**EXHIBIT 12.1**

**COMPUTATIONOF RATIO OF EARNINGS TO FIXED CHARGES**

| ** **                                                                                        | ** ** | **Six Month**    | ** ** | ** **                                              | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
|---------------------------------------------------------------------------------------------------|------------|-----------------------|------------|---------------------------------------------------------|------------|------------|------------|------------|------------|------------|------------|------------|------------|
| ** **                                                                                        | ** ** | **Period Ended** | ** ** | ** **                                              | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** | ** ** |
| ** **                                                                                        | ** ** | **June 30,**     | ** ** | **Fiscal years ended December 31,** | ** ** |
| ** **                                                                                        | ** ** | **2006**              | ** ** | **2005**                                                | ** ** | **2004**   | ** ** | **2003**   | ** ** | **2002**   | ** ** | **2001**   | ** ** |
| Income (loss)  from continuing operations, before taxes                                           |       |                  | $          | 149,931                                                 |       |       | $          | 27,886     |       | $          | 57,152     |       | $          | (26,796 | ) | $ | 69,608 |   | $ | 47,219 |   |
| Fixed charges:                                                                                    |       |                  |       |                                                    |       |       |       |       |       |       |       |       |       |   |   |
| Total interest including amortization of debt  discount and issue costs and amounts capitalized   |       |                  | $          | 143,961                                                 |       |       | $          | 177,919    |       | $          | 146,026    |       | $          | 152,032 |   | $ | 153,280 |   | $ | 170,848 |   |
| Rentals                                                                                           |       |                  | 3,416      |                                                    |       | 4,715      |       | 5,383      |       | 3,660      |       | 3,174      |       | 3,499 |   |
| Total fixed  charges                                                                              |       |                  | $          | 147,377                                                 |       |       | $          | 182,634    |       | $          | 151,409    |       | $          | 155,692 |   | $ | 156,454 |   | $ | 174,347 |   |
| Earnings before income or loss  from equity earnings plus fixed charges less capitalized interest |       |                  | $          | 296,950                                                 |       |       | $          | 210,567    |       | $          | 208,656    |       | $          | 129,084 |   | $ | 225,981 |   | $ | 221,188 |   |
| Ratio of earnings  to fixed charges(a)(b)                                                         |       |                  | 2.0        | x                                                       |       | 1.2        | x          | 1.4        | x          | —     |       | 1.4        | x          | 1.3 | x |

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        (a) Interest expense was not adjusted for the 2003 divestitures ofAIMCOR and JW Aluminum.

       (b) Due to losses during the fiscal year ended December 31, 2003,the ratio coverage for that period was less than 1:1. The coverage deficiencywas $26.6 million.

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