Gränges is a global leader in aluminium rolling and recycling in selected niches. We’re committed to creating circular and sustainable aluminium solutions in partnership with our customers and suppliers - for a better future.
Gränges is a global leader in aluminium rolling and recycling. We help customers grow and transition to climate neutrality. Our products enable efficient climate control in transportation and buildings, electrification and battery components, recyclable packaging, and more.
Gränges Endure is our product brand for aluminium solutions that combine the highest technical and sustainability performance.
Gränges’ ambition is to create circular and sustainable aluminium solutions for a better future. Sustainability, alongside people and safety, is a key driver of the company’s long-term competitiveness and value creation. These elements are at the core of Gränges’ business and strategy, emphasizing their central role in differentiating the company within the industry.
Investor Relations Director
Anna Hedenberg
anna.hedenberg@granges.com +46 76 869 96 48
Working at Gränges means being surrounded by proud, talented and motivated colleagues – in a safe work environment. Our success is based on extensive industrial craftsmanship and highly employees.
Today 3,500 employees make up Gränges Group in three regions: Americas, Asia and Europe. Gränges is a global company with local presence. Are you joining the team?
Here we have brought together our press releases, financial reports and images. Gränges aims to provide open and clear information disclosure. You are very welcome to contact us if you have questions.
VP Communication & Investor Relations
Sara Lander Hyléen
sara.hyleen@granges.com +46 709 16 16 41
As a Group with operations in different parts of the world, Gränges is exposed to various risks and uncertainties. Gränges’ risk management process entails to identify, assess, and reduce risks related to the Group’s business and operations
Gränges works actively with risk management to monitor and minimize risks in a structured and proactive manner. Gränges’ Group Management team is responsible for making an annual risk review, including identifying and quantifying risks as well as making plans for how to mitigate them.
A systematic approach to risk management enables Gränges to maintain focus on its core business and its customers while spending less time on dealing with unwanted situations. Gränges promotes a risk awareness culture where employees are encouraged to speak up and pro pose improvements and actions to mitigate risks. Transparency is fundamental for dealing effectively with risks.
A summary of Gränges’ main risks - market, operational and financial risks – can be found below or read more in the Annual and Sustainability Report 2025
Market risks are managed and controlled by the corporate functions and by the regions in accordance with established guidelines and procedures.
With its global production footprint and customer base, Gränges is exposed to macro and regulatory risks which could affect the political and economic environments within and between these countries. Such risks relate to external impact that could change the dynamics of the demand for Gränges’ products or affect Gränges ability to meet demand for its products. Examples of external impact that could disrupt demand or otherwise affect Gränges ability to meet its customers’ needs in short and long term are; general economic slowdown, cost inflation, pandemic, war, other force majeure event, access to labour, political priorities, trade barriers, sanctions, protectionism, environmental legislations etc. Changes in macro and regulations could result in financial losses and/or cause other harm to the company or its customers. Changes could on the other hand also act to the benefit of Gränges.
Commercial risks are primarily related to Gränges relations towards customers and external market competition which can have a direct negative impact on the financial performance. Example of such risks are customer relations, reputation and brand, contract risk, pricing, competition and substitution, quality, technology and R&D, as well as M&A and partnerships. The most evident consequences from realized commercial risks are loss of ability to obtain new customers, suppliers and partners as well as to maintain such existing relationships. The risk of worsened customer relations through negative publicity has increased with the many information and media channels available, making it more difficult for Gränges to control how the company is perceived in the markets compared to relevant competitors.
