Gränges AB

Gränges’ Finspång Automotive Aluminium Plant Earns Provisional ASI Certification

Gränges’ Finspång Automotive Aluminium Plant Earns Provisional ASI Certification

The Aluminium Stewardship Initiative (ASI) and Swedish rolled aluminium firm Gränges AB announced earlier this week that the firm’s Finspång AB plant in Sweden has been provisionally certified against the ASI’s Performance Standard for responsible aluminium production. The plant has been operating...

Events

Gränges To Purchase Remaining Interest In GETEK From Erbslöh For €8.5 Million

Swedish rolled aluminium firm Gränges AB said yesterday it has agreed to buy the remaining 49-percent interest in aluminium billet producer GETEK GmbH from German firm Erbslöh Aluminium GmbH for €8.5 million (US$10.1 million). Per Gränges, GETEK’s addition to its portfolio will help it grow its market share in the aluminium sector by introducing it […]

Gränges Announces Layoff Of 75 Employees At Finspång Plant

Swedish rolled aluminium firm Gränges AB said on Wednesday that it is negotiating with the labor union at its facilities over a corporate reorganization that will see the culling of 75 positions in Finspång. Per the firm, the move is being done in an effort at strengthening Gränges Europe’s offerings and to shore up its […]

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 […]