -- 100% of the stock of a subsidiary of KACC, whose sole asset will be a piece of real property that produces modest rental income.
The term sheet also expressly acknowledges that there are conditions precedent to the POR, including Bankruptcy Court approval of the proposed ISA with the proposed amendment to the ISA, and that there are other terms of the pending POR that have not been agreed upon by certain of the parties. In addition, the proposed amendment to the ISA is subject to approval by the lenders under the company`s current Debtor-in-Possession credit facility.

Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products and owns interests in alumina and primary aluminum.

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Kaiser Aluminum Corp. Quick Quote: KLUCQ 0.10 (Even)




Kaiser Aluminum Files Term Sheet Concerning Resolution of Personal Injury Claims
1/28/05

HOUSTON, Jan 28, 2005 (BUSINESS WIRE) --
Kaiser Aluminum has filed with the U.S. Bankruptcy Court for the District of Delaware a term sheet executed on January 26 between Kaiser and other parties concerning the resolution and treatment of personal injury claims and demands within the context of a Plan of Reorganization (POR) that the company expects to file within the next several months.

The term sheet was filed as an attachment to a proposed amendment to Kaiser`s pending Intercompany Settlement Agreement (ISA), which is the subject of Bankruptcy Court hearings scheduled to begin on February 1. As a result of the execution of the term sheet, the proposed amendment, and certain other agreements, all parties either have withdrawn or will withdraw their objections to the ISA.

Parties to the term sheet, in addition to Kaiser, are the Unsecured Creditors Committee, the United Steelworkers of America, the Pension Benefit Guaranty Corporation, the Official Committee for Asbestos Claimants, the Representative for Future Asbestos Claimants, and the Representative for Future Silica and Coal Tar Pitch Volatiles Claimants.

Broadly speaking, the term sheet contains the following elements: -- The company`s POR will provide for the creation of a trust or trusts that will be funded as described and will assume the liability for covered personal injury claims (as defined), with appropriate channeling injunctions pursuant to Sections 524(g) and Section 105 of the Bankruptcy Code to become effective upon confirmation of the POR. -- Covered personal injury claims include asbestos claims and demands, silica claims and demands, coal tar pitch volatiles claims and demands, and noise-induced hearing loss claims. Assets to be contributed to the trust(s) will include: -- Proceeds from future postpetition insurance settlements for covered personal injury claims, through the effective date of the POR, together with the amounts currently held in Court-established escrow accounts; -- Rights to proceeds under certain insurance policies as to covered personal injury claims; -- Assumption by the trust(s) of the responsibility for and right to control litigation and settlement of insurance coverage litigation for covered personal injury claims after consummation of Kaiser`s POR; -- $13 million in cash from the company; -- Distributions in respect of 75% of the prepetition, unsecured intercompany claim held by Kaiser Finance Corporation (KFC) against Kaiser Aluminum & Chemical Corporation (KACC), which shall be in the form of equity of the reorganized Kaiser Aluminum; -- 100% of the stock of a subsidiary of KACC, whose sole asset will be a piece of real property that produces modest rental income.
The term sheet also expressly acknowledges that there are conditions precedent to the POR, including Bankruptcy Court approval of the proposed ISA with the proposed amendment to the ISA, and that there are other terms of the pending POR that have not been agreed upon by certain of the parties. In addition, the proposed amendment to the ISA is subject to approval by the lenders under the company`s current Debtor-in-Possession credit facility.

Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products and owns interests in alumina and primary aluminum.

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors. Actual events could differ materially from those reflected in the forward-looking statements contained in this press release as a result of various factors, including but not limited to those relating to approval of the Intercompany Settlement Agreement, as amended, by the U. S. Bankruptcy Court for the District of Delaware and approval of the amendment to the Intercompany Settlement Agreement by the lenders under the company`s current debtor-in-possession credit facility. As a result, no assurance can be given as to whether or when the Intercompany Settlement Agreement, as amended, will become effective, as to when Kaiser Aluminum will file a plan of reorganization, or as to the ultimate resolution and treatment of personal injury claims and demands pursuant to the terms of any such plan of reorganization.

SOURCE: Kaiser Aluminum

Kaiser Aluminum, Houston Scott Lamb, 713-332-4751

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Aluminium Kaiser fördert zwei Hauptleiter

LONDON -- Kaiser Aluminum Corp., Houston, hat John M. Donnan, 43, als Vizepräsident, Sekretärin und allgemeine Berater und Daniel J. Rinkenberger, 45, als Vizepräsident und Schatzmeister ernannt.

Donnan ersetzt Edward F. Houff, 58, die nach drei Jahren in der Position jetzt ausschließlich auf Kaisers konzentrieren, das als älterer Vizepräsident umstrukturiert. Donnans vorhergehende Aufgaben konzentrierten auf zugelassene Ausgaben, während er als der Leitungrechtsanwalt der Firma auf den Handelssachen diente, die auf Kaisers fabriziertem Produktgeschäft bezogen wurden.

Rinkenberger folgt Kerry A. Shiba, 50, das als Vizepräsident und Finanzleiter fortfährt. Rinkenberger war vor kurzem Vizepräsident der ökonomischen Analyse und Planung und er behalten jene Verantwortlichkeiten in seiner Rolle als Schatzmeister, die gesagte Firma Dienstag.

Aluminium Kaiser strukturiert um, während es vom Bankrottschutz des Kapitels 11 auftaucht.

Nach dem Umstrukturieren die Firma plant, auf fabrizierte Produkte groß zu konzentrieren und wird erwartet, seine Headquarters auf Foothillranch in Kalifornien zur Hälfte erste von 2005 zu verschieben. Kaisers bewegt das fabrizierte Produktgeschäft, bereits gegründet in Südkalifornien, auch auf die Foothillranchposition.

ReedcGeschäftscInformationen des COPYRIGHT 2005
COPYRIGHTSturmcGruppe 2005

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Aufträge auch von der Regierung

Kaiser to step up military plate shipments
Aluminum used to strengthen vehicles` armor



SAN FRANCISCO (CBS.MW) -- Kaiser Aluminum said Tuesday that it`s shipped more than 4 million pounds of aluminum plate to producers of vehicle armor for the U.S. military during 2004, with plans in place for increased shipments next year.
Houston-based Kaiser Aluminum (KLUCQ: news, chart, profile) said it expects to increase its 2005 shipments to producers of vehicle armor despite the fact that "broad industry demand for aluminum plate has been so strong that many non-military customers are receiving only limited-allocation shipments."

The company`s announcement follows controversy this month over whether the U.S. military moved quickly enough to deliver protective sheeting for soldiers` vehicles in Iraq. The controversy was touched off by a National Guardsman`s question to Defense Secretary Donald Rumsfeld during a question-and-answer forum in Kuwait.

Kaiser said the plate is shipped to manufacturing plants operated by Armor Holdings (AH: news, chart, profile) in Phoenix and Cincinnati, where the aluminum is used in combination with steel to provide armor for military vehicles, such as Humvees.

The combination of aluminum and steel serves as a buffer to slow down projectiles and make them less lethal.

In October, the U.S. Armed Services Committee called a meeting of plate manufacturers and customers, including Kaiser and Armor Holdings, with the aim of expediting shipments of armor materials to U.S. troops in Iraq, Kaiser said.

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Kaiser Aluminum Obtains Approval of Intercompany Settlement Agreement
HOUSTON

Kaiser Aluminum, Houston
Scott Lamb, 713-332-4751

Kaiser Aluminum announced that the U.S. Bankruptcy Court for the District of Delaware, in a hearing today, approved the Intercompany Settlement Agreement (ISA).

The ISA, as previously announced, resolves the treatment of intercompany claims among the Kaiser debtor entities arising from pre-petition and post-petition intercompany transactions among the various entities. Additional information in respect of the ISA is included in the company`s Form 10-Q for the period ending Sept. 30, 2004.

"The ISA demonstrates that the company has reached common ground with the vast majority of its significant creditors," said Jack A. Hockema, Kaiser`s president and chief executive officer. "We are gratified that all of the major creditor constituencies were able to come to agreement on these complex issues in a positive and productive way," he said.

"In conjunction with the commitment letter for our new financing arrangement, Court approval of our settlement with the Pension Benefit Guaranty Corporation, and last week`s term sheet addressing the mechanisms for resolving personal injury claims, we believe the company has now passed another major milestone in our path to emergence from Chapter 11," he said.

"We intend to build on the momentum established today and resolve our remaining issues on an expedited basis so that we can file our Plan of Reorganization and Disclosure Statement within the next few months," said Hockema.

Separately, the Court indicated it will hold a hearing to consider approval of Kaiser`s new Debtor-in-Possession and exit financing arrangement on Feb. 8.

Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products and owns interests in alumina and primary aluminum.

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors. Actual events could differ materially from those reflected in the forward-looking statements contained in this press release as a result of various factors including, but not limited to, the actual timing for resolution of remaining issues and the subsequent filing of a Plan of Reorganization and Disclosure Statement.





Copyright © 2005 Business Wire. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.
News Copyright © 2005 Interest!ALERT All rights reserved.

[hainholz]

jetzt kommt Bewegung rein!!!
Geschäftsaussichten sind prima bei dem Alupreis z. Zt.
Aufträge reichlich vorhanden,vor allem auch von der Regierung.

[hainholz]

gut gelaufen heut 9,5% plus

[hainholz]

Kaiser-Aluminium Erhält Gerichtsbilligung der Neuen Finanzierungseinordnung __ HOUSTON ____ Kaiser Aluminium, Houston __ Scott Lamb, 713-332-4751 ____ Kaiser Aluminium gaben bekannt, dass das US-amerikanische Konkursgericht für den Bezirk Delawares die vorher bekanntgegebene neue Finanzierungseinordnung der Gesellschaft genehmigt hat. ____ Die neue Finanzierungseinordnung ist eine Abmachung mit der JPMorgan-Verfolgungsbank, Nationaler Vereinigung, J.P. Morgan Securities Inc, und The CIT Group/Business Credit Inc, unter dem Kaiser mit einem neuen Schuldner-in-Besitz von 200 Millionen $ (KURZES BAD) Kreditmöglichkeit versorgt wird, hatten vor, im Platz bis zum Erscheinen der Gesellschaft vom Kapitel 11 zu bleiben. Die neue Finanzierungseinordnung versorgt auch ein Engagement zu Kaiser für eine Multijahr-Ausgangsfinanzierung in der Form der Revolving-Kredit-Möglichkeit von 200 Millionen $ und eines völlig gezogenen Frist-Darlehens bis zu 50 Millionen $ auf das Erscheinen der Gesellschaft vom Kapitel 11. ____ Die Gesellschaft holte die neue Kreditmöglichkeit des KURZEN BADES heute ein. ____ Kaiser-Präsident und Geschaftsführer Jack A. Hockema sagten, "die Billigung der neuen Finanzierungseinordnung demonstriert die ständige Finanzstabilität von Kaiser, und es ein anderer wichtiger Schritt ist, wie wir uns vorbereiten, unseren formellen Plan der Reorganisations- und Enthüllungsbehauptung innerhalb der nächsten wenigen Monate abzulegen." ____ Aluminium von Kaiser (OTCBB:KLUCQ) ist ein Haupterzeuger von fabrizierten Aluminiumprodukten und besitzt Interessen an der Tonerde und primärem Aluminium. ____-

wieder Big News auf dem Weg aus Chapter 11

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Kaiser Aluminum war vor Chapter 11 an der Nasdaq und dort wird sie auch wieder hinkommen

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16-Feb-2005

Entry Material Agreement, Financial Obligation Matter, Other Events, Financi



Item 1.01 Entry into a Material Definitive Agreement
As previously reported, Kaiser Aluminum Corporation (the " Company" ) and its wholly owned subsidiary, Kaiser Aluminum & Chemical Corporation (" KACC" ), signed a commitment letter and filed a motion with the United States Bankruptcy Court for the District of Delaware (the " Court" ) seeking approval to enter into a new financing agreement (the " New Facility" ). Information in respect of the New Facility agreement is included in the Company`s Current Report on Form 8-K dated as of January 14, 2005.

The New Facility, which was approved by the Court, closed on February 11, 2005. A copy of the New Facility agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference. A copy of the press release issued on February 11, 2005 announcing the Court`s approval and the closing of the New Facility is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The New Facility provides for a secured, revolving line of credit through the earlier of February 11, 2006, the effective date of a plan of reorganization or voluntary termination by the Company. Under the New Facility, the Company, KACC and certain subsidiaries of KACC are able to borrow amounts by means of revolving credit advances and to have issued letters of credit (up to $60.0 million) in an aggregate amount equal to the lesser of $200.0 million or a borrowing base comprised of eligible accounts receivable, eligible inventory and certain eligible machinery, equipment and real estate, reduced by certain reserves, as defined in the New Facility agreement. The amount available under the New Facility shall be reduced by $20.0 million if net borrowing availability falls below $40.0 million.

The New Facility is secured by substantially all of the assets of the Company, KACC and KACC`s subsidiaries other than certain amounts related to four commodity-related subsidiaries (Alpart Jamaica Inc., Kaiser Jamaica Corporation, Kaiser Alumina Australia Corporation and Kaiser Finance Corporation) whose assets are, subject to approval by the Court of certain liquidating plans of reorganization further described below, expected to be distributed to the creditors of those subsidiaries. KACC and all of KACC`s material domestic subsidiaries, other than the four commodity-related subsidiaries mentioned above, are guarantors of the New Facility.

Amounts owed under the New Facility may be accelerated under various circumstances more fully described in the New Facility agreement, including but not limited to, the failure to make principal or interest payments due under the New Facility, breaches of certain covenants, representations and warranties set forth in the New Facility agreement, and certain events having a material adverse effect on the business, assets, operations or condition of the Company taken as a whole.

