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
Today, Gränges has completed the acquisition in China agreed on May 31, 2024, between Gränges and Shandong Innovation Group (SIG).
Gränges experiences strong demand for its high-quality, sustainable electrification solutions, including battery casings, battery foil, and battery cooling plates, driving significant volume growth and high capacity utilization locally.
As of today, October 25, 2024, Gränges has completed the acquisition of a cost-efficient casting and hot-rolling facility in the Shandong province according to the agreement made on May 31, 2024. By this agreement, Gränges also gains access to scalable downstream capabilities and supply of low-carbon aluminum. In return, SIG obtains 20 percent of the outstanding shares in Gränges’ subsidiary in China. The acquisition and expanded partnership enable further expansion in the Asian market.
The transaction will lead to non-recurring costs of approximately SEK 30 million in the fourth quarter 2024. The new production facility is expected to contribute positively to the sales volume already in the fourth quarter 2024 at an approximately breakeven adjusted operating profit. In 2025, the transaction is expected to contribute marginally to Gränges’ earnings per share after minority interests.
Read more:Gränges extends strategic partnership to support continued electrification growth in Asia
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