Do you have any questions about Gränges? Start with checking in our list among common questions.
When was Gränges started?
The foundations of today’s Gränges were laid in 1896 in Grängesberg. Various industrial companies were subsequently added to the Group. In 1969 the Group acquired Svenska Metallverken, which included an aluminium products business, an operation that would later evolve into Gränges and Sapa. Development and production of aluminium heat exchanger strips started in Finspång in 1972.
How big is Gränges?
In 2015 Gränges’ revenue exceeded SEK 5,494 million. Adjusted operating profit was SEK 541 million. The group employs around 950 people.
What is Gränges’ main business?
Gränges develops and manufactures rolled products for brazed aluminium heat exchangers. Around 90% of the company’s sales are to subcontractors in the automotive industry, the remainder going to manufacturers of stationary heat exchangers and to industrial applications.
Where does production take place?
Gränges has two production sites: Finspång in Sweden and Shanghai in China.
How are the products priced?
Gränges sells rolled aluminium for brazed heat exchangers. The products are priced in tonnes.
How does the aluminium price affect Gränges?
Under Gränges’ business model, the costs of the raw material (aluminium) are passed on to the customer. Gränges therefore does not make money on the metal itself. The Group’s earnings come from the value added in the manufacturing process in the form of material properties and product complexity.
Where are the customers?
In 2015 customers in Asia accounted for 46% of the Group’s sales, while Europe accounted for 38% and North and South America for 16%.
Gränges’ end customers are found in the automotive industry and in the stationary heat exchanger industry. The customer base is concentrated. Gränges’ seven largest customers accounted for 59% of the Group’s sales volume in 2015.
What determines demand for Gränges’ products?
Gränges’ sales more or less track developments in global automotive production. In recent years the number of heat exchangers per vehicle has increased, in line with increases in environmental requirements and levels of cabin comfort. Gränges’ vision is to contribute to smaller, lighter, more designable heat exchangers to increase economic efficiency and reduce environmental impact.
How does Gränges work on sustainability?
Gränges has focused sustainability work. Through continual streamlining of production processes, focused safety work and environmentally-adapted product development, Gränges is strengthening the position of aluminium in a sustainable society.