The New Facility also places restrictions on the Company`s, KACC`s and KACC`s subsidiaries` ability to, among other things, incur debt, create liens, make investments, pay dividends, sell assets, undertake transactions with affiliates, and enter into unrelated lines of business.

Interest on any outstanding borrowings will bear a spread over either a base rate or LIBOR, at KACC`s option.





Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this Current Report regarding the New Facility is incorporated into this Item 2.03 by reference.





Item 8.01 Other Events
On November 1, 2004, the Company announced that two of its subsidiaries (Alpart Jamaica Corporation and Kaiser Jamaica Corporation - " AJI/KJC" ) had filed a joint plan of liquidation and a disclosure statement with the Court. On November 16, 2004, the Company announced that two additional subsidiaries (Kaiser Alumina Australia Corporation and Kaiser Finance Corporation - " KAAC/KFC" ) had filed a joint plan of liquidation and a disclosure statement with



--------------------------------------------------------------------------------

the Court. Information in respect of the AJI/KJC and KAAC/KFC joint plans of liquidation and disclosure statements is included in the Company`s Current Reports on Form 8-K dated as of October 28, 2004 and November 15, 2004, respectively.

On February 11, 2005, each of AJI/KJC and KAAC/KFC filed amended joint plans of liquidation and amended disclosure statements with the Court. Copies of the amended joint plans of liquidation and amended disclosure statements are attached hereto as Exhibits 99.3, 99.4, 99.5 and 99.6 and are incorporated herein by reference.

Bankruptcy law does not permit solicitation of acceptances of the amended plans until the Court approves the applicable amended disclosure statements relating to the amended plans. Accordingly, this announcement is not intended to be, nor should it be construed as, a solicitation for a vote on the amended plans. The amended plans will become effective if and when they receive the requisite stakeholder approval and are confirmed by the Court. The Company refers to the limitations and qualifications included in the amended disclosure statements. In addition, the Company notes that all information contained in the amended disclosure statements is subject to change, whether as a result of amendments to the amended plans, as a result of the actions of third parties or otherwise.





Item 9.01 Financial Statements and Exhibits
(c) Exhibits

* 99.1 Financing Agreement dated February 11, 2005

* 99.2 Press Release dated February 11, 2005

* 99.3 Amended Joint Plan of Liquidation for Alpart Jamaica Inc. and Kaiser Jamaica Corporation

* 99.4 Disclosure Statement Pursuant to Section 1125 of the Bankruptcy Code with Respect to the Amended Joint Plan of Liquidation for Alpart Jamaica Inc. and Kaiser Jamaica Corporation

* 99.5 Amended Joint Plan of Liquidation for Kaiser Alumina Australia Corporation and Kaiser Finance Corporation

* 99.6 Disclosure Statement Pursuant to Section 1125 of the Bankruptcy Code with Respect to the Amended Joint Plan of Liquidation for Kaiser Alumina Australia Corporation and Kaiser Finance Corporation



--------------------------------------------------------------------------------

* Included with this filing. Schedules are omitted from the financing agreement filed as Exhibit 99.1; however, the Company will furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon request

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auf dem Weg aus Chapter11


Kaiser Aluminum Corp. Schneller Anführungsstrich: KLUCQ 0.09 (Gleichmäßig) Kaiser Aluminium erreicht Gericht-Zustimmung der Freigabe Aussagen für Tonerde-Tochtergesellschaften 2/23/05 HOUSTON, Feb 23, 2005 (GESCHÄFT LEITUNG) -- Kaiser Aluminium verkündete, daß, wenn etwas erklärende Änderungen heute an einer verkündet sind Hörfähigkeit das VEREINIGTE STAATEN Konkursgericht für den Bezirk von Delaware die geänderten Freigabe Aussagen für zwei verschiedene liquidierende Pläne in bezug auf die Tochtergesellschaften genehmigt hat, durch die die Firma bestimmte Tonerdebetriebe in Jamaika und in Australien geleitet hat. Die Firma erwartet, geänderte Pläne und die Freigabe Aussagen einzuordnen, die diese Änderungen innerhalb der nächsten Tage enthalten. Keine der Änderungen wird erwartet, um irgendwelche der vorgeschlagenen Verteilungen zu beeinflussen, die vorher in den vorherigen eingeordneten Dokumenten enthalten werden. Das erste ist für den liquidierenden Plan in bezug auf Alpart Jamaica Inc. (AJI) und Kaiser Jamaica Corporation (KJC), durch die die Tochtergesellschaften Kaiser Aluminum & Chemical Corporation (KACC) seine Interessen an den Tonerde-Partnern von Jamaika (Alpart) besaß, eine Teilhaberschaft, die eine Bauxitbergbaubetrieb und -tonerderaffinerie besitzt und laufen läßt, die in Jamaika gelegen ist. Wie vorher verkündet, verkauften AJI und KJC ihre Interessen an Alpart an Juli 1, 2004. Die zweite Freigabe Aussage ist für den liquidierenden Plan in bezug auf Kaiser Alumina Australia Corporation (KAAC) und Kaiser Finance Corporation (KFC). Eine insgesamt besessene Tochtergesellschaft von KACC, KAAC besitzt ein 20% Interesse an der begrenzten Queensland Tonerde (QAL), die eine Tonerderaffinerie besitzt und laufen läßt, die in Australien gelegen ist. KACC und KAAC erwarten, auf dem Verkauf ihrer Interessen an QAL zu Rusal um das Ende des ersten Viertels zu schließen oder früh am zweiten Viertel von 2005. KFC ist eine insgesamt besessene Tochtergesellschaft von KAAC. Seine Primärwerte sind KACC`s andere Tochtergesellschaften intercompany Darlehen zu KACC und sicher. Zustimmung dieser Freigabe Aussagen kennzeichnet den Punkt, von dem Marketing und das Wählen auf den liquidierenden Plänen anfangen können. Das Gericht hat eine Hörfähigkeit festgelegt, um an April 13 anzufangen, confirmation/approval der zwei liquidierenden Pläne zu betrachten. Separat hat das Gericht eine Verlängerung die Periode von Exklusivität durch April 30 für AJI, KJC, KAAC und KFC -- und durch Juni 30 für KACC und die restlichen Kaiser Wesen genehmigt. Kaiser Aluminium (OTCBB:KLUCQ) ist ein führender Produzent der fabrizierten Aluminiumprodukte und besitzt Interessen an der Tonerde und am Primäraluminium. Firmapressekommuniquã©s können Aussagen enthalten, die "das Vorwärts-Schauen von von Aussagen" innerhalb der Bedeutung der privaten Sicherheiten Rechtsstreit-Verbesserung-Tat von 1995 festsetzen. Die Firma warnt, daß irgend solche Vorwärts-schauende Aussagen nicht Garantien der zukünftigen Leistung sind und bedeutende Gefahren und Ungewißheiten miteinbeziehen und daß tatsächliche Resultate von denen materiell schwanken können, die in den Vorwärts-schauenden Aussagen resultierend aus verschiedenen Faktoren ausgedrückt werden oder angedeutet sind. QUELLE: Kaiser Aluminium Kaiser Aluminium, Houston Scott Lamm, 713-332-4751 Geschäft Leitung 2005 Des Copyright-(c). Alle Rechte vorbehalten. © Stockgroup 2005 Media Inc. | Verzicht KLUCQ Gibt SHfn Frei Kaiser Aluminium erreicht Gericht-Zustimmung der Freigabe Aussagen für Tonerde-Tochtergesellschaften Kaiser Aluminium erreicht Gericht-Zustimmung der neuen Finanzierung Anordnung Kaiser Aluminium erreicht Zustimmung des Intercompany Abfindungsvertrages Kaiser Aluminium ordnet die Konditionenvereinbarung hinsichtlich ist der Auflösung der Personenschäden-Ansprüche ein Kaiser Aluminium ordnet die Gericht-Bewegung betreffend ist Zusageschreiben für neue Finanzierung Anordnung ein Technisches Handelndes Tagebuch

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Asu diesem Penny wird sehr bald ein Highflyer

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The company expects to file amended plans and disclosure statements containing these modifications within the next few days. None of the modifications is expected to affect any of the proposed distributions previously contained in the prior filed documents.

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Für Luftnummern wird hier viel Geld locker gemacht,aber Werte wie dieser ,der kurz vorm verlassen von Chapter11 ist,wird übersehen.

[hainholz]

März 21, 2005 Monatsupdate zu den Kunden, zu den Angestellten, zu den Lieferanten und zu den Freunden des Kaiser Aluminiums: In der Heutigen Hörfähigkeit Keine substantivischen Nachrichten tauchten von der heutigen Hörfähigkeit auf, weil die Tagesordnung auf eine Anzahl von ziemlich technischen oder schmal definierten Rechtssachen begrenzt wurde. Wir erwarten die folgende Hörfähigkeit - an April 13 - um vom allgemeineren Interesse zu sein. Das ist, wenn das Gericht Zustimmung der liquidierenden Pläne für vier Gebrauchsgut-in Verbindung stehende Tochtergesellschaften in Zusammenhang mit dem Verkauf unserer Interessen an Jamaika und an Australien betrachtet. Positive Nationale Verkäufe Sitzung Letzte Woche, hielt die Firma seine nationale Verkäufe Sitzung ab, die die meisten unseren Verkäufe reps, Betriebsleitern, Unternehmenseinheitführern und Schlüsselbelegschaft für ein sehr produktives einige Tage zusammenbrachte. Ich freue mich, zu berichten, daß dieses eine der positivsten Sitzungen war, die ich mich in den letzten Jahren gesorgt habe. Die zusammengebaute Mannschaft stellte einen eindrucksvollen Querschnitt der reifen Kaiser Veterane sowie eine enthusiastische und kenntnisreiche Gruppe neuere Angestellte - alle von dar, wem Anteil der gleiche Antrieb, zum von von Kaiser zu seinem vollen Potential zu drücken. Als Gruppe wiederholten wir eine Anzahl von Schlüsselthemen, einschließlich unsere korporative Strategie, um der bevorzugte Lieferant des Aluminiumblattes, der Platte, der Strangpresßlinge, des Schlauches und der Schmieden für die folgenden Anwendungen zu sein: Luftfahrt- und hochfeste allgemeine Technik-kundenspezifische Automobilindustrieprodukte in den verschiedenen Ausbruchlernabschnitten, in unseren Verkäufen und in funktionierenden Völkern besprachen taktische Ausgaben und wiederholten eine Vielzahl von Gelegenheiten, zusätzlichen Wert für unsere Kunden zu erzeugen. Nachdem ich die Energie, die Widmung und den Beweggrund dieser Gruppe gezeugt hatte, kam ich weg von den Sitzungen, die über die Zukunft des Kaiser Aluminiums optimistischer als überhaupt sind. Liquidität Die Liquidität -, die als Bargeld definiert wird und Verwendbarkeit geborgt ist - ist fortgefahren, unter unserem neuen BAD ausreichend zu sein. Unsere borgende Verwendbarkeit ist verhältnismäßig unverändert und fährt fort, mehr als $100 Million zu sein. Jack A. Hockema Präsident und Generaldirektor

[hainholz]

so kann Kaiser auch mal da stehen

[UH1d]

March 31, 2005 07:20 PM Berlin Timezone

Kaiser Aluminum Reports Results for Fourth Quarter, Full Year of 2004

FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--March 31, 2005--Kaiser Aluminum today reported a net loss of $637.5 million, or $8.01 per share, for the fourth quarter of 2004, compared to a net loss of $573.2 million, or $7.16 per share, for the fourth quarter of 2003. For the full year 2004, Kaiser`s net loss was $746.8 million, or $9.36 per share, compared to a net loss of $788.3 million, or $9.83 per share, for 2003.


The 2004 results include a non-cash pre-tax operating charge of $793.2 million -- including a fourth-quarter charge of $638.5 million -- nearly all of which is related to resolution of various matters in the company`s Chapter 11 case, specifically the termination of the company`s pension and post-retirement benefit plans and a related settlement with the United Steelworkers of America. Results for the 2003 periods also include special items and charges, as detailed in the accompanying tables.

Net sales in the fourth quarter and full year of 2004 were $257.7 million and $942.4 million, compared to $183.3 million and $710.2 million for the same periods of 2003.

Kaiser President and Chief Executive Officer Jack A. Hockema said, "Separate and apart from the required non-cash accounting charges -- nearly all of which are associated with incremental progress in the resolution of various matters in our Chapter 11 case -- we were pleased with the operating performance of our fabricated products operations in 2004. In particular, operating income for this business increased sharply compared to the operating loss of 2003. The year-over-year improvement was due primarily to improved demand, which resulted in increases in shipments and higher average realized prices. Similarly, the operating results for fabricated products in the fourth quarter of 2004 improved dramatically from those of the year-ago quarter. Shipments were especially strong in the fourth quarter of 2004, particularly for aerospace and automotive products. The quarter-over-quarter increase in average realized prices was partially attributable to product mix, with individual product lines displaying varying levels of recovery from their recessionary lows of the past several years."

Hockema said, "The company is making steady progress in resolving our remaining Chapter 11 issues, and we expect that Kaiser will emerge from Chapter 11 in the second half of 2005."

Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.

