Johan Menckel

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 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 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 […]

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 the entirety of its value chain. The firm’s press release described a set of five sustainability targets that Gränges expects to meet by 2025, consisting of a reduction in accidents per million hours worked to […]