Gränges AB

Gränges Boosts Financial Flexibility With New Credit Facility Agreements

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 purchase of American subsidiary Gränges Americas Inc. Gränges indicates that the new credit facility is a revolving facility of SEK2,000 million and...

Events

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 […]

Gränges and Mitsubishi Aluminium Announce North American Auto Parts JV

Rolled-aluminium manufacturer Gränges AB and Japan’s Mitsubishi Aluminum Co., Ltd. announced a new joint venture between the two firms last week. The North American venture will see the two firms cooperate in the production of advanced aluminium materials for use in brazed automotive heat exchangers. According to the announcement, the as-yet named joint venture will […]