AMG Advanced Metallurgical Group N.V. Announces Long-Term Spent Catalyst Recycling Agreement
(Thomson Reuters ONE) -
Amsterdam, 29 June 2016 (Regulated Information) --- AMG Advanced Metallurgical
Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") is pleased to announce that AMG
Vanadium has signed a new long-term, multi-year agreement to process and recycle
spent catalysts from a major oil refinery operator in North America.
"This is an important new business partner for AMG Vanadium and a key element of
our long-term raw material strategic plan", said Mr. Hoy Frakes, President of
AMG Vanadium. "We are pleased to have the opportunity to provide our new partner
with the industry leading environmental solution for their spent catalyst
recycling needs."
Located in Cambridge, Ohio, AMG Vanadium specializes in the environmentally
beneficial conversion of oil refinery and power plant waste products into
specialty metals used by global steel producers in automotive, energy
transmission and infrastructure applications. By using materials that would
otherwise be discarded as waste, AMG Vanadium encourages environmental
stewardship, energy conservation and resource recovery.
AMG Vanadium is the largest domestic producer of ferrovanadium in North America.
About AMG
AMG is a global critical materials company at the forefront of CO(2) reduction
trends. AMG produces highly engineered specialty metals and mineral products and
provides related vacuum furnace systems and services to the transportation,
infrastructure, energy, and specialty metals & chemicals end markets.
AMG produces aluminum master alloys and powders, titanium alloys and coatings,
ferrovanadium, natural graphite, chromium metal, antimony, tantalum, niobium and
silicon metal. AMG Engineering designs and produces vacuum furnace equipment
and systems used to produce and upgrade specialty metals and alloys for the
transportation, automotive, infrastructure, and energy markets.
With approximately 3,000 employees, AMG operates globally with production
facilities in Germany, the United Kingdom, France, Czech Republic, United
States, China, Mexico, Brazil and Sri Lanka, and has sales and customer service
offices in Russia and Japan (www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 293 5804
Steve Daniels
Senior Vice President
sdaniels(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.
July 29 2016:
http://hugin.info/138060/R/2024090/752127.pdf
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Source: AMG Advanced Metallurgical Group N.V. via GlobeNewswire
[HUG#2024090]
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Datum: 29.06.2016 - 18:56 Uhr
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News-ID 480775
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