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
Gränges has signed a letter of intent with Japanese Mitsubishi Aluminum Co., Ltd to form a joint venture in North America for manufacturing of advanced aluminium materials for brazed automotive heat exchangers. The letter of intent is the first step towards forming the joint venture.
Once formed, the joint venture will combine the high expertise of Gränges and Mitsubishi Aluminum within aluminium rolling for establishment of a new production facility in North America.
“The agreement with Mitsubishi Aluminum marks a start for a long-term partnership in North America. We will leverage our strengths and together capture opportunities in the market for advanced aluminium products to mainly the automotive industry, for brazed heat exchangers but also for other products”, says Gränges CEO Johan Menckel.
“We remain focused on growing our presence in automotive heat exchanger materials in North America. We see many synergies with Gränges, most importantly, absolute focus on research and innovation to meet the growing demands of our automotive customers. We are excited and look forward to a long-term partnership with Gränges”, says Akio Hamaji, President & CEO of Mitsubishi Aluminum Co., Ltd.
The joint venture is expected to be established in 2018. Additional terms of the agreement will be disclosed when finalized.
For further information, please contact: Pernilla Grennfelt, SVP Communications and IR of Gränges pernilla.grennfelt@granges.com, tel: +46 702 90 99 55
Brad Thomas, VP Strategy & Marketing Gränges Americas brad.thomas@granges.com, tel: +1 615-815-9492
The information in this press release is such that Gränges must disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on Friday 15 September 2017 at 08.45 CET.
About Mitsubishi The Mitsubishi Aluminum (MALCO) Group is a global supplier of aluminium rolled and extruded products. Since its foundation in 1962, MALCO has provided high quality aluminium beverage can materials, automotive heat exchanger components (for radiator and car air conditioners), electronic components (for lithium-ion batteries and aluminium electrolytic capacitors) and so on for customers all over the world. In addition, the MALCO Group has five hubs (Japan, the United States, Thailand, China, and India), and the group companies provide not only aluminium rolled and extruded products but also a variety of fabricated products for industrial materials, food and pharmaceutical packaging, and transport equipment applications. The MALCO Group has more than 2,000 employees and net sales of about JPY 100 billion as of 2016. For more information, please visit our website at http://www.malco.co.jp.
About Gränges Gränges is a leading global supplier of rolled aluminium products for heat exchanger applications and other niche markets. In materials for brazed heat exchangers Gränges is the global leader with a market share of approximately 20%. The company develops, produces and markets advanced materials that enhance efficiency in the customer manufacturing process and the performance of the final products; brazed heat exchangers. The company’s geographical markets are Europe, Asia and the Americas. Its production facilities are located in Sweden, China and the United States, and have a combined annual capacity of 420,000 metric tonnes. Gränges has some 1,600 employees and net sales of more than SEK 10 billion. The share is listed on Nasdaq Stockholm. More information on Gränges is available at granges.com.
svenska
中文(中华人民共和国)
日本語