The US aluminium producer, deemed an essential business in that country, anticipates that its commercial aerospace value-added revenue could be roughly 20-25% lower in 2020 compared with record levels last year.
Under normal market conditions, commercial aerospace represents roughly 33% of Kaiser’s consolidated value-added revenue. In 2019, the company reported value-added revenue of $856 million.
Kaiser produces value-added plate, sheet and extruded products for aerospace, automotive and industrial applications at 12 facilities across North America.
“Since late February 2020, global air travel has slowed dramatically as a result...