Statements of Consolidated Income (Loss), Selected Operational and Financial Information, and Condensed Consolidated Balance Sheets Follow


KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
(Debtor-in-Possession)

STATEMENTS OF CONSOLIDATED INCOME (LOSS)
(Unaudited)
(In millions of dollars, except share and per share amounts)

Quarter Ended Year Ended
December 31, December 31,
------------------- --------------------
2004 2003 2004 2003
-------- --------- --------- ----------
Net sales $257.7 $183.3 $942.4 $710.2
-------- --------- --------- ----------

Costs and expenses:
Cost of products sold 232.2 182.9 852.2 681.2
Depreciation and
amortization 5.4 5.5 22.3 25.7
Selling, administrative,
research and development,
and general 24.0 18.3 92.3 92.5
Other operating charges
(benefits), net(1) 638.5 136.9 793.2 141.6
-------- --------- --------- ----------
Total costs and expenses 900.1 343.6 1,760.0 941.0
-------- --------- --------- ----------

Operating loss (642.4) (160.3) (817.6) (230.8)


Other income (expense):
Interest expense (excluding
unrecorded contractual
interest expense of $23.7
for both quarters and $95.0
for both years) (3.0) (2.0) (9.5) (9.1)
Reorganization items (10.1) (6.8) (39.0) (27.0)
Other - net(2) (1.1) 1.9 4.2 (5.2)
-------- --------- --------- ----------

Loss before income taxes and
discontinued operations (656.6) (167.2) (861.9) (272.1)
(Provision) benefit for income
taxes(3) (.9) 1.2 (6.2) (1.5)
-------- --------- --------- ----------

Loss from continuing
operations (657.5) (166.0) (868.1) (273.6)
-------- --------- --------- ----------
Discontinued operations: (4)
Income (loss) from
discontinued operations,
net of income taxes,
including minority
interests 20.0 (407.2) (5.3) (514.7)
Gain from sale of commodity
interests -- -- 126.6 --
-------- --------- --------- ----------
Income (loss) from
discontinued operations 20.0 (407.2) 121.3 (514.7)
-------- --------- --------- ----------
Net loss $(637.5) $(573.2) $(746.8) $(788.3)
======== ========= ====================

Income (loss) per share-
Basic/Diluted: (5)
Loss from continuing
operations $(8.25) $(2.07) $(10.88) $(3.41)
======== ========= ========= ==========
Income (loss) from
discontinued operations $.25 $(5.09) $1.52 $(6.42)
======== ========= ========= ==========
Net loss $(8.00) $(7.16) $(9.36) $(9.83)
======== ========= ========= ==========
Weighted average shares
outstanding (000)5)
Basic/Diluted 79,686 80,043 79,815 80,175


(1) The income (loss) impact associated with other operating (charges)
benefits, net, after deducting other operating (charges) benefits,
net related to discontinued operations, for the quarters and years
ended December 31, 2004 and 2003, was as follows (the business
segment to which the item is applicable is indicated):

Quarter Ended Year Ended
December 31, December 31,
------------------- --------------------
2004 2003 2004 2003
--------- --------- --------- ----------
Pension charges related to
terminated pension plans -
Corporate $(154.5) $(121.2) $(310.0) $(121.2)
Charge related to settlement
with United Steelworkers of
America unfair labor practice
allegations - Corporate (175.0) -- (175.0) --
Settlement charge related to
termination of post-
retirement medical benefit
plans - Corporate (312.5) -- (312.5) --
Hearing Loss claims -
Corporate -- (15.8) -- (15.8)
Environmental multi-site
settlement - Corporate -- -- -- (15.7)
Gain on sale of equipment, net
- Fabricated Products -- -- 3.9
Gain on sale of Tacoma
facility - Primary Aluminum -- -- -- 9.5
Restructured transmission
service agreement - Primary
Aluminum -- -- -- (3.2)
Other 3.5 0.1 4.3 .9
--------- --------- --------- ----------
$(638.5) $(136.9) $(793.2) $(141.6)
========= ========= ========= ==========

(2) Other income (expense) for the year ended December 31, 2004
includes a gain of approximately $6.3 which resulted from the
settlement of outstanding obligations of a former affiliate. Other
income (expense) for the year ended December 31, 2003, included
adjustments to the environmental liabilities of approximately
$7.5.

(3) The income tax (provision) benefit for the quarters and years
periods ended December 31, 2004 and 2003, relates primarily to
foreign income taxes. For the quarters and years ended December
31, 2004 and 2003, as a result of the Cases, the Company did not
recognize any U.S. income tax benefits for the losses incurred
from its domestic operations (including temporary differences) or
any U.S. tax benefit for foreign income taxes. Instead, the
increases in federal and state deferred tax assets as a result of
the additional net operating losses and foreign tax credits
generated in 2004 and 2003 were fully offset by increases in the
valuation allowances.

(4) The Company has sold its interests in and related to Alpart,
Gramercy/KJBC, Valco and the Mead Facility. The Company expects to
complete the sale of its interests in and related to QAL in April
2005. A net gain in excess of $300.0 is expected to result from
the sale. In accordance with Generally Accepted Accounting
Principles, the operating results of these interests are reported
as Discontinued operations. Additional information with regard to
Discontinued operations is included in Note 3 of Notes to
Consolidated Financial Statements in the Company`s Annual Report
on Form 10-K for the year ended December 31, 2004.

(5) Income (loss) per share may not be meaningful, because as a part
of a plan of reorganization, it is likely the interests of the
Company`s existing stockholders will be cancelled without
consideration. See Note 2 of Notes to Consolidated Financial
Statements in the Company`s Annual Report on Form 10-K for the
year ended December 31, 2004.


KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
(Debtor-in-Possession)

SELECTED OPERATIONAL AND FINANCIAL INFORMATION(1)
(Unaudited)
(In millions of dollars, except shipments and prices)


Quarter Ended Year Ended
December 31, December 31,
------------------- -------------------
2004 2003 2004 2003
--------- --------- --------- ---------
Shipments (mm lbs)
Fabricated Products 117.6 96.6 458.6 372.3
Primary Aluminum 39.1 38.7 156.6 158.7
--------- --------- --------- ---------
156.7 135.3 615.2 531.0
========= ========= ========= =========

Average Realized Third-Party
Sales Price (per pound):
Fabricated Products(2) $1.89 $1.60 $1.76 $1.61
Primary Aluminum $.92 $.75 $.85 $.71

Net Sales:
Fabricated Products $221.9 $154.4 $809.3 $597.8
Primary Aluminum 35.8 28.9 133.1 112.4
--------- --------- --------- ---------
Total Net Sales $257.7 $183.3 $942.4 $710.2
========= ========= ========= =========

Segment Operating Income
(Loss) - (3)
Fabricated Products(4) $11.8 $(10.2) $33.0 $(21.2)
Primary Aluminum 2.1 2.5 13.9 6.7
Corporate and Other (17.8) (15.7) (71.3) (74.7)
Other Operating (Charges)
Benefits, Net (638.5) (136.9) (793.2) (141.6)
--------- --------- --------- ---------
Total Operating Loss $(642.4) $(160.3) $(817.6) $(230.8)
========= ========= ========= =========
Discontinued operations $20.0 $(407.2) $121.3 $(514.7)
========= ========= ========= =========
Net Loss $(637.5) $(573.2) $(746.8) $(788.3)
========= ========= ========= =========
Capital expenditures
(excluding discontinued
operations) $3.1 $2.7 $7.6 $8.9
========= ========= ========= =========

(1) The Company has sold its interests in and related to Alpart,
Gramercy/KJBC, Valco and the Mead Facility. The Company expects to
complete the sale of its interests in and related to QAL in April
2005. A net gain in excess of $300.0 is expected to result from
the sale. In accordance with Generally Accepted Accounting
Principles, the operating results of these interests are reported
as Discontinued operations. Additional information with regard to
Discontinued operations is included in Note 3 of Notes to
Consolidated Financial Statements in the Company`s Annual Report
on Form 10-K for the year ended December 31, 2004.

(2) Average realized prices for the Company`s Fabricated products
business unit are subject to fluctuations due to changes in
product mix as well as underlying primary aluminum prices and is
not necessarily indicative of changes in underlying profitability.

(3) The Company has changed its segment presentation in 2004 to
eliminate the "Eliminations" segment as the primary purpose for
such segment was to eliminate the intercompany profit on sales by
the Primary aluminum and Bauxite and alumina business units,
substantially all of which are now considered Discontinued
operations. Eliminations not representing Discontinued operations
are now included in segment results. See Note 15 of Notes to
Consolidated Financial Statements in the Company`s Annual Report
on Form 10-K for the year ended December 31, 2004 for additional
information with regard to segment information.

(4) Operating results for the quarter and year ended December 31, 2004
include LIFO inventory charges of $12.1. Operating results for the
quarter and year ended December 31, 2003 include LIFO inventory
charges of $3.2.


KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
(Debtor-in-Possession)

CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In millions of dollars)

December 31, December 31,
2004 2003
-------------- --------------
Assets(1)(2)

Current assets(3) $291.3 $232.3
Discontinued operations` current
assets(2) 30.6 193.7
Investments in and advances to
unconsolidated affiliate 16.7 13.1
Property, plant, and equipment - net 214.6 230.1
Restricted proceeds from sale of
commodity interests 280.8 -
Personal injury-related insurance
recoveries receivable 967.0 465.4
Other assets 42.5 55.1
Discontinued operations` long-term
assets(2) 38.9 433.8
-------------- --------------
Total $1,882.4 $1,623.5
============== ==============

Liabilities & Stockholders` Equity (Deficit)(1)(2)

Liabilities not subject to compromise -
Current liabilities(4) $191.2 $143.6
Discontinued operations` current
liabilities(2) 57.7 177.5
Long-term liabilities 32.9 59.4
Long-term debt 2.8 2.2
Discontinued operations` long-term
liabilities, including minority
interests in 2003(2) 26.4 208.7
Liabilities subject to compromise 3,954.9 2,770.1
Minority interests .7 .7
Commitments and contingencies
Stockholders` equity (deficit) (2,384.2) (1,738.7)
-------------- --------------
Total $1,882.4 $1,623.5
============== ==============

(1) The Company and 25 of its subsidiaries have filed petitions for
reorganization under Chapter 11 of the United States Federal Code.
The balance sheet as of December 31, 2004, has been prepared on a
"going concern" basis, which contemplates the realization of
assets and liquidation of liabilities in the ordinary course of
business; however, as a result of the Chapter 11 filings, such
realization of assets and liquidation of liabilities are subject
to a significant number of uncertainties. Specifically, but not
all inclusive, the balance sheet does not present: (a) the
realizable value of assets on a liquidation basis or the
availability of such assets to satisfy liabilities, (b) the amount
which will ultimately be paid to settle liabilities and
contingencies which may be allowed or (c) the effect of any
changes which may be made in connection with the Company`s
capitalization or operations resulting from a plan of
reorganization.

Upon emergence from the Chapter 11 proceedings, the Company
expects to apply "fresh start" accounting to its consolidated
financial statements as required by AICPA Statement of Position
90-7, Financial Reporting by Entities in Reorganization Under the
Bankruptcy Code. As such, the Company will restate its balance
sheet to equal the reorganization value as determined in its
plan(s) of reorganization and approved by the Court. Because fresh
start accounting will be adopted at emergence, and because of the
significance of liabilities subject to compromise (that will be
relieved upon emergence), comparisons between the current
historical financial statements and the financial statements upon
emergence may be difficult to make.

See Note 1 of Notes to Consolidated Financial Statements of the
Company`s Annual Report on Form 10-K for the year ended December
31, 2004 for additional information regarding the Company`s
Chapter 11 proceedings.

(2) The Company has sold its interests in and related to Alpart,
Gramercy/KJBC, Valco and the Mead Facility. The Company expects to
complete the sale of its interests in and related to QAL in April
2005. A net gain in excess of $300.0 is expected to result from
the sale. In accordance with Generally Accepted Accounting
Principles, the assets and liabilities of these interests have
been reported as Discontinued operations. Additional information
with regard to Discontinued operations is included in Note 3 of
Notes to Consolidated Statements in the Company`s Annual Report on
Form 10-K for the year ended December 31, 2004.

(3) Includes Cash and cash equivalents of $55.4 and $35.5 at December
31, 2004 and December 31, 2003, respectively.

(4) Includes Current portion of long-term debt of $1.2 and $1.3 at
December 31, 2004 and December 31, 2003, respectively. On February
11, 2005, the Company entered into a new financing agreement (the
"DIP Facility") which replaced the existing post-petition credit
agreement (the "Replaced Facility"). As of February 28, 2005,
there were no outstanding borrowings under the DIP Facility. While
there were only $1.8 of letters of credit outstanding under the
DIP Facility at February 28, 2005, there were approximately $15.9
of outstanding letters of credit that had been issued under the
Replaced Facility for which the Company had deposited cash of
$16.7 as collateral. The outstanding letters of credit under the
Replaced Facility are expected to be replaced with letters of
credit issued under the DIP Facility, at which time, the
applicable cash deposit will be refunded to the Company. See Note
7 of Notes to Consolidated Financial Statements in the Company`s
Annual Report on Form 10-K for the year ended December 31, 2004
for additional information with regard to the DIP Facility.

[UH1d]

Gut oder schlecht?
Grüße

[hainholz]

Nettoumsätze im vierten Viertel und im vollen Jahr von 2004 waren $257.7 Million und $942.4 Million, verglichen bis $183.3 Million und $710.2 Million während der gleichen Perioden von 2003.

das ist doch was,oder?

[UH1d]

UPDATE 1-Kaiser Aluminum loss widens on bankruptcy costs
Thu Mar 31, 2005 02:39 PM ET
(Adds details)
NEW YORK, March 31 (Reuters) - Kaiser Aluminum Corp. (KLUCQ.OB: Quote, Profile, Research) , which is under bankruptcy protection, said on Thursday that its quarterly loss widened on charges related to its Chapter 11 proceedings.

The Foothill Ranch, California-based company also pushed back its target to emerge from Chapter 11, saying it now hoped to do so in the second half of this year. Last November, Kaiser had said it expected to complete the bankruptcy proceedings in the first half of 2005.

"The company is making steady progress in resolving our remaining Chapter 11 issues, and we expect that Kaiser will emerge from Chapter 11 in the second half of 2005," President and Chief Executive Officer Jack Hockema said in a statement.

Kaiser posted a loss of $637.5 million, or $8.01 a share, in the fourth quarter, compared with a loss of $573.2 million, or $7.16 a share, a year earlier.

