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 during July and August experienced temporary production disturbances in the Huntingdon and Salisbury plants in the US. The production disturbances have impacted the already capacity constrained rolling mills and resulted in lost production capacity and lower sales volume. The specific issues behind the disturbances have been solved. For the third quarter the temporary production disturbances are expected to lead to a loss of sales volume of about 6 ktonnes.
“We usually do not comment on minor production disturbances, but when occurring in plants operating at close to maximum capacity there is a direct impact on the sales volume. The specific issues behind the disturbances have been solved and we have also strengthened the production organization in Gränges Americas to further increase the focus on process stability and availability of the production assets. Moreover, I am looking forward to the start of production for our expansion investments in the fourth quarter as this also will ease the current capacity constraints”, says Gränges’ CEO Johan Menckel.
Gränges will publish its Interim Report for January to September 2019 on Thursday 24 October at 07:30 CEST. CEO Johan Menckel and CFO Oskar Hellström will present the report at a webcasted conference call at 10.00 CEST the same day.
For further information, please contact: Johan Menckel, CEOjohan.menckel@granges.com, tel: +46 8 459 59 00
Oskar Hellström, CFO & Deputy CEOoskar.hellstrom@granges.com, tel: +46 8 459 59 00
This information is information that Gränges AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 13 September 2019 at 17:15 CEST.
About GrängesGränges 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 per cent. The company develops, produces and markets advanced materials that enhance efficiency in the customer manufacturing process and the performance of the final products. 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 about 1,800 employees and net sales of SEK 13 billion. The share is listed on Nasdaq Stockholm. More information on Gränges is available at www.granges.com.
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