ALUMINICASTE GROUP DE MÉXICO, S. DE R.L. DE C.V.

October 24th, 2016

Aluminicaste Mexico Responds to Aluminum Insider article

On October 21, 2016 Aluminum Insider published a story titled, “Evidence Points to Much Larger Fake Semi Trade Relocating to Vietnam.”

Aluminicaste would like to go on record that we are deeply disappointed with the extremely irresponsible misguided narratives that Christopher Clemence from Aluminum Insider is promoting.

We would also like to go on record to refute much of Aluminum Insiders faulty reporting with the following statements:

• Aluminicaste is an independent aluminum billet manufacturer based in Mexico, supplying mostly the Mexican, European and South American Market, with over 300,000 metric tons successfully processed in over 3 years of operations, and it is very proud to produce over 350 jobs directly and many more indirectly.

• Aluminicaste maintains a reasonable amount of inventory, of which 100%is produced at our Mexican facilities.

• We  did  not/do  not  stockpile  unreasonable  amounts  of  aluminum.  The inventory numbers in the story were grossly exaggerated, untrue, and damaging to our business.

• Aluminicaste  prides  itself  on  the  fact  that  all  product  sales  and  related product shipments are conducted in strict compliance with Mexican foreign trade law as well as the customs laws and regulations of countries or regions where our products are transported, all of which is verifiable using documents held by authorities. False reports of circumvention defame our business and damage us greatly.

• Aluminicaste  has  not  engaged  in  and  has  never  used  any  unlawful practices to evade duties imposed by the United States government. In fact, billet is assessed a 0% import tariff by the US. In the the last three years, Aluminicaste has shipped less than 10,000 metric tons of billet to the United States, less than 4% of our production.

• Aluminicaste is not involved in any of the alleged “fake semis” or “fake  

pallet” sales to the United States. Our raw materials are sourced locally. Aluminicaste does not manufacture or purchase pallets for production use.

Aluminicaste  takes  seriously  Aluminum  Insiders’  allegations  and  the  resulting concerns they have caused amongst our business partners, customers and  employees.    This  type  of  reporting  causes  damage  to  our  corporate  reputation. Aluminicaste will take all measures necessary to preserve and protect it’s reputation.