However, sales in the quarter rose, to $257.7 million from $183.3 million last year, especially in Kaiser`s fabricated products unit. The improvement was due primarily to a boost in demand, which resulted in increases in shipments and higher average realized prices, the company said.

The 2004 results include $793.2 million in charges, mostly related to Kaiser`s bankruptcy and specifically the termination of pension and post-retirement benefit plans and a related settlement with the United Steelworkers of America.

[UH1d]

ress Release Source: Kaiser Aluminum

Kaiser Aluminum Completes Sale of Interests in QAL
Friday April 1, 12:24 pm ET

FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--April 1, 2005--Kaiser Aluminum said it has completed the previously announced sale of its 20% interest in and related to Queensland Alumina Limited (QAL), which owns and operates an alumina refinery in Australia, to Rusal for $401 million in cash, subject to certain working capital adjustments, plus Rusal`s purchase of Kaiser`s alumina and bauxite inventories and the assumption of Kaiser`s obligations in respect of approximately $60 million of QAL debt. Kaiser also transferred its existing alumina sales contracts and other agreements relating to QAL to Rusal.

As previously disclosed, the vast majority of the value realized in respect of the company`s interests in and related to QAL is likely to be for the benefit of holders of Kaiser`s publicly traded notes and the Pension Benefit Guaranty Corporation.

Kaiser`s Form 10-K for 2004 provides additional detail on the transaction.

Kaiser Aluminum (OTCBB:KLUCQ - News) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.
Contact:

[hainholz]

Ein wichtiger Schritt zum verlassen von Chapter 11

[UH1d]

Hallo!
Wovon hängt denn das verlassen von Chapter 11 noch ab?
Was mich wundert das der Kurs garnicht reagiert.
Wie hoch war Kaiser vor ch 11 bewertet?

Hier der Text von der Russen Alu Seite.
Grüße

Moscow, April 1, 2005 — RUSAL, one of the world`s leading aluminium producers, today announced the finalization of its purchase of a 20% stake in Australia`s Queensland Alumina Limited (QAL), the world`s largest alumina refinery, from Kaiser Aluminum.

In October 2004, RUSAL won the bidding for a 20% stake in QAL. The auction was held pursuant to rulings of the U. S. Bankruptcy Court for the District of Delaware concerning Kaiser Aluminum`s Chapter 11 case. The value of the transaction amounted to US$401 mln. in cash plus the assumption of an estimated US$60 mln in debt. Since October, RUSAL has proceeded through all required approval procedures, including those from other interested parties and Australian government bodies and agencies.

«We are very pleased to have completed this transaction which is of strategic importance to RUSAL,» Alexander Bulygin, RUSAL CEO, said of the final stage of the acquisition. «The acquisition of this 20% stake in QAL is not only a considerable expansion of our raw material stock, it is also a giant step in the development of RUSAL`s global presence and adds additional strength of the Company`s position in the world aluminium markets. The QAL transaction is the first major investment ever made by a Russian company in Australia.»

As a result of the transaction, RUSAL secures access to an additional 770,000 tonnes/year of alumina and an opportunity to boost this to 1 mln. Tpy through further expansion of QAL. Kaiser assigned to RUSAL all its current alumina sales contracts and other agreements regarding QAL. In 2006-2007, alumina supplies under these obligations will be gradually reduced, and in 2008 RUSAL`s entire share of alumina produced at QAL will become fully available for delivery to the Company`s smelters. The acquisition of 20% of QAL production will expand RUSAL`s raw materials base by more than 22%.

RUSAL will be represented on the QAL Board of Directors by Steven Hodgson, Managing Director, RUSAL`s Alumina Division, and alternately by Duncan Hedditch, head of RUSAL`s

[UH1d]

Kennt noch einer ein Board wo es um Kaiser geht?
Danke

[UH1d]

Form 8-K for KAISER ALUMINUM CORP


--------------------------------------------------------------------------------

7-Apr-2005

Change in Assets, Financial Statements and Exhibits



Item 2.01 Completion of Acquisition or Disposition of Assets
On April 1, 2005, Kaiser Aluminum & Chemical Corporation ("KACC"), a wholly owned subsidiary of Kaiser Aluminum Corporation (the "Company"), and one of KACC`s subsidiaries, Kaiser Alumina Australia Corporation ("KAAC"), completed the previously announced sale of their interests in and related to Queensland Alumina Limited ("QAL") to Alumina & Bauxite Company Ltd., an affiliate of Rusal, for a base price of approximately $401.0 million, plus the assumption of KACC`s obligations in respect of $60.0 million of QAL debt. Information regarding QAL and the arms-length process that led to the sale of Company`s interests in and related to QAL is included in the Company`s Annual Report on Form 10-K for the year ended December 31, 2004.

The Company and its affiliates engage in commercial transactions with Rusal and its affiliates in the ordinary course of business.

The Company issued a press release regarding the transaction in the form attached hereto as Exhibit 99.1, which press release is incorporated herein by reference.





Item 9.01 Financial Statements and Exhibits
( b ) Pro forma financial information
* Unaudited Pro Forma Consolidated Balance Sheet as of December 31, 2004
* Notes to Unaudited Pro Forma Consolidated Balance Sheet ( c ) Exhibits

** 2.1 Purchase Agreement, dated as of October 28, 2004 among KACC,
KAAC and Alumina & Bauxite Company, Ltd. (incorporated by
reference from Exhibit 2.5 to Quarterly Report on Form 10-Q for
the period ended September 30, 2004).
* 99.1 Press Release dated April 1, 2005






--------------------------------------------------------------------------------

* Included with this filing. Schedules are omitted from the purchase agreement filed as Exhibit 2.1; however, the Company will furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon request.
** Schedules are omitted from the purchase agreement filed as Exhibit 2.1; however, the Company will furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon request.

[hainholz]

es kommt Bewegung auf

+ 19,72%%%%%%%%%%%%%%

[UH1d]

Press Release Source: Kaiser Aluminum

Kaiser Aluminum Notified of Voting Results for Liquidating Plans in Connection with Sale of Interests in and Related to Alumina Refineries in Jamaica and Australia
Friday April 8, 9:13 pm ET
Related Hearing Begins on April 13

FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--April 8, 2005-- Kaiser Aluminum has been notified that Logan & Company, the claims agent in Kaiser`s Chapter 11 case, has filed a report with the U.S. Bankruptcy Court for the District of Delaware indicating that a sufficient volume of creditors (in number and amount) have voted to accept the two Liquidating Plans (as defined in Kaiser`s Form 10-K for 2004) filed in conjunction with the previously announced sale of Kaiser`s interests in and related to alumina refineries in Jamaica and Australia, to permit confirmation of the Plans to proceed.

Kaiser`s Form 10-K for 2004 provides additional detail on the Liquidating Plans and the proposed distribution of cash proceeds in connection with the Plans. In addition, the Plans and related Disclosure Statements are posted in the Restructuring section of Kaiser`s web site at www.kaiseraluminum.com.

The filing by Logan & Company also indicates that holders of the company`s 12-3/4% Senior Subordinated Notes, as a group, voted not to accept the Plans. Accordingly, as discussed more fully in the company`s Form 10-K and the Disclosure Statements related to the Plans, the Court will determine the allocation of distributions among holders of the company`s 9-7/8% Senior Notes, 10-7/8% Senior Notes, and the 12-3/4% Senior Subordinated Notes.

Certain technical objections to the Plans have also been filed. The Court will hold a hearing beginning on April 13 to hear and rule on the plan objections and the allocation of distributions among holders of the company`s 9-7/8% Senior Notes, 10-7/8% Senior Notes, and the 12-3/4% Senior Subordinated Notes.

The Court`s decisions regarding confirmation will be subject to appeal. No assurances can be provided as to whether or when the Liquidating Plans will be confirmed by the Court or ultimately consummated or, if confirmed and consummated, as to the amount of distributions to be made to individual creditors of the liquidating subsidiaries or the company. Further, the company cannot predict what the ultimate allocation of distributions among holders of the company`s 9-7/8% Senior Notes, 10-7/8% Senior Notes, and the 12-3/4% Senior Subordinated Notes will be, when any such resolution will occur, or what impact any such resolution may have on the company and its ongoing reorganization efforts.

The Liquidating Plans relate exclusively to the interests in and related to alumina refineries in Jamaica and Australia and will have no impact on the normal ongoing fabricated products business unit or other continuing operations.

Kaiser Aluminum (OTCBB:KLUCQ - News) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.
Contact:

Kaiser Aluminum, Houston
Scott Lamb, 713-332-4751

[UH1d]

@Hainholz
Hallo
Letzte News gut oder schlecht, mein Englisch ist schrott!
Danke für Antwort!
Grüße

[hainholz]

Kaiser Aluminum Comment on Today`s Bankruptcy Court Hearing

FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--April 13, 2005--Kaiser Aluminum said that today`s hearing before the U.S. Bankruptcy Court for the District of Delaware was not completed. Today`s hearing dealt with the confirmation of the two Liquidating Plans (as defined in Kaiser`s Form 10-K for 2004) filed in conjunction with the previously announced sale of Kaiser`s interests in and related to alumina refineries in Jamaica and Australia. A further hearing will be scheduled to resume the confirmation process.


No assurances can be provided as to whether or when the Liquidating Plans will be confirmed by the Court or ultimately consummated or, if confirmed and consummated, as to the amount of distributions to be made to individual creditors of the liquidating subsidiaries or the company. Further, the company cannot predict what the ultimate allocation of distributions among holders of the company`s 9-7/8% Senior Notes, 10-7/8% Senior Notes, and the 12-3/4% Senior Subordinated Notes will be, when any such resolution will occur, or what impact any such resolution may have on the company and its ongoing reorganization efforts.

The Liquidating Plans relate exclusively to the interests in and related to alumina refineries in Jamaica and Australia and will have no impact on the normal ongoing fabricated products business unit or other continuing operations.

Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors

alles geht seinen Gang aus Chapter 11

[hainholz]

Thema: US-Aluminiumkonzern Kaiser Aluminum beim Konkursrichter
HOUSTON (dpa-AFX) - Der drittgrößte nordamerikanische Aluminiumproduzent Kaiser Aluminum Corporation sowie bestimmte Tochterfirmen haben wegen hoher Schulden, extrem schwacher Aluminiumpreise, der schlechten Konjunkturentwicklung, steigenden Betriebsrenten-Verpflichtungen und Schadenersatzklagen Asbestgeschädigter Gläubigerschutz bei einem Konkursgericht in Delaware beantragt. Dies gab das Unternehmen am Dienstag bekannt.

Kaiser Aluminum will seine Geschäfte mit Hilfe einer neuen Kreditvereinbarung mit der Bank of America in Höhe von 300 Millionen US-Dollar fortführen und sich sanieren. Kaiser hat einen Antrag auf temporären Schutz vor seinen Gläubigern im Rahmen des Kapitels elf des amerikanischen Konkursrechtes gestellt.

Mehrere große Kaiser-Aluminum-Beteiligungen in Jamaika, Australien, Ghana und Großbritannien (Wales) waren nicht in den Gang zum Konkursgericht einbezogen./br/DP/av



Autor: dpa - AFX (© dpa),22:44 12.02.2002


so war es vor langer Zeit


jetzt kurz vor verlassen von Chapter 11

http://translate.google.com/translate?hl=de&sl=en&u=http://w…

das ist nur ein Teil vom Konzern

wer was für die Rente machen will,legt sich von diesem vergessenen Wert zu diesem mikrigen Preis welche rein.

Das wird noch ein 10000%%%%%%%%%%%%

[hainholz]

nachbörslich am Freitag

nachbörslich am Freitag

Kaiser Aluminum Reports Results for First Quarter of 2005
5/13/05

FOOTHILL RANCH, Calif., May 13, 2005 (BUSINESS WIRE) --
Kaiser Aluminum today reported net income of $8.3 million, or $.10 per share for the first quarter of 2005, compared to a net loss of $64.0 million, or $.80 per share, for the first quarter of 2004.
Results for the first quarter of 2005 included a pre-tax operating charge of $6.2 million, the majority of which was associated with the implementation of new defined contribution savings plans for employees. Results for the year-ago quarter included a non-cash pre-tax charge (as recorded in discontinued operations) of $33.0 million to reduce the carrying value of the company`s 90% interest in the Valco smelter in Ghana.

Net sales in the first quarter of 2005 were $281.4 million, compared to $210.2 million in the year-ago period.

Commenting on the first quarter of 2005, Kaiser President and Chief Executive Officer Jack A. Hockema said, " The company`s strong performance relative to the year-ago quarter was largely the result of higher shipments, an unusually rich mix, and improved realized prices in our fabricated products business. In particular, we reported a 16% rise in shipments of fabricated products, led by increased demand in the aerospace/high strength market. Realized prices were higher across the board and reached near-peak levels for plate products in response to strong near-term demand."

Hockema added, " Of particular note is the fact that the rich product mix and strong plate prices were key factors that lifted first-quarter operating income in our fabricated products business to the highest level since the 1998-2000 timeframe, when somewhat similar market conditions existed. This result is especially noteworthy in light of a continuing trend of higher costs for energy and freight. Although we are pleased with the company`s operating income in the first quarter, we currently do not expect the remaining quarters of 2005 to have as rich a mix of products."

Hockema added, " We continue to be focused on our objective of emerging from Chapter 11 in the second half of this year."

Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

Company press releases may contain statements that constitute " forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.

Statements of Consolidated Income (Loss), Selected Operational and Financial Information, and Condensed Consolidated Balance Sheets Follow

da könnte se ein Feuerwerk geben

[hainholz]

Hockema added, " We continue to be focused on our objective of emerging from Chapter 11 in the second half of this year."
Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

[hainholz]

Kaiser Aluminum Signs Multi-Year Supply Agreement with Airbus
6/6/05

FOOTHILL RANCH, Calif., Jun 06, 2005 (BUSINESS WIRE) --
Kaiser Aluminum announced that it has signed a new agreement to supply Airbus with heat treat aluminum sheet and plate from 2005 through 2011.

