AMAG Expands With New EADS Contract
On January 1 Austria Metall (Hall 4 A38) concluded a multi-year contract with EADS to supply aluminum plate and sheet for the manufacture of structural components and skin for Airbus aircraft. Worth up to €100 million, the multiyear contract highlights Austria Metall’s continued growth, which is being underpinned by a €220 million investment in the Ranshofen, Austria factory that is turning it into one of the most technologically advanced facilities in Europe. New capabilities being added to the company’s portfolio include the ability to produce thicker and larger high-strength products. According to market researchers CRU, consumption of flat-rolled aluminum products by the aviation industry in Europe and the U.S. will rise from 390,000 to 536,000 tons by 2017. Austria Metall’s investment is aimed at positioning the company to take advantage of that increased demand.