Gränges to restart production in Newport, Arkansas – investment of USD 26 million
Gränges has decided to restart production at its Newport, Arkansas facility focused on light gauge aluminium foil for various consumer applications. In total, the investment amounts to USD 26 million. "This is a good opportunity for us to upgrade and use the assets we already own, and address an attractive market niche which has been mainly served through imports. We expect the investment to make a positive contribution to earnings in 2019 and beyond, "says Gränges CEO Johan Menckel. The investment relates to upgrading existing rolling mills and equipment. The facility in Newport