Gränges Boosts Financial Flexibility With New Credit Facility Agreements
Swedish rolled aluminium firm Gränges AB said yesterday that it has refinanced a 2016 credit agreement it negotiated for the...
Gränges AB
Gränges Purchases Utilities Infrastructure At Finspång From Jernbro For SEK93 Million
Swedish rolled aluminium firm Gränges AB announced on Friday the acquisition of the entirety of the utilities infrastructure at its plant in Finspång from industrial services provider Jernbro for SEK93 million (US$9.65 million). Per the firm, the buy-out of Finspång’s utilities infrastructure...
Gränges Kicks Off Series Of Long-Term Sustainability Goals
Swedish rolled aluminium firm Gränges AB announced yesterday an initiative to achieve benchmarks for sustainable production and global competitiveness along...
Gränges Joins Aluminium Stewardship Initiative
Swedish rolled aluminium firm Gränges AB announced yesterday that it is the newest member of the Aluminium Stewardship Initiative (ASI),...
Events
Gränges Plans SEK400-Million Expansion To Finspång Plant
Swedish rolled aluminium firm Gränges AB announced yesterday a SEK400-million (US$43.87 million) project to improve efficiency and increase capacity at the firm’s operations at Finspång. Per the firm’s press release, the project includes the purchasing of land and buildings, an upgrade of the site’s rolling mill, and relocation of existing machinery. The planned expansion is […]
Gränges and Mitsubishi Aluminium Joint Venture For North American Plant Placed In Limbo
A joint venture planned between Sweden’s Gränges AB and Japan’s Mitsubishi Aluminum Co., Ltd. to build a plant in North America to produce advanced aluminium materials for use in brazed automotive heat exchangers has been put on hold indefinitely. Gränges said in a press release yesterday that “current circumstances” made the project less attractive than […]
Gränges to Reopen NW Arkansas Rolling Mill in Q1 2019 After US$26 MM in Upgrades
Swedish rolled aluminium firm Gränges AB yesterday disclosed that it will soon restart production at its aluminium rolling mill in Newport, Arkansas. The company will invest around US$26 million in the plant prior to its reopening, primarily to upgrade equipment already on site. Per the company, upgrades should be complete and production will commence by […]
Gränges Partners with Nevada Firm on Trials of Scandium-Aluminium Alloys
Swedish rolled aluminium firm Gränges AB revealed yesterday the signing of a letter of intent with United States firm Scandium International Mining Corp. to form a partnership to explore the use of scandium-aluminium alloys in heat exchanger applications. According to Scandium International, the firm will contribute samples of scandium-aluminium alloys to Gränges, who will test […]
Gränges to Issue Short-Term Commercial Paper Program
Swedish rolled aluminium firm Gränges AB announced yesterday a new commercial paper program that will soon join the firm’s other financing programs. According to the relevant press release, Gränges will soon issue short-term paper in the amount of SEK1.5 billion (US$187 million), with a term of issue of under one year. Gränges CFO and deputy […]
Half-Year Report: Aluminium Prices Still Under Pressure
Base metals prices continued to slide in May and early June, with metals traded on the LME witnessing some serious losses, causing the index to drop by 6.6% in May. The reason for this fall remains the same: investors are cautious about ...
Aluminium Prices in Q2: A Market Analysis
Base metals prices tumbled in the last week of April and at the start of May, with the aluminium price ...
Research and Investment Hail Changing Tides for Montenegro’s KAP
On April 25, Montenegro’s Uniprom D.O.O. (owners of Kombinat Aluminijuma Podgorica, KAP) started construction works on a €15 million aluminium ...
Aluminium Industry Riding To Higher Demand In Electric Vehicles
This is an exciting time indeed for aluminium consumption, with demand for this highly versatile metal continuing to rise to ...
