Johan Menckel

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

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...

Events

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), joining the standards body earlier this month. In joining ASI, Gränges will begin work on achieving certification against the ASI Performance Standard for at minimum one facility or product within the first two years of […]

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 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 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 […]

Gränges Announces US$110-Million Expansion at Tennessee Aluminium Rolling Mill

Rolled-aluminium manufacturer Gränges AB announced yesterday an investment of US$110 million in a two-year expansion project at its rolling mill in Huntingdon, Tennessee. According to the firm, the move is an effort at meeting the growing demand for rolled aluminium products including light-gauge foil, automotive heat exchangers, and HVAC components. In addition to serving customer […]