Gränges will invest $33 million to expand its aluminum casting operations in Huntingdon to meet the growing demand from North American customers, according to an announcement on the company’s Website. This investment follows the previous and successful investments in new rolling capacity at the sites in Huntingdon and Newport, Arkansas.
“This investment is the third major US investment we have made 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”, said Patrick Lawlor, President Gränges Americas.
Carroll County Mayor Dale Kelley was very pleased with the news of the expansion.
“Gränges has been very important to Huntingdon and Carroll County for a number of years,” said Kelley. “They have just completed an expansion, and for the company to commit to another expansion speaks well for our community and workforce. We are grateful for their presence here.”
The expansion includes investment in buildings and a new casting line. When completed, the casting capacity in Huntingdon will enable higher capacity utilization in the downstream rolling and slitting operations.
The project is estimated 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.
County Mayor Joseph Butler says he is grateful to Gränges for their continued investment in their people, facilities, and ultimately, our community.
“As we’ve watched this great company invest and expand locally over the last several years to meet growing demand, we see their standing as a global leader in the market, but also their commitment to our community,” said Butler.
He added that Granges and its employees are such an asset to Carroll County.
“We are thankful for this company and this significant investment, and equally thankful for Granges’ local leadership and employees that make it so successful.”
Gränges is a leading global supplier of rolled aluminum products for heat exchanger applications, speciality packaging and niche markets. In materials for brazed heat exchangers Gränges is the global leader with a market share of approximately 20 per cent. The company develops, produces and markets advanced materials that enhance efficiency in the customers’ manufacturing process and the performance of the final products. The company’s geographical markets are Europe, Asia and the Americas with production facilities in all three regions. Gränges has 2,400 employees in all with approximately 500 at the Huntingdon plant.