Owensboro Riverport Authority | 1771 River Road | P.O. Box 21955 | Owensboro, Kentucky 42304
 
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Owensboro Riverport receives A-380.1 Aluminum for London Metal Exchange – NASAAC contract

August 8, 2005


For Immediate Release

August 8, 2005 (Owensboro, KY) -- Owensboro Riverport Authority received today the first truckload of A-380.1 aluminum alloy for delivery onto warrant for the London Metal Exchange – North American Special Aluminum Alloy Contract (NASAAC). This LME-NASAAC futures contract is utilized by producers and diecasters to assist the balance of supply and demand market fundamentals.

Recycled scrap is remelted to produce the aluminum alloy in which the diecasting industry utilizes to produce lightweight engine parts and automotive components. The popularity and use of aluminum alloy has grown steadily in recent years.

Owensboro Riverport operates nearly 1 million square feet of covered warehouse space and is a Foreign Trade Zone (FTZ # 29). The Riverport also serves as a delivery point for the primary aluminum contract traded on the New York Mercantile Exchange (NYMEX) and is recognized as the leading inland port/warehouse for the shipment of imported aluminum into the United States.

Additional information regarding Owensboro Riverport and its role in the LME-NASAAC contract may be obtained by contacting the following individuals:

Ed Riney - President/CEO (270) 926-4238, ext. 201

Larry Woods – Director, Marketing and Sales (270) 926-4238, ext. 206

About London Metal Exchange

The London Metal Exchange (LME) is the world’s premier non-ferrous metals market, with highly liquid contracts. It is an innovative Exchange, while maintaining its traditional strengths in a modern business environment. It remains close to its core users by ensuring its contracts continue to meet the high expectations of a demanding industry. As a result, it is highly successful, with a turnover value of some US $2,000 billion per annum. It is a major contributor to the United Kingdom’s invisible earnings, responsible for more than £250 million in overseas earnings each year.

About Owensboro Riverport Authority

As the premier inland riverport in the Ohio Valley, the Owensboro Riverport is the perfect choice to meet domestic and international shipping needs for distribution channels in the Midwest and Mid-South. Strategically located at Mile 759 of the Ohio River, the state-of-the-art facility and its information technology systems insure the most efficient turnaround time in material shipment.

In June 1976, operations began at the Riverport with the formal opening of a river terminal dock and warehouse storage facilities. The Owensboro Riverport delivers innovative and reliable material handling and warehouse storage service and domestic and international shipping.

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Contact Information:

Jane Hatfield

Marketing and Sales Director

TEL: (270) 926-4238, ext. 203

Fax: (270) 683-3711

Mobile: (270) 993-0045

jhatfield@OwensboroRiverport.com

Related Document: 2005.0808 - Owensboro Riverport receives A-380.1 Aluminum for London Metal Excha

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