09.07.2019,
3972 Zeichen
Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
Joint Ventures/Cooperation/Collaboration
Ranshofen -
* Target: Enlarge the marketing of AMAG rolled products in the global automotive
industry
* Preliminary focus on the Japanese market, expansion on other regions intended
At July 8, 2019 an agreement for the cooperation in commercialisation of AMAG
rolled products in the global automotive industry was signed in Tokyo. The
contract partners AMAG, Marubeni-Itochu Steel Inc. and Marubeni Corporation have
agreed to bundle up the common strengths for the time being in the Japanese
market. The quality of the AMAG flat rolled products combined with the market
presence and local distribution and service centre structure of the Japanese
contracting partner Marubeni brings numerous advantages for the customers in the
Japanese automobile industry concerning quality and delivery performance. The
arrangement also intends an expansion of the cooperation on the important
markets USA, China, Mexico, India, Thailand, South Korea und Europe.
"The Japanese automobile industry stands for innovation, quality and the highest
reliability, all of which values also AMAG characterises. In this sense, we are
especially pleased to continue developing our business in Asia together with our
partners. As a part owner of the Canadian smelter Alouette, we already have a
long-term partnership with Marubeni", according to
Gerald Mayer, CEO of AMAG
Austria Metall AG.
Statement of Marubeni: "By utilizing its global processing and logistic
functions among its related group companies, Marubeni will contribute to the
reduction of vehicle weight and promote sustainable aluminium by enlarging the
marketing of AMAG products in the automotive industry."
About the aluminium industry
With a forecast medium-term growth of about 10 percent per year the automotive
industry is an important growth factor for aluminium flat rolled products. With
the new plants in Ranshofen, the technological competence and distinctive
strength in recycling AMAG is perfectly positioned for this development.
About the Japanese motor vehicle industry
With a fleet of around 62 million cars and an annual output of around 9.2
million cars, Japan is a very attractive market. The country ranks third
globally in carmakers behind China with 26.7 million vehicles and the US with 11
million vehicles. Around 4.2 million of the cars produced in Japan are exported
mainly to North America and Europe.
About Marubeni-Itochu Steel Inc.
Marubeni-Itochu Steel Inc. has the supply chain network for processing and JIT
service of steel and aluminium coil with service centers for Automotive.
About Marubeni Corporation
The Marubeni Corporation has been active in the aluminium business as a trader
and investor in aluminium smelters for many years, including the co-ownership
with AMAG in the Canadian smelter Alouette.
About AMAG Group
AMAG is a leading Austrian premium supplier of high-quality aluminium cast and
flat rolled products for highly varied 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.
end of announcement euro adhoc
Attachments with Announcement:
----------------------------------------------
http://resources.euroadhoc.com/documents/3278/5/10328417/1/20190709_PM_AMAG_Marubeni_en.pdf
issuer: AMAG Austria Metall AG
Lamprechtshausenerstraße 61
A-5282 Ranshofen
phone: +43 7722 801 0
FAX: +43 7722 809 498
mail: investorrelations@amag.at
WWW: www.amag.at
ISIN: AT00000AMAG3
indexes: WBI, VÖNIX, ATX BI, ATX GP
stockmarkets: Wien
language: English
Digital press kit: http://www.ots.at/pressemappe/12432/aom
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1.
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