It reported income of $65M for the full year ended December 31, 2010, an increase of $12M or 23% compared to the prior year.

It reported income of $12M in Q4 2010, which was comparable to Q3 2010.

President Jack Hockema said he was optimistic about the prospects for aerospace and high strength applications in 2011.

He anticipated higher revenue from the two industries in the next six months. He also believed demand will improve and its growth in automotive extrusion programmes will increase revenue in H1 2011.

He said: “Completion of the Kalamazoo facility, along with the recent acquisition of the Alexco and Nichols Wire assets, further strengthens our platform of focused facilities positioned as low-cost producers and suppliers of choice for aerospace and defense, general engineering and automotive applications.”

Kaiser customers include Boeing Co, Airbus SAS, Lockheed Martin Corp, Honda Motor Co and truck maker Paccar Inc.