FAQs and press contact

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The foundation for today’s Gränges was laid in 1896 in Grängesberg. Thereafter, several industrial enterprises became part of the Group. In 1969, the Group acquired Svenska Metallverken, which included an aluminium products business, an operation that would later evolve into Gränges.

Development and production of aluminium heat exchanger strips started in Finspång in 1972.

Gränges has about 1,800 employees and net sales of SEK 13 billion.

Gränges is a leading global supplier of rolled aluminium products for heat exchanger applications and other niche markets.

Gränges' customers are in the automotive industry, the HVAC industry and in niche markets such as transformers and food packaging. In the industry for rolled products for brazed heat exchangers, Gränges is the global leader with a market share of approximately 20 per cent.

Gränges has a total production capacity of about 420 ktonnes, split across five production sites on three continents.

The production site in Finspång, Sweden, has a capacity of 100 ktonnes. It was established in 1913 and has produced aluminium products for brazed heat exchangers since 1972.

The production site in Shanghai, China, was established in 1996, and since then Gränges has focused on expanding capacity to keep pace with market growth. The capacity has increased from 12 ktonnes to 120 ktonnes.

In the US, Gränges has three production sites, in Huntingdon (Tennessee), Salisbury (North Carolina), and Newport (Arkansas), with a combined capacity of 200 ktonnes. This will reach 260 ktonnes by the end of 2019 when ongoing expansion investments have been completed.

In addition, Gränges holds 51 per cent of the shares in the production company Getek GmbH, which has two production facilities –  one in Saint-Avold in France and one in Velbert in Germany –  producing aluminium billets using advanced spray-forming technology.

Gränges sells rolled aluminium. The products are priced in tonnes.

Gränges' revenue model means that the cost of the raw material (aluminium) is passed on to the customers. Gränges therefore does not make money on the metal itself.

Gränges generates its revenue by selling advanced materials manufactured for specific customers and applications in long-term contracts. Pricing is based on the added value that Gränges provides in terms of material properties and product complexity.

Gränges’ end customers are in the automotive industry, the HVAC industry, and in niche markets such as transformers and food packaging. The automotive industry accounts for about half of Gränges’ sales, the HVAC industry for around 24 per cent, and other end-customer markets (transformers and food packaging) for the remaining 26 per cent. Gränges’ position is strong in all the regions in which it operates.

In 2018, Asia accounted for 23 per cent of group sales in terms of volume, with China as its main market. Other key markets include India, Thailand and South Korea. The automotive industry accounts for over 90 per cent of Gränges’ sales in Asia. Global customers accounted for 47 per cent of total sales volume in Asia in 2018.

The European market represented around 17 per cent of group sales volume in 2018, with the UK, Italy, the Czech Republic and Poland as the largest markets. The automotive industry accounts for over 90 per cent of Gränges’ sales in Europe. Global customers accounted for around 80 per cent of total sales volume in Europe in 2018.

Americas accounted for around 60 per cent of the group sales volume in 2018, of which 22 per cent were sales to the automotive business and 78 per cent sales to the HVAC industry and other end-customer markets. Gränges’ main markets in the Americas are the US, Mexico and Brazil. Gränges’ global customers accounted for around 15 per cent of total sales volume in the Americas in 2018.

There is a constant need to reduce energy consumption and costs, and improve reliability for manufacturers and users of, for example, vehicles, air conditioning and heating systems. Demand is growing for more energy efficient engines and heat exchangers.

The driving force to reduce environmental impact and emissions of damaging greenhouse gases affects the automotive and HVAC industries through demand for lighter weight products and increased efficiency, among other things.


The automotive industry

Demand for heat exchanger material is strongly linked to global vehicle production and the number of heat exchangers per vehicle, which tends to increase in line with requirements for improved performance and enhanced functionality. A higher share of hybrid vehicles, electric vehicles and vehicles with different types of advanced features, is also positive for the demand of heat exchanger materials. 

Brazed aluminium heat exchangers represent nearly 100 per cent of the market today.


The HVAC industry

HVAC includes systems for heating, ventilation and air-conditioning, for instance in private homes, and commercial and industrial buildings. Underlying market drivers for heat exchangers in HVAC, regardless of type, are housing starts, consumer confidence, and environmental legislation. Brazed aluminium heat exchangers account for only a small share of the total market. Gränges is a supplier of material to both brazed and mechanically-assembled aluminium heat exchangers, with the strongest position in the Americas.


Other markets

In North America, Gränges is one of the major suppliers of aluminium foil for food containers and winding material for transformers. Aluminium foil provides a complete barrier to light, oxygen, moisture, and bacteria. These properties make it ideal for food cartons and pouches. Semi-rigid containers are among the most versatile of all types of packaging and are widely used for pre-packaged foods, easily withstanding great differences in temperature from freezing to heating.

Another end-market in North America is materials for transformers. A transformer is an electrical device used to increase or decrease the alternating voltages in electric power applications. It consists of two or more coils called windings, which are wrapped around a core. In North America, aluminium plays an important role in the design of electrical distribution and large power transformers thanks to its significant cost and weight advantages versus copper. The markets for semi-rigid containers and transformer windings made in aluminium are expected to show stable annual growth.

Gränges’ sustainability efforts are led by Group Management and the VP Sustainability, who coordinates, facilitates and drives the global sustainability strategy, long-term targets and sustainability related policies. The Board of Directors reviews and approves the company’s global sustainability strategy, long-term targets and policies, and adopts the annual sustainability report. Group Management ensures that Gränges’ global sustainability strategy and long-term targets are aligned with the company’s vision and strategy. The team also reviews and monitors sustainability performance against sustainability targets, as well as makes decisions related to global sustainability priorities. The five sustainability pillars are each governed by a representative from Group Management, who proposes global sustainability priorities and coordinates with Gränges’ regional teams to implement local sustainability activities within a specific sustainability pillar. The regions in turn ensure that local sustainability strategies and targets are in place.

Sustainability is a natural part of Gränges’ core business and strategy. It helps to increase the company’s long-term competitiveness and aims to create lasting value for Gränges as well as for its customers, employees, investors and other stakeholders. By managing its business in a sustainable and responsible way, Gränges will enhance its possibilities to deliver strong financial and operational results. Gränges is committed to improving conditions and the overall footprint of the aluminium value chain. To ensure that aluminium is mined, produced and used sustainably, Gränges participates in various industry initiatives.

Sustainability is an integrated part of Gränges’ business strategy and is included as one of four pillars in the company’s 2020 strategy. In 2018, Gränges implemented a new group-wide sustainability framework with twelve material topics grouped into five sustainability pillars. For each pillar, Gränges articulated a clear long-term commitment and accompanying targets for 2025. Each sustainability pillar is governed by one member of Group Management. This individual proposes global sustainability priorities and coordinates with Gränges’ regional teams to implement local sustainability activities within a specific sustainability pillar.

Press contact

Communications Manager

Magnus Lindahl

+46 701 438 671

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