Supply chain risks include critical suppliers’ failure to deliver quality or material to Gränges, sustainability risks in the value chain as well as legal risks. Gränges’ products use large amounts of input materials. Insufficient supply or inadequate quality of products delivered would imply that Gränges cannot produce certain products at the quality expected from customers. Also, reductions or shutdowns of larger suppliers could impact Gränges’ ability to manufacture and deliver products. Social risks and human rights violations are mainly related to indigenous rights in the extraction, mining and smelting activities. Extractive activities also carry a risk of forced and child labour, although there are few reports of this in aluminium mining. Environmental risks mainly occur in mining activities where there are risks related to e.g. biodiversity loss, leakage and air emissions. Further, refining and smelting activities are energy- and water intensive processes. Corruption risks are mainly linked to mining approvals, regardless of the country’s level of economic development or political system. Mismanagement of these risks may lead to undesirable effects on operational and financial results such as increased costs, delayed deliveries, and possible claims from customers. It can also lead to reputational losses.
Operational risks are managed and controlled by the corporate functions and by the regions in accordance with established guidelines and procedures.
Production risks are connected to critical machine (both hardware or software) breakdowns as well as major incidents such as a fire or explosion, occurring in the production sites. Critical machine breakdowns could give rise to production stoppages, preventing or making it more difficult for Gränges to meet its commitments to its customers. Unplanned stoppages in production facilities could also result in defective products or products of inferior quality. Power failures or cuts could lead to breakage in the coils in the cold-rolling process, resulting in the need to discard the coils, or could lead to sparks, which increases the risk of fire.
Health and safety risks mainly relate to incidents or accidents in the cast house or rolling mills, which can cause damage on fingers, hands, feet and legs. Other risks are exposure to chemicals and risk of fire, which can be hazardous to employees’ health. Also, employees and other individuals may be injured if the implementation of safety procedures is unsuccessful or inefficient. Unsafe workplaces can lead to increased employee turnover as well as higher operating costs and production interruptions. Safety and health incidents can also lead to reputational damages for the company. The facilities may be interrupted if Gränges fails to implement safety processes or if implemented processes are not efficient and, if they are not remedied quickly and time-efficiently, could prevent normal execution of the work. Each of the above can result in financial losses, which could have a negative impact on Gränges’ operations, reputation, financial position or results.
Employee risks are mainly related to lack of access to and difficulty to attract and retain qualified and skilled employees, due to high competition on the labour market. Gränges operates in a traditional industry where competition for qualified employees is high. Job opportunities are located outside metropolitan areas which tends to reduce the number of available qualified candidates. There are also risks relating to not having a diverse workforce as this is a prerequisite for a productive and innovative organization. If Gränges fails to attract, develop, retain and motivate qualified personnel needed in the business, it would make it more difficult for the company to deliver goods and services in accordance with customers’ expectations. As a result, it could lead to significant future loss of revenue, increased costs and lack of diversity, which may have a significant negative impact on Gränges’ operations, earnings and financial position
Environmental risks are mainly related to emissions to water, soil and air or releases of environmentally hazardous substances resulting from incidents and accidents in Gränges’ production facilities, such as fire, oil spill, or leakages. Other environmental risks are related to natural resource scarcity. Such events may have financial, non-financial, as well as in some cases, regulatory repercussions. Climate transition risks include emerging regulation to incentivize reduced carbon emissions as well as carbon pricing mechanisms which could lead to higher costs for Gränges, e.g. increased costs in carbon taxes. Other transition risks include shifting customer and consumer preferences towards products carrying a lower climate impact, which could reduce the demand for Gränges’ products. Climate physical risks are mainly related to acute physical risks with increased severity and frequency of extreme weather events. This could disturb not only direct operations but also the infrastructure supporting the production, including electricity supply and transportation. The potential financial consequences may include decreased revenue from reduced sales volumes and increased costs to repair potential dagames at the sites.
Gränges operates in many different markets, with local laws and rules. It can sometimes be challenging as complex market conditions can lead to situations where employees are uncertain how to act. Misconduct, fraud, violation of laws and regulations and internal policies, or other improper acts carried out by Gränges’ employees, representatives or partners could have an adverse effect on Gränges’ business, reputation, profit and financial position. Such action could involve a breach of applicable regulations on e.g. public procurement, secrecy, contractual costs, internal control of financial reporting, the environment and trade. Risk of corruption and bribery exists in some markets where Gränges conducts business. Corruption can prevent economic development, distort competition, lead to increased costs and destroy confidence, reputation and brand.