"Kaiser has been a supplier primarily of lightweight sheet to Airbus for many years," said Jack A. Hockema, President and Chief Executive Officer of Kaiser Aluminum. "However, the new agreement represents an important piece of committed business for Kaiser and is an outgrowth of the Airbus qualification of additional Kaiser sheet and plate products in 2004."

Hockema said, "Airbus has clearly demonstrated an increased demand for aluminum sheet and plate, as evidenced in part by the development of the new A380, and we are pleased that this agreement enables Kaiser to be part of a valued customer`s growth story."

Hockema added, "Kaiser has long been recognized as one of the world`s top producers of aluminum sheet and plate for aerospace applications. This new agreement demonstrates our strong competitive position. It is also a tremendous vote of confidence in the performance of the Trentwood, Washington, mill where these products are produced by an exceptionally skilled and dedicated workforce."

Headquartered in Toulouse, France, Airbus is jointly owned by the European Aeronautic Defence and Space Company (80%) and BAE Systems (20%).

Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.

SOURCE: Kaiser Aluminum

Kaiser Aluminum Scott Lamb, 713-332-4751

Copyright Business Wire 2005

© 2005 Stockgroup Media Inc. | Disclaimer

[hainholz]

Die werden ALU produzieren ohne ENDE

und dann ist Schluß mit Chapter 11

[Upturner]

und dann

[yoennie]

Tja, Upturner,

es wird leider so sein, daß nach Verlassen von Chapter 11 die aktuellen Anteile wertlos werden!

Ist mir bei US Airways passiert!!

Sicherlich kann man danach über einen Einstieg sinnieren.

Mein Laden, in dem ich arbeite, hat langjährige Verträge mit Airbus, Boeing etc. und es brummt!! So könnte es bei Kaiser auch kommen.

[hainholz]

Kaiser Aluminiumreports verbesserte Resultate für zweites Viertel und erste Hälfte von 2005 VORBERG-RANCH, Ca, August 15, 2005 - berichtetes Reineinkommen des Kaiser Aluminiums heute von $361.7 Million ($4.54 pro Anteil) und ein Verlust aus aktiven Unternehmensbereichen von $6.6 Million ($0.08 pro Anteil) während des zweiten Viertels von 2005. Reineinkommen während des zweiten Viertels von 2005 schließt einen Reinertrag von $365.6 Million vom Verkauf des Interesses der Firma an der Queensland Tonerde ein, die an April 1, 2005 begrenzt wird, der als Bestandteil von Resultaten von eingestellten Betrieben eingestuft wird. Während des zweiten Viertels von 2004, war Reineinkommen $24.2 Million ($0.30 pro Anteil) und der Verlust aus aktiven Unternehmensbereichen war $14.8 Million ($0.19 pro Anteil). Reineinkommen für 2004 schließt einen Gewinn von $23.4 Million verbunden mit dem Verkauf des Mead, der Washington Schmelzer ein, auch eingestuft, wie acomponent von den Resultaten von eingestellten Betrieben. Für die erste Hälfte von 2005, die Firma Reineinkommen von $370.0 Million berichtet ($4.64 pro Anteil) und einen Verlust aus aktiven Unternehmensbereichen von $8.9 Million ($0.11 pro Anteil). Erstes Hälfte 2004 Resultat waren ein Reinverlust von $39.8 Million ($0.50 pro Anteil) und ein Verlust aus aktiven Unternehmensbereichen von $37.4 Million ($0.47 pro Anteil). Während der Verlust aus aktiven Unternehmensbereichen 2005 fortfährt, die bedeutenden Kosten zu reflektieren, die mit dem Umstrukturierenprozeß verbunden sind, war die Jahr-über-Jahr Betriebseinkommenzunahme $11.0 Million während des zweiten Viertels und $31.7 Million für die erste Hälfte. Kommentierend diese Zunahme, Jack Hockema, Präsidenten und gesagten Generaldirektor, ", wir werden durch die anhaltende Verbesserung in den Resultaten für das Viertel und erste Jahreshälfte gefallen. Die Majorität der Verbesserung reflektiert starke Leistung unseres fabrizierten Produktgeschäfts, die der Kern des neuen Kaiser Aluminiums ist. Starke Luftfahrtnachfrage und Preise für Platte Produkte waren Schlüsselfaktoren, die erste Hälfte Betriebseinkommen unseres fabrizierten Produktgeschäfts zum höchsten Niveau seit dem Rahmen der Zeit 1998-2000 anhoben, als ein wenig ähnliche Marktlagen bestanden. Uns werden gefallen zusätzlich die Betriebseinkommenverbesserung wurden erzielt trotz der fortfahrenden Tendenz der höheren Kosten für Energie und Fracht." Nettoumsätze während des zweiten Viertels von 2005 entwickelten sich $262.9 zu Million von $230.1 Million während des zweiten Viertels von 2004. Nettoumsätze von $544.3 Million für die erste Hälfte von 2005 stellten einen eine 23-Prozent-Verbesserung Überschuß die gleiche Periode von 2004 dar. Vor Nettoumsätze der fabrizierten Produkte erhöhten 15 Prozent vom Jahr zweiten Viertel und von 24 Prozent Jahr-zu-Datum und reflektierten Verbesserungen in beidem Versand und in durchschnittlichen verwirklichten Preisen. Die Firma, zusammen mit Kaiser Aluminum & Chemical Corporation und 19 ihrer Tochtergesellschaften, ordnete auch einen Sanierungsplan und eine in Verbindung stehende Freigabe Aussage im VEREINIGTE STAATEN Konkursgericht für den Bezirk von Delaware während des Viertels ein. Beim Kommentieren das Erreichen dieses Hauptumstrukturierenmeilensteines, gesagtes Hockema, "wir schätzen alle Bemühungen unserer Gläubiger und Gläubigerrepräsentanten, die so mit Sorgfalt mit der Firma während des Prozesses gearbeitet haben, der im viele Konsensvereinbarungen erreichten Überschuß das letzte Jahr reflektiert wird. Wir sind jetzt gut auf unserer Weise zum Durchführen unseres Ziels des Auftauchens, mit einer festen Finanzlage, einem starken alance Blatt und der Fähigkeit, zum in unserem Schlüsseltransport und in industriellen Märkten zu wachsen." Das Konkursgericht wird erwartet, die Freigabe Aussage an einer Hörfähigkeit zu adressieren, die z.Z. für September 1, 2005 festgelegt wird. Nehmen dort kein unerwartetes verzögert in der Freigabe Aussage an und Planzustimmung Prozeß, ist es möglich, daß die Firma von Kapitel 11 während des vierten Viertels von 2005 auftauchen könnte. Kaiser Aluminum Corporation (OTCBB: KLUCQ) ist ein führender Produzent der fabrizierten Aluminiumprodukte für die Luftfahrt- und hochfeste, allgemeine Technik, Automobil und kundenspezifische industrielle Anwendungen. F-1022 Aussagen über vereinigtes Einkommen (Verlust), vorgewählte funktionsfähige und finanzielle Informationen

[hainholz]

Bankruptcy Court Approves Kaiser Aluminum Disclosure Statement; Reorganization Expected in Early 2006
9/8/05

FOOTHILL RANCH, Calif., Sep 08, 2005 (BUSINESS WIRE) --
Kaiser Aluminum Corporation today announced that the U.S. Bankruptcy Court for the District of Delaware has approved the company`s Disclosure Statement that relates to its Second Amended Plan of Reorganization (POR). The court has scheduled a confirmation hearing with respect to the POR for January 9, 2006 and January 10, 2006. Assuming plan confirmation at that time, the company could emerge from Chapter 11 by the end of January or early February 2006.

"Today`s ruling completes the first of three final milestones to the company`s successful completion of its reorganization," said Jack Hockema, president and chief executive officer, Kaiser Aluminum. "We anticipate that the remaining two -- voting by the creditors and confirmation by the bankruptcy and district courts -- will be completed according to the court`s schedule within the next four months. As a result, we now have a definitive, court-approved schedule to emerge early next year as a globally competitive company with a strong balance sheet, best-in-class operations, and the ability to grow in our key transportation and industrial markets."

Hockema continued, "I credit today`s achievement to the outstanding support of our employees, customers, suppliers, and other stakeholders who share our commitment of driving Kaiser Aluminum to its full potential in terms of customer service, quality, product development, and financial performance."

The company expects to commence a 60-day solicitation of acceptances of the POR by creditors by September 15, 2005. Because the POR reflects previously disclosed agreements reached with the company`s major creditor constituents, the company is optimistic that it will receive the necessary acceptances for plan confirmation. However, no assurance can be given that the plan will ultimately receive the necessary acceptances by creditors, or be confirmed by the Bankruptcy Court or U.S. District Court, or that the transactions contemplated by the plan will ultimately be consummated.

As more fully discussed in the company Quarterly report on Form 10-Q for the period ended June 30, 2005, the company`s restructuring would resolve prepetition claims that are currently subject to compromise. Those claims include, among others, retiree medical, pension, asbestos, and other tort, bond, and note claims. The plan would also result in the cancellation of the equity interests of current stockholders and the distribution of equity in the emerging company to creditors or creditor representatives. The majority of the new equity would be distributed to two voluntary employee benefit associations that were created in 2004 to provide medical benefits or funds to defray the cost of medical benefits for salaried and hourly retirees. Retiree medical plans existing at that time were cancelled. All personal injury claims relating to both prepetition and future claims for asbestos, silica and coal tar pitch volatiles, and existing claims regarding noise-induced hearing loss, would be permanently resolved by the formation of certain trusts funded primarily by the company`s rights to proceeds from certain of its insurance policies and the establishment of channeling injunctions that would permanently channel these liabilities away from the company and into the trusts.

Complete details are included in the plan and disclosure statement, which the company has posted in the "Restructuring" section of its web site at www.kaiseraluminum.com.

Kaiser Aluminum Corporation (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications. The company has more than 2,000 employees and 11 plants in North America having the capacity to produce more than 400 million pounds annually of value-added sheet, plate, extrusions, forgings, rod, bar, and tube. Upon emergence, the company also expects to continue to own its 49 percent interest in Anglesey Aluminium Limited, which operates an aluminum smelter in Wales.

F-1023

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including without limitation information regarding the future economic performance and financial condition of Kaiser, the status and progress of the company`s reorganization, the plans and objectives of the company`s management and the company`s assumptions regarding such performance and plans. Kaiser cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors. Actual events could differ materially from those reflected in the forward-looking statements contained in this press release as a result of various factors, including but not limited to those relating to: obtaining requisite acceptances of the plan by creditors; obtaining confirmation of the plan by the Bankruptcy Court and the U.S. District Court and thereafter consummating the plan; competition in the industry in which Kaiser operates; the loss of Kaiser`s customers or changes in the business or financial condition of such customers; conditions in the markets in which Kaiser operates; economic, regulatory and political factors in the foreign countries in which Kaiser operates, services customers or purchases raw materials; unplanned business interruptions; increases in the cost of raw materials Kaiser uses; rising energy costs; Kaiser`s hedging program; expiration of the power agreement for Anglesey; Kaiser`s loss of key personnel or inability to attract such personnel; employee relations; pending asbestos-related legislation; Kaiser`s compliance with health and safety, environmental and other legal regimes; environmental and other legal proceedings or investigations affecting Kaiser; Kaiser`s ability to implement new technology initiatives; Kaiser`s ability to protect proprietary rights to technology; and other risks described in the disclosure statement, a copy of which will be posted on the company`s website. No assurance can be given as to whether or when Kaiser`s plan of reorganization will be consummated or, if and when it does become effective, as to the actual amounts that will ultimately be distributed thereunder to Kaiser`s creditors.

SOURCE: Kaiser Aluminum

Kaiser Aluminum Geoff Mordock, 213-489-8271

Copyright Business Wire 2005

[hainholz]

Aluminium Kaiser Und USWA-UmreißcDetails Der Vereinbarung Prinzipiell


Nach kürzlich stattgefundenen Treffen in Houston, faßten Tex., Aluminium Kaiser und die vereinigten Steelworkers von Amerika (USWA) die Details einer Vereinbarung prinzipiell auf den Bedingungen bestimmter Änderungen an ihren Tarifverträgen zusammen, die mehrere des STAAT-Service der Firma umfassen. Unter anderem ändert die Vereinbarung die Verpflichtungen der Firma in Bezug auf gegenwärtigen und zukünftigen medizinischen Nutzen der Pension und des Rentners und bestimmte andere Angelegenheiten der Adressen.

