EANS-News: AMAG signed multiyear contract with Airbus
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Contracts
- Multiyear supply contract signed on July 15, 2016 in Toulouse
- Significant increase of business volume and extension of product range
- Delivery of aluminium plate, sheet and coil for all Airbus aircraft programs
The contract includes a significant increase of business volume commencing
January 2017. The contract is the largest ever signed between AMAG and Airbus.
"AMAG and Airbus have maintained a successful partnership since the year 2005.
This contract will significantly expand our business with Airbus and strengthen
our position as a valued supplier to the aircraft industry. We are proud to
serve Airbus with high quality rolled products for some of the most advanced
aircraft", said Helmut Wieser, CEO of AMAG Austria Metall AG.
AMAG will supply aerospace certified aluminium flat rolled products to Airbus
mainly for the use in the aircraft structure and skin of all aircraft families.
Another focus is on fostering AMAG?s involvement within Airbus? supply chain
through common recycling projects and initiatives to increase material
efficiency.
With the new hot rolling mill complex in Ranshofen AMAG has increased the
production capacity and extended the portfolio of hot rolled products to larger
dimensions. Moreover AMAG recently started the construction activities for the
new cold rolling mill and additional heat treatment and upgrading capacity.
"The new cold rolling mill, scheduled for start in 2017, will close the gap in
the portfolio of wide cold rolled strip and sheet and will make AMAG a full
range supplier. With our strategic growth program we have created the base for
the expansion of the business with Airbus and for future growth with our
customers", said AMAG CEO Helmut Wieser.
Further inquiry note:
Investors contact:
Dipl.Kfm. Felix Demmelhuber
Head of Investor Relations
AMAG Austria Metall AG
Lamprechtshausenerstrasse 61
5282 Ranshofen, Austria
Tel.: +43 (0) 7722-801-2203
Email: investorrelations@amag.at
Press contact:
Dipl.Ing. Leopold Pöcksteiner
Head of Strategy, Communication, Marketing
AMAG Austria Metall AG
Lamprechtshausenerstrasse 61
5282 Ranshofen, Austria
Tel.: +43 (0) 7722-801-2205
Email: publicrelations@amag.at
end of announcement euro adhoc
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company: AMAG Austria Metall AG
Lamprechtshausenerstraße 61
A-5282 Ranshofen
phone: +43 7722 801 0
FAX: +43 7722 809 498
mail: investorrelations@amag.at
WWW: www.amag.at
sector: Metal Goods & Engineering
ISIN: AT00000AMAG3
indexes: WBI, ATX Prime, VÖNIX, ATX BI, ATX GP
stockmarkets: official market: Wien
language: English