
Gränges will infuse $33 million to expand its aluminium casting operations in Huntingdon, Tennessee, to encounter the rise in demand from North American customers. This investment follows the previous and successful investments in new rolling capacity at the sites in Huntingdon and Newport, Arkansas.
_0_0.jpg)
Patrick Lawlor, President Gränges Americas, said: “This investment is the third major US investment we make since 2017. It underscores our commitment to growing our business with our customers and the markets we serve and strengthens our platform for continued profitable growth. It also supports our high sustainability ambitions by improving both energy and carbon intensity. We take pride in being a trusted partner to our customers for continued growth and innovation.”
The expansion includes investment in buildings and a new casting line. When completed, the casting capacity in Huntingdon will increase by about 25 kilo-tonnes per year and will enable higher capacity utilization in the downstream rolling and slitting operations.
The project is evaluated to take less than two years to complete and is expected to contribute positively to Gränges’ operating profit in 2023. Gränges will finance the expansion investment in Huntingdon with existing cash and internally generated cash flows.
Responses







