04 JUNE 2014www.amg-nv.com
AMG Advanced Metallurgical Group N.V. to curtail global aluminum alloy capacity
Edited by : AL CIRCLE
1 min read
AMG Advanced Metallurgical Group N.V. announces that it is curtailing its aluminum alloy capacity by 5,000 metric tons, or approximately 10% of global demand, to address current market conditions.
As the largest global supplier of aluminum master alloys and grain refiners, AMG's decision to reduce output was driven by systemic overcapacity and low market prices. This is part of AMG Aluminum's continuing efforts to lower its cost structure, improve operations, increase return on capital employed (ROCE) and create long-term shareholder value.
The restructuring charges associated with this capacity reduction are not expected to be material.
AMG Aluminum is the world-leading provider of aluminum master alloys and grain refiners for the aluminum industry. With over 300 employees and five ISO 9001 manufacturing plants in Brazil, China, the United Kingdom, and the United States, AMG Aluminum offers a comprehensive range of products including grain refiners, hardeners, tablets/compacts, strontium modifiers, specialty alloys, mechanical alloys, and chemicals and fluxes for the global aluminum industry.
As the largest global supplier of aluminum master alloys and grain refiners, AMG's decision to reduce output was driven by systemic overcapacity and low market prices. This is part of AMG Aluminum's continuing efforts to lower its cost structure, improve operations, increase return on capital employed (ROCE) and create long-term shareholder value.
The restructuring charges associated with this capacity reduction are not expected to be material.
AMG Aluminum is the world-leading provider of aluminum master alloys and grain refiners for the aluminum industry. With over 300 employees and five ISO 9001 manufacturing plants in Brazil, China, the United Kingdom, and the United States, AMG Aluminum offers a comprehensive range of products including grain refiners, hardeners, tablets/compacts, strontium modifiers, specialty alloys, mechanical alloys, and chemicals and fluxes for the global aluminum industry.
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