Successful Commissioning of AMAG's Hot Rolling Mill
Ranshofen (pts033/09.09.2014/18:00) * Most significant milestone achieved in 200-million-euro expansion program
* Additional market potential opened up by new production dimensions
* Creation of 200 new jobs
Today AMAG successfully commissioned its new hot rolling mill in Ranshofen, thus achieving the most significant milestone in the large-scale EUR 220 million investment project on schedule. Through this expansion, the company can increase its capacity for the production of aluminium plates and hot-rolled sheets by 50%. At the same time, the range of products will be extended to include larger dimensions, and greater emphasis will be placed on high-strength special products. For example, AMAG is going to offer rolled products with a maximum width of 2,300 mm and plate with a maximum thickness of 150 mm. The new products can be applied in the aerospace industry, in transportation and mechanical engineering, especially in wind power plants, which are AMAG's key growth sectors.
"Today we successfully put into operation the hot rolling mill and produced the first aluminium plate, thus achieving the most important goal of our project. AMAG is developing into a prime location of the European aluminium industry that can tap additional market potential with its new products," said Helmut Wieser, Chairman of the Management Board of AMAG Austria Metall AG.
The remaining subprojects of the large-scale investment project being implemented at the Ranshofen location are also right on schedule. The plate production center has already been started up. The expansion of the rolling slab casthouse and the related expansion of the recycling center will be completed on schedule in the first quarter of 2015. This will allow AMAG to continue its growth path with an average recycling rate of 75-80%, a high ecological standard that AMAG intends to maintain.
These measures will provide important impetus to the economy and labor market in the environment of the company and especially in the Innviertel region. The new plant will create 200 new jobs in the medium term. Moreover, a number of companies in the environment of AMAG will benefit from the extensive investments made.
About AMAG Group
AMAG is a leading Austrian premium supplier of high-quality aluminium cast and flat rolled products for various different industries such as the aircraft, automotive, sports equipment, lighting, mechanical engineering, construction and packaging industries. The Canadian smelter Alouette, in which AMAG holds a 20% interest, produces high-quality primary aluminium while safeguarding an exemplary eco-balance. With 1,564 employees, the company achieved sales of EUR 786 million and EBITDA of EUR 123 million in the 2013 fiscal year.
Media contact
Leopold Pöcksteiner
Head of Strategy, Communication, Marketing
AMAG Austria Metall AG
Lamprechtshausenerstraße 61
5282 Ranshofen, Austria
Phone: +43 (0) 7722-801-2205
E-mail: publicrelations@amag.at
Website: http://www.amag.at
Cautionary statements
The forecasts, plans and forward-looking assessments and statements contained in this publication are based on the information currently available to us. Should the assumptions on which the forecasts have been based fail to occur, the targets not be met or risks materialize, then the actual results may deviate from the results currently anticipated. We undertake no obligation to update publicly any such forecasts in light of new information or future events. We have exercised the utmost diligence in preparing this publication and have checked the data contained therein. However, rounding, transmission and printing errors cannot be ruled out. This publication is also available in German. In case of doubt, the German version prevails.
| Aussender: | AMAG Austria Metall AG |
| Ansprechpartner: | Leopold Pöcksteiner |
| Tel.: | +43 (0)7722-801-2205 |
| E-Mail: | publicrelations@amag.at |
| Website: | www.amag.at |
