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 formed a joint venture with Shandong Innovation Group (SIG) to build a recycling and casting operation in the hydropower-rich province of Yunnan, China. The joint venture has secured access to low-carbon primary aluminium with energy-efficient delivery from a nearby smelter, and to renewable energy for the casting operations. This strategic partnership will drive a drastic reduction of Gränges’ carbon footprint on the way to its 2040 net-zero target. It will also enable Gränges to meet customer demands for market-leading sustainable aluminium solutions in Asia.
“This is an essential step in our Navigate plan for sustainable growth. Partnering with SIG will bring us a big step closer to climate neutrality by 2040 and further increase our sourcing of sustainably produced metal and energy. The demand for sustainable aluminium solutions is on the rise throughout Asia. This partnership strengthens our competitiveness and enables us to create more value for our customers,” says Jörgen Rosengren, CEO of Gränges.
With the supply of rolling slabs from the joint venture operations, Gränges Asia anticipates halving its carbon emissions intensity by 2025.
“Shandong Innovation Group is a leader in aluminium cast products in China and has been a valued and trusted partner and supplier to Gränges Asia for many years. We share the same vision for an innovative and sustainable development and I’m very pleased to extend our partnership through this joint venture. This is also an important step for Gränges Asia to strengthen our competitiveness and future-proof our operations in China and Asia,” says Colin Xu, President Gränges Asia.
Gränges will invest approximately SEK 225 million and control 49 per cent of shares and capital of the joint venture. The new casting operations will serve Gränges Asia and other downstream customers with cast aluminium products. The investment is expected to take around two years to complete and is over time expected to generate a ROCE in line with Gränges’ target level of above 15%. Gränges Asia plans to gradually replace its current in-house casting operations in Shanghai by sourcing corresponding capacity from the joint venture operation. The joint venture will be recognized and consolidated into Gränges Group by the equity method.
The completion of the joint venture is subject to customary regulatory approvals in China.
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