AMAG Starts Investment Program

Businessn.a. ♦ Published: April 26, 2012; 22:55 ♦ (Vindobona)

The Austrian aluminum company invests € 220m in the enlargement of the main site in Ranshofen, Upper Austria. RLB Upper Austria now holds a 16.5% stake.

AMAG Starts Investment Program / Picture: ©

At the end of February, AMAG´s supervisory board approved the major investment program. Today, AMAG started operations of the enlargement program. Besides a new roller plant and new recycling facilities, AMAG enlarges production capacities. The production should become more specialized and more flexible. The project volume totals € 220m, 200 new jobs will be created. CEO Gerhard…