IT risks relate to disruptions in important IT systems or the digital infrastructure, which could have a direct impact on production, financial reporting and other important business processes. Gränges is therefore exposed to risk relating to interruptions and disruptions in its IT infrastructure caused by computer viruses, power failure, human or technical errors, sabotage, weather or nature-related events, or problems caused by failures in care and maintenance. IT attacks, errors or damage to IT systems, operational disruptions and incorrect or faulty deliveries of IT services from Gränges’ IT providers leading to extensive production stoppages could have a material adverse effect on Gränges’ business. It could lead to inability to deliver products or services in time to customers or other stakeholders, which could lead to financial and reputational losses. Errors in the handling of financial systems could affect the company’s financial reporting. The risk of unauthorized intrusion into Gränges’ systems may result in financial losses and other damage. Failure to adequately restrict access to information may result in unauthorized knowledge or use of confidential information.
Financial risks are managed in accordance with Gränges’ Financial Management Policy. Gränges uses derivatives and other financial instruments to reduce financial risks.
Currency risk arises when Gränges sales is denominated in other currencies than the costs. Sales contracts are mainly denominated in USD, EUR and CNY, depending on where the customers are located while costs are mainly in USD, CNY, PLN and SEK. Changes in foreign exchange rates have an impact on Gränges’ income statement, balance sheet, and cash flow. Over time, changes in foreign exchange rates may also affect the company’s long-term competitiveness and earnings capacity.
Commodity price risk is primarily related to the price of aluminium, which is Gränges’ single most important input factor and largest expense. Besides aluminium, Gränges is also using various alloying metals in the production, such as Manganese, Magnesium, Silicon etc., although in significantly lower volumes. Price changes in aluminium and alloying metals can have a negative impact on Gränges operating profit in case these are not transferred to the customers. Aluminium is a standardized, exchange traded commodity. Gränges uses the market prices set on the London Metal Exchange and Shanghai Futures Exchange as basis both for purchases and sales. In addition to the global metal prices, there are also regional premiums that reflect the local availability of material which also affect the commodity price exposure.
Energy price risks relate largely to changes in energy prices that can adversely affect Gränges’ operating profit. Long-term changes in market prices will eventually affect Gränges’ operating profit if these are not transferred to the customers. Both re-melting and casting of aluminium are energy-intensive processes and energy costs are Gränges’ third largest expense, after metal and personnel costs. Gränges primarily uses energy in the form of natural gas, electricity, and liquefied petroleum gas, and mainly uses energy in furnaces where aluminium is re-melted. Energy prices may vary as a result of political and economic factors outside Gränges’ control, such as access to and demand on local and regional markets, government regulations and the introduction of additional energy taxes.
Gränges’ interest rate risk is primarily related to the Group’s interest-bearing liabilities. The majority of Gränges’ interest-bearing debt is denominated in SEK and USD and has floating interest rate. Changes in interest rates may affect the Group’s results and cash flow and/or the fair value of financial assets and liabilities.
The liquidity risk is related to Gränges’ ability to meet all payment obligations. Cash flow from operations, future payment commitments, available cash and credit lines are factors that, among others, affect the liquidity risk. The liquidity risks are monitored on Group level.
Credit risks are related to counterparties not meeting its obligations towards Gränges. Credit risk can for instance be related to trade receivables or financial counterparties.
Refinancing risk is the risk that loans or other financing sources cannot be prolonged or replaced when necessary, or that new financing only can be achieved at a significantly higher cost.
Property damage is the risk of damage to Gränges production plants (i.e. buildings and other constructions), machinery, equipment, stock and any other property caused for example by fires, floodings, windstorms and other perils. The consequences of a property damage could be loss of production, increased costs and unexpected financing need, which in turn may lead to difficulties for Gränges to obtain sufficient financing at a reasonable cost.
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