AMG Advanced Metallurgical Group N.V. Completes Multi-Year Agreement for 100% Renewable Energy Contract for UK Operations
September 21 2018 - 1:00AM
Amsterdam, 21 September 2018 --- AMG Advanced Metallurgical Group N.V. ("AMG",
EURONEXT AMSTERDAM: "AMG") is pleased to announce that AMG
Superalloys has entered into a multi-year agreement with Ørsted to
purchase 100% of its power requirements from renewable sources,
starting in October 2018. The contracts cover the full power
requirements of AMG Superalloys' production sites across England
and Wales.
Based in Rotherham, UK, AMG
Superalloys is a leading provider of specialty metals, alloys, and
materials. AMG Superalloys is a highly specialized manufacturer of
specialty products to the aluminum, steel, superalloy, hard-facing,
welding, and glass industries. The company manufactures, among
other products, chromium metal, ferrotitanium, ferroniobium,
nickel, niobium, aluminum powders, and cerium oxide-based glass
polishing powders.
About AMG
AMG is a global critical materials
company at the forefront of CO2 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 Critical Materials produces
aluminum master alloys and powders, titanium alloys and coatings,
ferrovanadium, natural graphite, chromium metal, antimony, lithium,
tantalum, niobium and silicon metal. AMG Engineering designs,
engineers, and produces advanced vacuum furnace systems and
operates vacuum heat treatment facilities, primarily for the
transportation and energy industries.
With approximately 3,300
employees, AMG operates globally with production facilities in
Germany, the United Kingdom, France, the Czech Republic, the United
States, China, Mexico, Brazil, India, Sri Lanka and Mozambique, and
has sales and customer service offices in Russia and Japan
(www.amg-nv.com).
About
Ørsted
Ørsted develops, constructs and
operates offshore wind farms, bioenergy plants and innovative
waste-to-energy solutions and provides smart energy products to its
customers. Headquartered in Denmark, Ørsted employs 5,600 people,
including over 900 in the UK. For more information on Ørsted,
visit orsted.com or follow us on Facebook, LinkedIn, Instagram and
Twitter.
For further
information, please contact:
AMG Advanced Metallurgical Group
N.V. +1 610 293
5804
Steve Daniels
Senior Vice President
sdaniels@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.
Sept 21 2018
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: AMG Advanced Metallurgical Group N.V. via
Globenewswire
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