Foundry Daily News

AMAG terminates short-time working at the end of January 2010

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<font face="Arial,sans-serif" size="2">Austria Metall AG terminated short-term working at its Ranshofen location with effect from January 31, 2010. </font>

<font face="Arial,sans-serif" size="2">With the spread of the economic crisis to industry and the related slump in demand towards the end of 2008, AMAG immediately launched a comprehensive programme aimed at cost cuts and higher productivity.&nbsp; An integral part of these measures was short-term working, which was introduced in March 2009. However, as a result of AMAG’s excellent position as a premium supplier in top quality product markets and its high levels of flexibility, the autumn of 2009 already witnessed a revival in order intake.&nbsp; Moreover, as this improvement in the order situation continued in the initial weeks of 2010, use of production plant capacity has been secured for the first four months of 2010.&nbsp; </font>

<font face="Arial,sans-serif" size="2">Austria Metall AG (AMAG), a CONSTANTIA Packaging AG company, is Austria’s leading manufacturer of high-quality aluminium semis in the form of strip, sheet and plates, as well as cast products such as liquid aluminium, ingots and sows for the processing industry. The main areas of application include transport (aerospace, automotive), sports articles, construction, design, packaging, lighting, decor, decorative elements, radiations and zinc electrolysis.&nbsp; </font>

<font face="Arial,sans-serif" size="2">In 2008, AMAG achieved sales revenues of approximately EUR 782 million with a workforce of around 1,200. Production takes place at the integrated location in Ranshofen, which has a casthouse and a rolling mill, and at Quebec, Canada in the Aluminerie Alouette, in which AMAG has a 20 per cent holding.&nbsp; </font>


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