Die Vereinbarung ist abhängig von Bestätigung durch Anschlußmitglieder, Zustimmungen durch die Direktion der Firma, Zustimmung durch das Konkursgericht und bestimmte andere Zustimmungen. Die Vereinbarung bedeckt ungefähr 1.200 stündliche Angestellte an den Betrieben in Gramercy, Louisiana; Newark, Ohio; Tulsa, Oklahoma; Richmond, Virginia; und Trentwood und Mead, Washington. Hauptelemente der Vereinbarung schließen das folgende mit ein:

PENSION -- aktive stündliche Angestellte werden unter der Steelworkerspensionskasse (SPT) bedeckt; Firmabeiträge zum SPT basieren auf $1 pro Angestellten pro die Stunde bearbeitet. Zusätzlich leitet die Firma eine definierte Beitragrentenversicherung für aktive Angestellte ein; Firmabeiträge zur definierten Beitragrentenversicherung reichen von $800 bis $2400 pro Angestellten pro Jahr, abhängig von Alter und Jahren des Services. Bestehende USWA-Rentenversicherungen werden zur Pensionsleistungs-Garantiekorporation (PBGC) beendet und umgedreht, wenn das Konkursgericht den unterschiedlichen Antrag der Firma für Endpunkt der vorhandenen Pläne genehmigt. Gegenwärtige Rentner empfangen ihren zukünftigen Nutzen vom PBGC.
RENTNER FÖRDERT - gegenwärtige und zukünftige Rentner und überlebende Gatten und ihre Abhängigen werden mit Wahlen für medizinische Deckung, wenn das Konkursgericht den Endpunkt das Bestehen medizinisch genehmigt, das Leben und die Invalidenversicherungprogramme versehen. Resultierend aus solchem Endpunkt können gegenwärtige Rentner, überlebende Gatten und ihre Abhängigen, die nicht Medicare-geeignet sind, COBRA-Deckung wählen. Zukünftige Rentner und gegenwärtige Rentner, die COBRA-Deckung sinken, können wählen, um Nutzen unter einer eben verursachten Begünstigten Verbindung des freiwilligen Angestellten (VEBA) zu empfangen. Kaiser finanziert das VEBA mit einer Kombination des Bargeldes, der Gewinnbeteiligung und anderer Betrachtung durch Dezember 31, 2012, abhängig von bestimmten Kappen und Beschränkungen.
NLRB-Fall - die Beteiligten haben damit einverstandenSIND, ihren Fall zu vereinbaren, der vor dem nationalen Beziehungsbrett, abhängig von der Zustimmung des NLRB-Generals Counsel und das Konkursgericht schwebend ist. Unter den Bezeichnungen der Regelung, nur zwecks der Bestimmung von Verteilungen in Zusammenhang mit der Reorganisierung, wird ein ungesicherter Vorpetitionsanspruch in der Menge von $175 Million gegen den Zustand der Firma erlaubt.
DIREKTION - nach Hervortreten Kaisers von Kapitel 11, ernennt das USWA vier Mitglieder einer Direktion 10-member.
NEUTRALITÄT - die FirmaIST damit einverstanden, eine Position der Neutralität betreffend ist den Unionization aller möglicher Angestellten der reorganisierten Firma anzunehmen.
USWA-Bezirksdirektor David Foster sagte, "wir glauben, daß diese vorläufige Vereinbarung uns ermöglicht, ein wichtiges Niveau der Gesundheit und der Pensionsleistungen für die aktiven und pensionierten Mitglieder beizubehalten. Am wichtigsten, ist ein passender Anteil der zukünftigen Profite der Firma in Richtung zum Verursachen eines neuen Krankenversicherungprogramms für unsere pensionierten Mitglieder engagiert. Wir freuen uns, ein Teil der Lösung unter schwierigen Umständen zu sein, und wir freuen, nah zu arbeiten mit Kaiser für den langfristigen Erfolg der reorganisierten Firma.",

Kaiser hat an ähnlichen Diskussionen auf Rentnernutzen mit anderen Anschlüßen und mit dem Ausschuß der pensionierten Salaried Angestellter teilgenommen.

Kaiser Aluminum & Chemical Corporation ist ein führender Produzent der fabrizierten Aluminiumprodukte, der Tonerde und des Primäraluminiums. Es ist die funktionierende Tochtergesellschaft von Kaiser Aluminum Corporation (OTCBB: KLUCQ).

Das USWA stellt 1,2 Million aktive und pensionierte Mitglieder in den Vereinigten Staaten und dem Kanada dar und zusammen arbeitet, um Jobs zu verbessern; eine bessere Zukunft für Familien errichten; und Gerechtigkeit, Gerechtigkeit und Gleichheit auf dem Job und in unseren Gesellschaften fördern.







sind auf gutem Weg

[hainholz]

Kaiser Lends Support to World Solar Challenge Participants; Delivers Key Components to University of Michigan`s ``Momentum`` Entry for Race across Australia
9/26/05

FOOTHILL RANCH, Calif., Sep 26, 2005 (BUSINESS WIRE) --
Kaiser Aluminum announced today that the company`s sheet, plate and extrusions will serve as key structural components to the solar-powered vehicle developed by the University of Michigan Solar Car Team, which is competing in the World Solar Challenge this month in Australia. Nicknamed "Momentum," the team earlier this year won their fourth North American Solar Challenge.

Kaiser Aluminum serves as a "gold level" sponsor of the University of Michigan Solar Car Team as a result of the company`s contributions including materials and financial support. The team is a non-profit, student-run organization whose purpose is to design and race a solar-powered vehicle in several competitions across the United States and the world.

"We`re excited that the University of Michigan Solar Car team has advanced this far and now will compete with the best in the world," said Theodore DiGuiseppe, vice president and general manager, Automotive & Industrial Products, Kaiser Aluminum. "Their success can be a view into the future as innovation in aluminum ground transportation applications propels development of highly efficient vehicles."

The World Solar Challenge is a 3,000 kilometer race across Australia, from Darwin to Adelaide, in cars powered by nothing more than the power of the sun. It attracts teams from corporations and universities all over the world consisting of the best and brightest excelling in the fields of physics, electrochemistry, engineering, mathematics, multi-disciplined learning and personal development. The Challenge began yesterday with many teams expected to complete the journey in less than four days.

Kaiser Aluminum materials are used in suspension and chassis and body structural components including control arms, mounting brackets, seat frame, and motor mount system.

For more information about the University of Michigan Solar Car team, see Momentum`s web site at http://www.engin.umich.edu/solarcar.

Kaiser Aluminum Corporation (OTCBB: KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications.

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.

SOURCE: Kaiser Aluminum

Kaiser Aluminum Geoff Mordock, 213-489-8271

Copyright Business Wire 2005

© 2005 Stockgroup

[hainholz]

KAISER ALUMINUM CORP Quick Quote: KLUCQ 0.04 (Even)




Kaiser Aluminum`s Chandler Facility Receives TBM Perfect Engine Award for 2005; Achievement Recognizes Success of LeanSigma(R) Transformation at Kaiser Aluminum Facility
9/28/05

FOOTHILL RANCH, Calif., Sep 28, 2005 (BUSINESS WIRE) --
Kaiser Aluminum today announced the receipt of the 2005 TBM Perfect Engine Award for its Chandler facility, an honor that recognizes the company`s commitment to the continuous improvement in manufacturing through the implementation of LeanSigma(R) techniques and standards.

"The Perfect Engine" is awarded annually to a facility that achieves outstanding productivity results, creating business agility, growth and profitability. The award, one of only two bestowed this year, is named after TBM CEO Anand Sharma`s book entitled "The Perfect Engine" and recognizes exceptional work among TBM clients. It honors a facility that has implemented LeanSigma, a fusion of Lean and Six Sigma improvement philosophies, using Kaizen to make customer-focused improvements throughout the value chain.

"Kaiser Aluminum is dedicated to being a best-in-class provider of high-quality aluminum products and `The Perfect Engine` award for our Chandler facility is recognition of the dramatic changes that we`ve made to enhance our competitiveness and transform our corporate culture," said Jack Hockema, president and chief executive officer, Kaiser Aluminum.

The Kaiser Chandler, Arizona, facility manufactures precision, seamless drawn tube with end use applications for aerospace, sporting goods, medical devices and general engineering applications. Products from the plant are distributed throughout the world. The Chandler facility`s LeanSigma transition began after Kaiser`s purchase of the facility in May 2000, with a 68 percent reduction in quoted lead time and on-time delivery increasing from 7 to 97 percent.

"It is gratifying to see our efforts in implementing Lean Sigma recognized," said Dave Conrow, vice president of Lean Sigma, Kaiser Aluminum. "We have elevated the emphasis on Lean Sigma within our organization and look to continue our transformation over the next several years, allowing us to do more with less as we eliminate waste from the value stream with the objective of providing superior value to our customers."

Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications. The company has more than 2,000 employees and 11 plants in North America having the capacity to produce more than 400 million pounds annually of value-added sheet, plate, extrusions, forgings, rod, bar, and tube.

TBM Consulting Group, Inc. is the leading provider of LeanSigma(R) consulting and training services in North and South America, Europe and Asia. The company`s mission is helping manufacturers and service industry businesses create a competitive advantage to generate significant growth in sales and earnings. The company provides the strategic direction and hands-on implementation to guide cultural and organizational transformation. TBM Consulting Group`s LeanSigma approach integrates Lean principles for responsiveness and Six Sigma`s focus on quality. More information about TBM Consulting Group can be found at www.tbmcg.com.

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.

SOURCE: Kaiser Aluminum

Kaiser Aluminum Geoff Mordock, 213-489-8271

Copyright Business Wire 2005

© 2005 Stockgroup Media Inc. | Disclaimer

[hainholz]

NEWS

Kaiser Aluminium verkündet Hauptexpansion bei Trentwood, Washington, der Service, der auf wachsende Industrie-Nachfrage das durchgeführt zu werden Programm $75 reagiert Million, und auf Linie 2008 VORBERG-RANCH, Calif. - Oktober 31, 2005 - Kaiser Aluminium verkündete heute eine Hauptexpansion bei seinem Trentwood, Washington, Walzwerk, zum des bedeutenden Wachstums in der Nachfrage nach fabrizierten Aluminiumprodukten zu adressieren. Die Expansion $75 Million ist schiefergedeckt, über die folgenden drei Jahre mit der vollen on-line-Kapazität fortzufahren, die 2008 vorhanden ist. "dieses ist eine wichtige Expansion, zum einer wachsenden weltweiten Nachfrage in unseren Hauptmärkten für hochwertige fabrizierte Aluminiumprodukte zu befriedigen,", sagte Jack A. Hockema, Präsident und CEO. "die Investition zeigt unsere Verpflichtung zum Dienen der ändernden Notwendigkeiten unserer Kunden, beim Ausrüsten der Firma zum Nutzen vom fortfahrenden Wachstum und z.Z. starken vom Nachfragezyklus der globalen Luftfahrtindustrie und anderer Herstellung Sektoren." Die Expansion schließt die Hinzufügung einer state-of-the-art starken Platte Bahre, horizontalen der Wärmebehandlungöfen, des Ultraschallprüfungsystems und anderer Anbaugeräte ein, um vorhandene Fähigkeiten für helle Lehre Platte und Blatt am Service ergäzunzen. Die neue Ausrüstung ermöglicht Kaiser, schwere ausgedehnte Platte der Lehre Wärmebehandlung in den Stärken von bis 8-10 Zoll an die Luftfahrt- und allgemeinen Technikmärkte weltweit zu liefern. Die Investitionen für dieses Projekt werden erwartet, um die Periode von 2005 bis 2007 zu überspannen, wenn die bedeutendsten Aufwendungen 2006 auftreten. Diese Ausgabe wird in den finanziellen Projektionen reflektiert, die in der Freigabe Aussage eingeschlossen sind, die Sept. 7 datiert wird, 2005 vor kurzem verteilt durch die Firma in Zusammenhang mit dem Marketing von Annahmen seines zweiten geänderten Sanierungsplanes von seinen Gläubigern als Teil der Reorganisierung des Kapitels 11 der Firma. Auch diese Investition enthält einen Teil vom vorweggenommenen Kapitalaufwand, der im neuesten vierteljährlichen Bericht der Firma über Form 10-Q besprochen wird. Service Trentwood Kaisers stellt Wärmebehandlungaluminiumblatt und -platte zu den Hauptherstellern weltweit zur Verfügung. Der Betrieb beschäftigt ungefähr 600 Leute. Kaiser Aluminium (OTCBB:KLUCQ) ist ein führender Produzent der fabrizierten Aluminiumprodukte für die Luftfahrt- und hochfeste, allgemeine Technik, Automobil und kundenspezifische industrielle Anwendungen. Die Firma hat mehr als 2.000 Angestellte und 11 Betriebe in Nordamerika mit der Kapazität, mehr als 400 Million zu produzieren zerstößt jährlich vom Dienstleistungsblatt, von der Platte, von den Strangpresßlingen, von den Schmieden,

[hainholz]

KAISER ALUMINUM CORP Quick Quote: KLUCQ 0.03 (Even)




Airbus Awards Long-term Contract to Kaiser Aluminum to Supply Heavy Gauge Aluminum Plate
11/9/05

FOOTHILL RANCH, Calif., Nov 09, 2005 (BUSINESS WIRE) --
Kaiser Aluminum today announced the signing of a new long-term agreement with Airbus to supply heavy gauge aluminum plate for use in the production of their aircraft. The multi-year agreement will significantly increase the amount of Kaiser Aluminum`s fabricated products produced at Kaiser`s Trentwood, Washington rolling mill to be used by Airbus.

"Kaiser Aluminum has been a major supplier of high-quality aluminum sheet and light gauge plate to Airbus for years and this agreement further strengthens the long-term relationship between the two companies," said Jack A. Hockema, president and CEO, Kaiser Aluminum.

Hockema said, "The aerospace manufacturing industry has been experiencing significant growth with the continued increase in air traffic compounded by retirement of aging aircraft. Airbus is well positioned to benefit greatly from this growth and will have increased needs for high-quality aluminum sheet and plate."

Hockema added, "Kaiser Aluminum has a long history as one of the world`s top producers of aluminum sheet and plate for aerospace applications. The expansion of our relationship with Airbus demonstrates Kaiser`s strong competitive position that will help our aerospace customers meet the growing demand for their products and help Kaiser achieve its goal of profitable growth."

Kaiser Aluminum recently announced a $75 million capital investment to expand its Trentwood facility including the addition of a state-of-the-art heavy gauge stretcher, horizontal heat treat furnaces, ultrasonic inspection system and other ancillary equipment, to complement existing capabilities. The expansion is slated to proceed over the next three years with full online capacity available in 2008.

The heavy gauge contact is the second recent long-term contract awarded to Kaiser Aluminum by Airbus this year. On June 6, 2005, Airbus awarded Kaiser Aluminum a six-year agreement to provide heat treat aluminum sheet and light gauge plate to its aircraft operations.

Headquartered in Toulouse, France, Airbus is jointly owned by the European Aeronautic Defense and Space Company (80 percent) and BAE Systems (20 percent).

