Gränges AB

Gränges Resumes Production At North Carolina Aluminium Plant And Upgrades At Arkansas Plant

Gränges Resumes Production At North Carolina Aluminium Plant And Upgrades At Arkansas Plant

Swedish rolled aluminium firm Gränges AB said on Thursday that the Salisbury, North Carolina plant has been reopened and the upgrade of its Newport, Arkansas plant has resumed thanks to a rise in aluminium demand in recent months. The firm’s CEO Johan...

Gränges And Alcoa Partner On Low-Carbon Aluminium Production

Yesterday Swedish rolled aluminium firm Gränges AB and American aluminium pioneer Alcoa Corp announced an agreement to partner on a collaboration aimed at reducing the aluminium value chain’s impact upon the climate. The agreement will have Gränges sourcing ECOLUM rolling slabs, which are part of Alcoa’s SUSTANA range of low-carbon products. The entire product line […]

Gränges Buys Poland’s Aluminium Konin For SEK2.3 Billion

Swedish rolled aluminium firm Gränges AB announced on Thursday that it has come to an agreement to purchase its Polish counterpart Aluminium Konin from the Boryszew Group for SEK2.3 billion (US$240.8 million). Per the firm, the deal is equal to an EV/EBITDA multiple of 6.9x LTM (Last Twelve Months) from September’s EBITDA. In addition to […]

Gränges European Reorganization To Affect 22 Positions In Swedish Operations

Swedish rolled aluminium firm Gränges AB said yesterday it is reorganizing its domestic operations in order to enhance customer service and long-term regional competitiveness. Though details were sparse, Gränges Europe said that the changes would impact just under two dozen white-collar positions in Sweden. At present, Gränges Europe boasts a workforce in its home country […]

Gränges Shanghai Automotive Aluminium Production Plant Gains ASI Certification

Swedish rolled aluminium firm Gränges AB’s Shanghai production facility is the latest plant to achieve certification against the Aluminium Stewardship Initiative’s Performance Standard. The plant’s production includes aluminium strips and plates used in automotive manufacturing applications. ASI notes the certification’s symbol as an ongoing commitment to environmental, social, and governance responsibility. Gränges’s Shanghai plant boasts […]