Granges to invest SEK 400 million to improve efficiency and expand capacity at Finspång facility

Gränges,a global supplier of rolled aluminium products for heat exchanger applications and other niche markets, announced it will invest SEK 400 million to improve efficiency and expand the production facility in Finspång.

Finspång facility, which produces advanced aluminium materials for heat exchangers to the automotive industry, will increase capacity by 20 thousand tonnes to 120 thousand tonnes per annum. The project is expected to be completed in the second half of 2021.

Gränges CEO Johan Menckel said: “By streamlining and expanding the facility in Finspång, we create opportunities for a clear improvement of operating results in our European operations. We also take important steps forward in our sustainability efforts by reducing transports and converting from diesel to electric forklifts.”

The project includes acquisition of land and buildings, upgrading of rolling mills and relocation of existing machinery, which together significantly improves logistics on site and contributes to an improved environmental footprint.

“We see very good growth for advanced materials for heat exchangers in Europe in the coming years as more consumers are demanding electric and hybrid cars. The fact that we will have a more efficient facility, with better logistics flows, improves our competitiveness while providing opportunity for growth.”

The European market in 2017 accounted for approximately 18 percent of Gränges sales volume.