AMG UPDATES PROGRESS ON AMG ALUMINUM
(Thomson Reuters ONE) -
AMG UPDATES PROGRESS ON AMG ALUMINUM
Amsterdam, 3 April 2012 (Regulated Information) --- AMG Advanced Metallurgical
Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is beginning the next phase in the
coordination of AMG Aluminum's six production sites in Europe, Asia, South
America and North America and the integration of its global customer service
activities. This ongoing coordination is essential to improve operational
efficiencies and to provide seamless customer service to the global aluminum
industry. AMG Aluminum is the world's largest provider of aluminum master
alloys and grain refiners.
AMG has appointed Mr. Julien Crisnaire as President of AMG Aluminum to lead this
initiative. Mr. Crisnaire will succeed Mr. Rick Malliris, who is retiring on
June 30, 2012.
Mr. Crisnaire has a Bachelor of Science degree in Chemical Engineering and a
MBA, both from the University of Delaware and has served in the Corporate
Development department of AMG and as Operations Director of AMG Conversion Ltd.
He was instrumental in the acquisition of KB Alloys, LLC, an integral part of
AMG Aluminum. Mr. Crisnaire will focus initially on improving operational
performance globally and customer service at AMG Aluminum.
Dr. Heinz Schimmelbusch, AMG's Chairman of the Management Board and CEO, said
"We all want to thank Rick Malliris for his contributions to AMG Aluminum and
wish him the best in retirement. Rick and his 47 years of service to the global
aluminum industry were essential in the formation and growth of AMG Aluminum."
About AMG
AMG creates and applies innovative metallurgical solutions to the global trend
of sustainable development of natural resources and CO(2) reduction. AMG
produces highly engineered specialty metal products and advanced vacuum furnace
systems for the Energy, Aerospace, Infrastructure and Specialty Metals and
Chemicals end markets. AMG consists of two operating divisions, Advanced
Materials and Engineering Systems, and owns an interest in publicly-listed
Graphit Kropfmühl AG (Deutsche Börse: GKR.DE).
The Advanced Materials Division develops and produces specialty metals, alloys
and high performance materials. AMG is a significant producer of specialty
metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master alloys
and additives, chromium metal and ferrotitanium, for Energy, Aerospace,
Infrastructure and Specialty Metal and Chemicals applications. Other key
products include specialty alloys for titanium and superalloys, coating
materials, tantalum and niobium oxides, vanadium chemicals and antimony
trioxide.
The Engineering Systems Division designs, engineers and produces advanced vacuum
furnace systems and operates vacuum heat treatment facilities, primarily for the
Aerospace and Energy (including solar and nuclear) industries. Furnace systems
produced by AMG include vacuum remelting, solar silicon melting and
crystallization, vacuum induction melting, vacuum heat treatment and high
pressure gas quenching, turbine blade coating and sintering. AMG also provides
vacuum case-hardening heat treatment services on a tolling basis.
Graphit Kropfmühl AG is a majority controlled, publicly listed subsidiary of
AMG. Based on its secure raw material sources in Africa, Asia and Europe,
Graphit Kropfmühl is a specialist in the production of silicon metal and the
extraction, processing and refining of natural crystalline graphite for a wide
range of energy saving industrial applications.
With over 3,000 employees, AMG operates globally with production facilities in
Germany, the United Kingdom, France, Czech Republic, United States, China,
Mexico, Brazil, Turkey, Poland, India and Sri Lanka and has sales and customer
service offices in Belgium, Russia and Japan (www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 975 4901
Jonathan Costello
Vice President of Corporate Communications
jcostello(at)amg-nv.com
Disclaimer
Certain statements in this press release are not historical facts and are
"forward looking." Forward looking statements include statements concerning
AMG's plans, expectations, projections, objectives, targets, goals, strategies,
future events, future revenues or performance, capital expenditures, financing
needs, plans and intentions relating to acquisitions, AMG's competitive
strengths and weaknesses, plans or goals relating to forecasted production,
reserves, financial position and future operations and development, AMG's
business strategy and the trends AMG anticipates in the industries and the
political and legal environment in which it operates and other information that
is not historical information. When used in this press release, the words
"expects," "believes," "anticipates," "plans," "may," "will," "should," and
similar expressions, and the negatives thereof, are intended to identify forward
looking statements. By their very nature, forward looking statements involve
inherent risks and uncertainties, both general and specific, and risks exist
that the predictions, forecasts, projections and other forward looking
statements will not be achieved. These forward looking statements speak only as
of the date of this press release. AMG expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any forward looking
statement contained herein to reflect any change in AMG's expectations with
regard thereto or any change in events, conditions, or circumstances on which
any forward looking statement is based.
pdf:
http://hugin.info/138060/R/1599938/504927.pdf
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Source: AMG Advanced Metallurgical Group N.V. via Thomson Reuters ONE
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