Goals and Strategy
Gränges aims to grow sales volume at least in line with the company’s end markets over time.
Gränges aims to generate a return on capital employed of 15–20% over time.
Gränges’ net debt should normally be between 1–2 times EBITDA over a 12-month period.
Gränges aims to pay a dividend on its shares over time of 30–50% of net profit for the period. Decisions on dividends will take into account the company’s financial position, cash flow and outlook.
Granges’ strategy is to be a global niche player in the market for rolled products for brazed aluminium heat exchangers. By focusing on this niche and a global offering of customized products with a high technical content, Gränges aims to strengthen its leading position and continue to grow with good profitability. This strategy is based on a strong customer focus, leading edge technology, a high level of production expertise, continuous improvements and on being a sustainable long-term link in the value chain.
Gränges collaborates closely with its customers in order to help improve their profitability. The company’s focus enables it to build up advanced knowledge about global customers and tailor customer service to their needs, irrespective of whether it relates to product development, delivery terms, service levels or administrative routines.
Leading edge technology
Gränges aims to be a technology development partner in collaboration with its customers. The company’s centre for research, development and applied engineering – Gränges Technology – uses its advanced knowledge to develop the right products for the needs of every individual customer. Product developers and engineers work closely with the customer to optimise the interaction between the materials and the customer’s machinery and processes.
Gränges’ customers are dependent on high quality, highly reliable and consistent products. Gränges’ number one priority is, and will remain, to deliver products and services that meet customer quality requirements. Although the company is working with advanced production technology and highly complex processes, consistency in quality mainly comes from employees who have a large skillset, vast experience and dedication to what they do. Gränges calls this industrial craftsmanship, which is the company’s contribution to more efficient production and higher competence in brazed heat exchangers. Gränges’ focus on this niche means that all resources can be used for continual improvements in this field.
Gränges focuses on operational improvements and cost reductions to improve its own efficiency. The Gränges Production System is Gränges’ concept for lean manufacturing. This shall contribute to simple production flows, direct connection between production steps, and well-defined and waste-free processes. Improvements in internal efficiency made an important contribution to the increase in profits during 2014.
A sustainable link in the value chain
Aluminium is often called the green metal, due to properties that enable effective recycling and re-melting. By utilizing aluminium’s unique properties and helping its customers in the climate shift, Gränges will be a sustainable link in the value chain. An efficient use of resources, continual environmental improvements and a focused safety work are important factors in Gränges own sustainability work.