
Photo courtesy of Gränges AB
Gränges AB, which operates recycled-content aluminum production facilities in the United States as well as in other countries, is reporting sales volume growth of 9.2 percent globally in 2024, while its 2024 earnings per share rose a more modest 0.3 percent year on year.
The Swedish company sold more than 505,000 metric tons of product last year, earning more than $91.4 million in profits in 2024.
Gränges operates recycled-content aluminum facilities in its home country of Sweden and in China, Poland and the U.S. In the U.S., it operates a scrap-fed melt shop and casting facility in Huntingdon, Tennessee, which started operating in 2023.
In a summary of its Gränges Americas operations for 2024, the company's sales volume of nearly 230,000 metric tons of aluminum in that market region represented a 4.2 percent increase compared with 2023.
“The negative impact on net sales from a lower average fabrication price was more than offset by higher sales volume, an increased aluminum price and changes in foreign exchange rates,” Gränges says of 2024 market conditions in the Americas.
A Recycling Today feature on Gränges from May 2024 focused in part on the company’s investments to increase its presence in the recycled aluminum market. With last year now complete, the aluminum producer says it exceeded in raising the volume of its scrap consumption.
“For the full year 2024, [our] total recycling volume increased by 19 percent to a new record level of 249,000 metric tons,” Gränges says, comparing it with the 2023 volume of 210,000 metric tons of scrap consumed. The 2024 volume corresponds to 5.3 times the volume consumed in baseline 2017.
The recycling momentum appears to be moving forward, with Gränges' fourth-quarter recycling volume increasing to 63,000 metric tons, up 14.5 percent compared with the 55,000 metric tons of scrap consumed in the fourth quarter of 2023.
In last year’s fourth quarter, Gränges' feedstock consisted of 45 percent recycled aluminum, up 1 percent from a year earlier.
Sponsored Content
Don’t Let Screen Jamming Decrease Material Recovery
General Kinematic’s FINGER-SCREEN™ prevents material bypass with its tapered finger designs, unique cam-out surfaces, and staggered positions. It allows for continuous, dynamic material flow to enhance and optimize separation and classification. If your current setup is prone to process challenges, let GK’s FINGER-SCREEN™ be the solution!
Optimize your process today with GK!Sponsored Content
Don’t Let Screen Jamming Decrease Material Recovery
General Kinematic’s FINGER-SCREEN™ prevents material bypass with its tapered finger designs, unique cam-out surfaces, and staggered positions. It allows for continuous, dynamic material flow to enhance and optimize separation and classification. If your current setup is prone to process challenges, let GK’s FINGER-SCREEN™ be the solution!
Optimize your process today with GK!Sponsored Content
Don’t Let Screen Jamming Decrease Material Recovery
General Kinematic’s FINGER-SCREEN™ prevents material bypass with its tapered finger designs, unique cam-out surfaces, and staggered positions. It allows for continuous, dynamic material flow to enhance and optimize separation and classification. If your current setup is prone to process challenges, let GK’s FINGER-SCREEN™ be the solution!
Optimize your process today with GK!“The strong performance was driven by stable access to scrap, product and operational improvements, and strong recycling partnerships in both business areas,” the firm says.
Get curated news on YOUR industry.
Enter your email to receive our newsletters.
Latest from Recycling Today
- Hood Container joins P+PB program
- Sesotec installation helps create food-contact rPET
- Gerdau Q4 results show drop-off in business
- Commentary: The right deal for America and US aluminum
- Oregon approves EPR Program Plan
- PRCC rebrands to highlight PET recycling in California
- Mazza Recycling adds to transfer station operations
- Century Aluminum sees record production at Sebree, Kentucky, smelter