Kaiser Aluminum (OTCBB:KLUCQ) is a leading producer of fabricated aluminum products for aerospace and high-strength, general engineering, automotive, and custom industrial applications. The company has more than 2,000 employees and 11 plants in North America having the capacity to produce more than 400 million pounds annually of value-added sheet, plate, extrusions, forgings, rod, bar, and tube.

F-1028

Company press releases may contain statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The company cautions that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those expressed or implied in the forward-looking statements as a result of various factors.

SOURCE: Kaiser Aluminum

For Kaiser

[hainholz]

2005-11-04 Close Window
14:00:01


Kaiser Aluminum Announces Post-Emergence Board of Directors; Future directors bring experience in metals, labor, finance, economics, energy and government







Business Editors

FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--Nov. 4, 2005--
Kaiser Aluminum today announced it has selected the
individuals who will serve as directors of the company after it
emerges from Chapter 11 in early 2006.
Amended Plan of Reorganization (POR). The court has scheduled a
confirmation hearing with respect to the POR for January 9, 2006 and January 10, 2006. If confirmation is received at that time, it is
possible the company could emerge from Chapter 11 during the first
quarter of 2006. Under the POR, the individuals identified above would
become directors of Kaiser Aluminum as of emergence.

[hainholz]

Kaiser Aluminum Delivers Strong Improvement in Third Quarter 2005 Earnings


Third Quarter Highlights
• Total operating income for continued operations increases to $15.0 million
• Fabricated products operating income of $24.5 million doubles results from Q3 2004
• Fabricated products operating income reached $62.7 million for the first nine
months, an almost threefold increase over the same period in 2004
FOOTHILL RANCH, Calif. – November 14, 2005 — Kaiser Aluminum today reported
significantly improved third quarter earnings. Operating income for the third quarter of
2005 was $15.0 million. In 2004, a $160.5 million operating loss occurred in the third
quarter and included a $155.0 million charge related to pension plans assumed by the
Pension Benefit Guaranty Corporation as part of the company’s Chapter 11
reorganization. The current year result reflects significant improvement in the fabricated
products business segment, where operating income of $24.5 million was approximately
double the level of the prior year period. Improved earnings from continuing operations
of the primary aluminum segment and lower ongoing corporate general and
administrative expense from the restructuring of ongoing retiree obligations also
contributed to the improved 2005 results.
For the first nine months of 2005, operating income was $32.0 million. A $175.2 million
operating loss occurred for the first nine months of 2004. The year-over-year change
reflects significant improvement in business performance as well as the large third
quarter 2004 pension charge noted above. Fabricated products operating income reached
$62.7 million for the first nine months of 2005, an almost threefold increase over the
same period in 2004. Year-to-date 2005 earnings from continuing operations of the
primary aluminum segment also were improved, while corporate general and
administrative expense was lower primarily for the reasons discussed above.
Year-over-year changes in income or loss from continuing operations, both for the third
quarter and first nine months, primarily reflect the operating income improvements
described previously. For the third quarter of 2005, income from continuing operations
was $3.9 million contrasted with a $173.2 million loss in the third quarter of 2004. For
the first nine months, a current year loss from continuing operations of $5.0 million
compares with a $210.6 million prior year loss.
In addition to the comparisons previously described, several significant items related to
actions taken by the company during its Chapter 11 reorganization also affect the net
income comparisons. Such items are reported as results from discontinued operations
and are described below. Third quarter 2005 net income was $11.9 million. By
comparison, the third quarter 2004 net loss was $69.5 million and included a $101.6
million net gain from the sale of the company’s interest in and related to Aluminum Partners of Jamaica (Alpart). For the first nine months of 2005, net income of $381.9
million includes a $365.6 million net gain from the second quarter sale of the company’s
interest in Queensland Alumina Limited. For 2004, the nine-month $109.3 net loss
benefited from a second quarter sale of the Mead, Wash. smelter facility for a $23.4
million net gain as well as the Alpart sale.
“We are very pleased with this quarter’s results, especially with the continued
improvement achieved in our fabricated products business,” said Jack A. Hockema,
president and CEO. “For the second time this year, the initial time occurring in the first
quarter, fabricated products earnings have reached levels not seen since the 1998-2000
time frame. We are seeing the benefits of staying focused on improving the operations
and market position of our core business, while at the same time executing a difficult and
lengthy restructuring process for Kaiser.”
Net sales for third quarter 2005 grew to $272 million, an 11 percent increase from 2004,
and for the first nine months grew to $816 million, a 19 percent increase from the same
period last year.
“Although most of our volume growth this year occurred in the first quarter, we have
continued to see the benefit from higher pricing, especially for conversion prices which
represent the increment customers pay for value added in fabricated products over
underlying metal cost,” Hockema said. He added, “We’re also experiencing a notable
product mix improvement due to strong aerospace demand and very favorable market
conditions in heat treat plate products. In view of the strong foundation we have built
from our exemplary service to the heat treat plate market segment, we are taking steps to
capitalize on our position by making a major investment in this business.”
Kaiser Aluminum last week announced a $75 million expansion of the Trentwood
facility, located near Spokane, Washington. The expansion will increase the company’s
capacity for producing sheet and plate products and add the capability to manufacture
heavy gauge stretched heat treat plate in thicknesses of up to 8-10 inches.
On September 8, 2005, the U.S. Bankruptcy Court for the District of Delaware approved
the company`s Disclosure Statement related to its Second Amended Plan of
Reorganization (POR). Solicitation of the votes of creditors is underway and is
scheduled to be completed in mid-November. The court has scheduled a POR
confirmation hearing for January 9, 2006 and January 10, 2006. Assuming POR
confirmation, including U.S. District Court affirmation, at or near that time, it is possible
the company could emerge from Chapter 11 during the first quarter of 2006.
Kaiser Aluminum Corporation is a leading producer of fabricated aluminum products for
aerospace and high-strength, general engineering, automotive, and custom industrial
applications.
Company press releases may contain statements that constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act of 1995,
including without limitation statements regarding the future economic performance and
financial condition of Kaiser, the status and progress of the company`s reorganization, the
plans and objectives of the company`s management and the company` assumptions
regarding such performance and plans. Kaiser cautions that any such forward-looking
statements are not guarantees of future performance and involve significant risks and
uncertainties, and that actual results may vary materially from those expressed or implied
in the forward-looking statements as a result of various factors. Actual events could
differ materially from those reflected in the forward-looking statements contained in this
press release as a result of various factors, including but not limited to those relating to:
obtaining requisite approval of the POR by creditors; obtaining confirmation of the POR
by the Bankruptcy Court and affirmation of confirmation by the U.S. District Court and
thereafter consummating the POR; competition in the industry in which Kaiser operates;
the loss of Kaiser`s customers or changes in the business or financial condition of such
customers; conditions in the markets in which Kaiser operates; economic, regulatory and
political factors in the foreign countries in which Kaiser operates, services customers or
purchases raw materials; unplanned business interruptions; increases in the cost of raw
materials Kaiser uses; rising energy costs; Kaiser`s hedging program; expiration of the
power agreement of Anglesey; Kaiser`s loss of key personnel or inability to attract such
personnel; employee relations; pending asbestos-related legislation; Kaiser`s compliance
with health and safety, environmental and other legal regimes; environmental and other
legal proceedings or investigations affecting Kaiser; Kaiser`s ability to implement new
technology initiatives; Kaiser`s ability to protect proprietary rights to technology; and
other risks described in the Disclosure Statement, a copy of which is posted on the
company`s website.

KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
(Debtor-in-Possession)
STATEMENTS OF CONSOLIDATED INCOME (LOSS)
(Unaudited)
(In millions of dollars, except share and per share amounts)

Quarter Ended
September 30 , Nine months Ended
September 30,
2005 2004 2005 2004


$ $ $ $
Net Sales 271.6 244.4 815.9 684.7
Costs and expenses:
Cost of product sold 233.7 217.5 710.0 620.0
Depreciation and amortization 4.9 5.9 15.0 16.9
Selling, administrative, research and development, and general Other operating charges (1) 17.7 236.8 52.4 68.3
Total costs and expenses 256.6 404.9 783.9 859.9
Operating income (loss) 15.0 (160.5) 32 175.2
Other income (expense):
Interest expense (excluding
unrecorded contractual interest expense of $23.7 for both quarters and $71.2 for both nine-month periods) (1.0) (2.4) (4.2) (6.5)
Reorganization items (8.2) (10.0) (25.3) (28.9)
Other - net (.5) 1.2 (1.5) 5.3
Income (loss) before income taxes and discontinued operations 5.3 (17.1) 1.0 (205.3)
Provision for income taxes (2) (1.4) (1.5) (6.0) (5.3)
Income (loss) from continuing operations 3.9 (173.2) (5.0) (210.6)
Discontinued operations: (2) (3) Income (loss) from discontinued operations, net of income taxes, including minority interests 8.0 2.1 21.3 (23.7)
Gain from sale of commodity interests, net of income taxes of $8.5 in 2005 – 101.6 365.6 125.0
Income from discontinued operations 8.0 103.7 386.9 101.3
Net income (loss) 11.9 69.5 381.9 109.3
Income (loss) per share –
Basic/Diluted: (4)
Income (loss) from continuing
operations $
.05 $
(2.17) $
(.06) $
(2.64)
Income from discontinued
operations $
.10 $
1.30 $
4.85 $
1.27
Net income (loss) $
.15
$
(.87) $
4.79 $
(1.37)
Weighted average shares outstanding (000): (4)
Basic/Diluted 79,672 79,815 79,676 79,858



Notes Follow
(1) Other operating charges for the quarter and nine month periods ended September 30, 2005 included charges totaling $.3 and $5.9, respectively, associated with the 2004 portion of the Company`s defined contribution plans, which were implemented in March 2005 (Fabricated products business unit: $.2 for the quarter and $5.4 for the nine month period, and Corporate: $.1 for the quarter and $.5 for the nine month period). Other operating charges for the nine month period ended September 30, 2005, also included a charge totaling $.6 related to termination of the Houston, Texas administrative office lease in connection with the combination of the Corporate headquarters into the existing Fabricated products
headquarters. Other operating charges for the quarter and nine month periods ended September 30, 2004 included pension charges of $155.5 related to pension plans whose responsibility was assumed by the Pension Benefit Guaranty Corporation (Corporate).


(2) Provision for income taxes for continuing operations for the quarters ended September 30, 2005 and 2004, relates primarily to foreign income taxes. For the quarters ended September 30, 2005 and 2004, as a result of the Cases, the Company did not recognize any U.S. income or any tax benefits for the losses incurred from its domestic operations (including temporary differences) or any U.S. tax benefit for foreign income taxes. Instead, the increases in federal and state deferred tax assets as a result of the additional net operating losses and foreign tax credits generated in 2005 and 2004 were fully offset by increases in the valuation allowances.
Results of operations for discontinued operations were net of income tax (benefit) provision of $(.7) and $2.8 for the quarters ended September 30, 2005 and 2004, respectively, and $12.0 and $15.1 for the nine month periods ended September 30, 2005 and 2004, respectively. The gain on sale of the Company’s commodity-related interests for the nine month period ended September 30, 2005 (which is also a part of discontinued operations), includes approximately $8.5 of alternative minimum tax (“AMT”) estimated to be payable in the United States as a result of the Company’s sale of its interests in and related to QAL. If the Company and/or the four Liquidating Subsidiaries emerge from bankruptcy during 2005 (see Note 1 of Notes to Interim Consolidated Financial Statements in the Company`s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005), certain of the tax attributes would likely be available to reduce the AMT provision recorded during the nine months ended September 30, 2005.


(3) The Company sold its interests in and related to Alpart, Gramercy, KJBC, Valco and the Mead Facility in 2004. The Company completed the sale of its interests in and related to QAL in April 2005. In accordance with Generally Accepted Accounting Principles, the operating results of these interests are reported as Discontinued operations. Results from discontinued operations for the quarter and nine month periods ended September 30, 2005 and 2004 include the following significant items. Additional information with regard to Discontinued operations is included in Note 4 of Notes to Interim Consolidated Financial Statements in the Company`s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005.



Quarter Nine months
2005 2004 2005 2004


Gain on sale of - $ $ $ $
QAL interests - - 365.6 -
Alpart interests - 101.6 - 101.6
Mead properties - - - 23.4
Valco impairment charge - - - (33.0)

(4) Income (loss) per share may not be meaningful, because as a part of a plan of reorganization, it is likely the interests of the Company`s existing stockholders will be cancelled without consideration. See Note 2 of Notes to Interim Consolidated Financial Statements in the Company`s Quarterly Report on Form 10-Q for the quarter ended September 30, 2005.



KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
(Debtor-in-Possession)
SELECTED OPERATIONAL AND FINANCIAL INFORMATION
(Unaudited)
(In millions of dollars, except shipments and prices)

Quarter Ended
September 30 , Nine months Ended
September 30,
2005 2004 2005 2004
Shipments (mm lbs)

Fabricated Products 120.7 117.9 365.2 341.0
Primary Aluminum 38.8 40.3 115.7 117.5
159.5 158.2 480.9 458.5


Average Realized Third-Party Sales Price (
per pound) :

Fabricated Products(1) $ 1.95 $ 1.79 $ 1.94 $ 1.72
Primary Aluminum (2) $ .92 $ .85 $ .93 $ .83



Net Sales:
Fabricated Products $ 235.9 $ 210.4 $ 707.7 $ 587.4
product Aluminum 35.7 34.0 108.2 97.3
Total Net Sales $ 271.6 $ 244.4 $ 815.9 $ 684.7


Segment Operating Income (Loss)3)
Fabricated Products $ 24.5 $ 12.3 $ 62.7 $ 21.1
Primary Aluminum 6.2 3.4 17.9 11.9
Corporate and Other (15.4) (21.5) (42.1) (53.5)
Other Operating Charges(4) (0.3) (154.7) (6.5) (154.7)
Total Operating Income (loss) $ 15.0 $ (160.5) $ 32.0 $ (175.2)
Discontinued operations(5) $ 11.9 $ (69.5) $ 381.9 $ (109.3)
Capital expenditures (excluding discontiinued operations) $ 11.8
$ 1.9 $ 20.4 $ 4.5



(1) Average realized prices for the Company`s Fabricated products business unit are subject to fluctuations due to changes in product mix as well as underlying primary aluminum prices and are not necessarily indicative of changes in underlying profitability.
(2) Average realized prices for the Company`s Primary aluminum business unit excludes hedging revenues.
(3) The Company changed its segment presentation in 2004 to eliminate the "Eliminations" segment as the primary purpose for such segment was to eliminate the intercompany profit on sales by the Primary aluminum and Bauxite and alumina business units, substantially all of which are now considered Discontinued operations. Eliminations not representing Discontinued operations are now included in segment results. Operating results for the Primary aluminum business unit in quarter and nine month periods ended September 30, 2004 are after the elimination of $.3 and $1.0, respectively. See Note 14 of Notes to Interim Consolidated Financial Statements in the Company`s Quarterly Report on Form 10- Q for the quarterly period ended September 30, 2005 for additional information with regard to segment information.
(4) See Note 11 of Notes to Interim Consolidated Financial Statements in the Company`s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2005, for information regarding Other operating charges.
(5) See Note 3 of Statements of Consolidated Income (Loss) for a discussion of results from discontinued operations.



KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
(Debtor-in-Possession)
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In millions of dollars)



September 30, 2005 December 31, 2004
Assets(1)(2) $ $
Current assets(3) 270.6 291.3
Discontinued operations` current assets .4 30.6
Investments in and advances to unconsolidated affiliate 16.2 16.7
Property, plant, and equipment - net 218.5 214.6
Restricted proceeds from sale of commodity interests 680.6 280.8
Personal injury-related insurance recoveries receivable 965.5 967.0
Other assets 46.0 42.5
Discontinued operations` long-term assets (2) - 38.9
Total $ 2,197.8 $ 1,882.47




Liabilities & Stockholders` Equity (Deficit) (1) (2)


Liabilities not subject to compromise - $ $
Current liabilities (4) 168.2 191.2
Discontinued operations` current liabilities (2) 17.2 57.7
Long-term liabilities 41.1 32.9
Long-term debt 1.2 2.8
Discontinued operations` liabilities (liabilities subject to compromise) (2) 26.4 26.4
Liabilities subject to compromise 3,949.8 3,954.9
Minority interests .7 .7
Commitments and contingencies
Stockholders` equity (deficit) (2,006.8) (2,384.2)
Total $ 2,197.8 $ 1,882.4



(1) The Company and 25 of its subsidiaries have filed petitions for reorganization under Chapter 11 of the United States Federal Code. The balance sheet as of September 30, 2005, has been prepared on a "going concern" basis, which contemplates the realization of assets and liquidation of liabilities in the ordinary course of business; however, as a result of the Chapter 11 filings, such realization of assets and liquidation of liabilities are subject to a significant number of uncertainties. Specifically, but not all inclusive, the balance sheet does not present: (a) the realizable value of assets on a liquidation basis or the availability of such assets to satisfy liabilities, (b) the amount which will ultimately be paid to settle liabilities and contingencies which may be allowed or (c) the effect of any changes which may be made in connection with the Company`s capitalization or operations resulting from a plan of
reorganization.
The Company, KACC, and 19 of their subsidiaries filed a plan of reorganization and disclosure
statement in September 2005. The Company has begun the solicitation process for plan approval. Such
process is expected to be completed in mid-November 2005. The Court has set November 16, 2005 as
the date by which objections to the plan must be filed and January 9, 2006 and January 10, 2006 as
dates for Plan confirmation.
U pon emergence from the Chapter 11 proceedings, the Company expects to apply "fresh start" accounting to its consolidated financial statements as required by AICPA Statement of Position 90-7, Financial Reporting by Entities in Reorganization Under the Bankruptcy Code. As such, the Company will restate its balance sheet to equal the reorganization value as determined in its plan(s) of reorganization and approved by the Court. Because fresh start accounting will be adopted at emergence, and because of the significance of liabilities subject to compromise (that will be relieved upon emergence), comparisons between the current historical financial statements and the financial statements upon emergence may be difficult to make. See Note 1 of Notes to Interim Consolidated Financial Statements of the Company`s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2005 for additional information regarding the Company`s Chapter 11 proceedings.
(2) Information with regard to Discontinued operations is included in Note 4 of Notes to Interim Consolidated Statements in the Company`s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2005.
(3) Includes Cash and cash equivalents of $43.3 and $55.4 at September 30, 2005 and December 31, 2004, respectively.
(4) Includes Current portion of long-term debt of $1.2 at September 30, 2005 and December 31, 2004.

[hainholz]

Antwort auf Beitrag Nr.: 15.225.542 von hainholz am 30.11.04 22:55:38

Kaiser Aluminium während seiner Reorganisierung des Kapitels 11, die an Februar 12 begonnen wurde, 2002 dargestellt. An Februar 6, 2006, trug das VEREINIGTE STAATEN Konkursgericht für den Bezirk von Delaware einen Auftrag ein, der Reorganisierungplan Kaisers bestätigt. Der Plan behebt alle Verbindlichkeiten Kaisers, von denen viele ungewöhnlich kompliziert waren. Unter anderen Verbindlichkeiten behebt der Plan mehr als 100.000 während Asbestkästen sowie Silikon, Kohlenteertaktabstand volatiles und Ansprüche des noise-induced Verlusts der Hörfähigkeit. Die verhandelte Auflösung bezieht (a) die Kreation von Vertrauen finanzierte durch eine Barzahlung $13 von Million, von 6.4% der Billigkeit in der reorganisierten Firma (plus 100% des Vorrates einer Tochtergesellschaft mit begrenzten Werten) und von Rechten zu den Versicherung Erträgen und (b) die Implementierung der lenkenden Injunktionen mit ein, die dauerhaft diese unerlaubte Handlung Ansprüche und Zukunftansprüche von Kaiser auf die Vertrauen verweisen. Zusätzlich underfunded die Planbeschlüsse über $600 Million innen Pensionverbindlichkeiten und $790 Million in den medizinischen Verbindlichkeiten des Rentners, indem sie, unter anderem, für die Austeilung des Vorrates zum PBGC und zu zwei Begünstigten Verbindungen der freiwilligen Angestellten zugunsten der Angestellten und der Rentner zur Verfügung stellten. In Zusammenhang mit dem Plan wurden medizinische Pläne des vorhandenen Rentners und die Nutzenrentenversicherungen der Firma drei größten definierten beendet und bestimmter Wiedereinbau definierte Beitragrentenversicherungen wurden eingeführt. Milliarden Dollar intercompany Ansprüche unter verschiedenen Schuldnern wurden auch durch eine globale Regelung daß beteiligte bestimmte intercompany Barzahlungen, Versatz von Ansprüchen und Freigaben behoben. Die Klimaverbindlichkeiten, die auf Dutzenden Aufstellungsorten bezogen wurden, wurden ebenfalls während des Verfahrens des Kapitels 11 behoben. Die Reorganisierung folgt der erfolgreichen Implementierung eines strategischen Planes, der die Verkäufe der Gebrauchsgutgeschäfte weltweit ergab, einschließlich Verkäufe von Bergbau- und Raffinerieinteressen an Jamaika, von Interesse an einer Tonerderaffinerie an Australien, von Interessen an einem Schmelzer an Ghana und von Raffinerie in Louisiana. Erträge von diesen Wertverkäufen überstiegen $700 Million, die auf Gläubiger gemäß unterschiedlichen liquidierenden Plänen verteilt werden, die auch durch das Konkursgericht bestätigt wurden. Kaiser und 25 Teilnehmer wurden durch ungefähr $3.1 Milliarde in der Schuld zu der Zeit der Archivierungen des Kapitels 11 belastet, aber werden vom Bankrott mit praktisch keiner Schuld auftauchen. Das VEREINIGTE STAATEN Amtsgericht muß den Konkursgericht-Bestätigung Auftrag bestätigen, bevor Kaiser vom Bankrott auftauchen kann. In Verbindung stehender Service-Geschäft Umstrukturierenu. Reorganisierung-Angestellt-Nutzen U. Executivausgleich Steuer-Professioneller Darstellung Gregory M. Gordon Henry L. Gompf Troy B. Lewis Daniel P. Winikka W. Anthony Stewart Markierung T. Goglia Charolette F. Noel Richard A. Chesley Robert J. Grab-John R. Cornell Karl M. Jenks Richard F. Shaw Brandon Jäger Jackson

[hainholz]

Antwort auf Beitrag Nr.: 21.043.272 von hainholz am 01.04.06 23:14:46

klettert gut in letzter Zeit

Quick Quote: 0.06 (+ 0.006) KLUCQ

[hainholz]

jetzt wird es demnächst losgehen

Entlassung aus Chapter11

Kaiser Aluminum To Seek OK To Extend DIP Loan Terms



Friday April 28, 2:40 PM EDT


WASHINGTON -(Dow Jones)- Kaiser Aluminum Corp. (KLUCQ) (KLUCQ) said Friday it reached a deal with its lenders to extend the term of its debtor-in-possession loan to Aug. 31 while it awaits court approval of its Chapter 11 reorganization plan.

The company's $200-million DIP loan, provided by a group of lender led by JPMorgan Chase Bank and CIT Group/Business Credit Inc., was set to expire May 17. News of the loan extension came in a regulatory filing with the Securities and Exchange Commission.

The amendment, which requires bankruptcy-court approval, also will extend to Aug. 31 the lenders' commitment to provide an exit facility upon the company's emergence from bankruptcy protection.

A hearing bankruptcy court hearing on the extension is set for May 15.



Kaiser got bankruptcy court confirmation in February of its Chapter 11 plan, which earmarks the majority of the equity in the reorganized company to two trusts created in 2004 for Kaiser's union and salaried retirees in connection with the cancellation of the retirees' medical benefits.

However, the U.S. District Court must also sign off on the plan. The district court has scheduled a hearing for May 11 to consider the plan.

The company has said it hopes to exit bankruptcy in the second quarter of the calendar year.

Kaiser, based in Foothill Ranch, Calif., filed for Chapter 11 protection Feb. 12, 2002, facing tough industry conditions and asbestos liabilities. Kaiser makes fabricated aluminum products for aerospace, engineering, automotive and custom industrial applications.

-By Patrick Fitzgerald, Dow Jones Newswires; 202-862-3544; patrick.fitzgerald@ dowjones.com

(END) Dow Jones Newswires
04-28-06 1440ET
Copyright (c) 2006 Dow Jones & Company, Inc.

© 2005 Dow Jones & Company, Inc. All Rights Reserved.

[ka.sandra]

JETZT GEHT ES RUND

[ka.sandra]

MEINE FRESSE...........

+84% OTC

[ka.sandra]

abgefahren

+113%

[Jannik04]

hammerheiß das teil

[ka.sandra]

0.22 +193%

[Jannik04]

th 0,24$..... meine fresse.....

war kurz dabei, aber schnell wieder raus....

[waxweazle]

Wo Standen die als sie an der nasdaq waren??

[Jannik04]

Antwort auf Beitrag Nr.: 21.526.338 von waxweazle am 11.05.06 18:02:30

... keine Ahnung..... hab mich mit dem Teil noch nie beschäftigt.... hab heute nur nen kurzen trade gemacht.

[ka.sandra]

Antwort auf Beitrag Nr.: 21.526.338 von waxweazle am 11.05.06 18:02:30

die Marketcap war noch vor 2 Wochen 4 Mio. USD - ein Witz fuer eine Firma mit 2300 Mitarbeitern!

Sollten die den Turnaround schaffen (wonach es aussieht) waeren ganz minimalistisch gerechnet 300 Mio faellig, was einem Kursnievau von ca. 3 USD entspreache...

[Jannik04]

Antwort auf Beitrag Nr.: 21.526.391 von ka.sandra am 11.05.06 18:05:57

na dann heist es noch mal welche zulegen...... aber ein zwei wochen sollte man sich des teil schon noch anschauen... heißes ding

[ka.sandra]

Antwort auf Beitrag Nr.: 21.526.450 von Jannik04 am 11.05.06 18:09:47

wie gesagt: wenn der turnaround gelingt dann waere das eine vernuenftige market cap! wenn nicht dann sehen wir 0.01

[waxweazle]

Kennt sich damit jemand aus ist das wirklich so??


Tja, Upturner,

es wird leider so sein, daß nach Verlassen von Chapter 11 die aktuellen Anteile wertlos werden!

Ist mir bei US Airways passiert!!

Sicherlich kann man danach über einen Einstieg sinnieren.

Mein Laden, in dem ich arbeite, hat langjährige Verträge mit Airbus, Boeing etc. und es brummt!! So könnte es bei Kaiser auch kommen.
ist von 2005

[ka.sandra]

Antwort auf Beitrag Nr.: 21.526.895 von waxweazle am 11.05.06 18:36:25

es wird leider so sein, daß nach Verlassen von Chapter 11 die aktuellen Anteile wertlos werden!

Ist mir bei US Airways passiert!!


das kann so sein - muss aber nicht

[Jannik04]

... kommt wieder....
ich geh noch mal kurz rein...
no risk no fun

[Jannik04]

Antwort auf Beitrag Nr.: 21.527.198 von Jannik04 am 11.05.06 18:56:42

der drops is erst mal gelutscht.... erst mal nur watchlist....

[mfierke]

[Jannik04]

Antwort auf Beitrag Nr.: 21.533.198 von mfierke am 12.05.06 09:54:08

ob heute noch mal was geht?