Johan Menckel

Gränges Cut Carbon Emissions By 8 Percent In 2020

Gränges Cut Carbon Emissions By 8 Percent In 2020

Swedish rolled aluminium firm Gränges AB relayed the sustainability achievements it accomplished last year yesterday, including significantly reducing its total carbon emissions and an increase in adoption of renewable energy. Gränges said on Thursday that 2020 saw the company cut total carbon...

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Events

Gränges Obtains Regulatory Green Light For Purchase Of Aluminium Konin

Gränges Obtains Regulatory Green Light For Purchase Of Aluminium Konin

Swedish rolled aluminium firm Gränges AB announced earlier this week that it has obtained clearance from the EU Commission to proceed with its purchase of Polish flat-rolled aluminium producer Aluminium Konin. Gränges first announced the sale last November, in which it will purchase the Boryszew Group subsidiary for SEK2.3 billion (US$240.8 million). In addition to […]

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

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 […]

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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 multiple of 6.9x LTM (Last Twelve Months) from September’s EBITDA. In addition to […]

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Gränges Shanghai Automotive Aluminium Production Plant Gains ASI Certification

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 […]

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