Gränges Boosts Aluminum Sales in 2024 with Strong Eurasia Growth and Recycling Gains

Gränges

Shandong Facility Acquisition and Increased Recycling Drive Volume and Profit Gains

Gränges, the Swedish aluminum rolling and recycling company, increased its aluminum sales by 9% in 2024 compared to 2023. The company delivered 505,800 metric tonnes (t) of aluminum products in 2024, up from 463,200t the previous year, driven mainly by performance in its Eurasia sector.

Gränges raised sales in the Eurasia region by 30,500t, reaching 294,800t in 2024. This growth followed its October acquisition and rapid ramp-up of an aluminum rolling facility in Shandong, China. The plant has an annual capacity of 160,000t for aluminum coil and plate, and contributed 14,400t to Gränges' fourth-quarter volumes in Eurasia, reaching 79,800t for the period.

Americas See Modest Gains, But Automotive Lags

In the Americas, sales volumes also increased, rising by 9,600t to 229,800t. Growth was supported by stronger consumer demand, though the automotive sector remained a weak point. Gränges expects mid-single-digit sales growth in the first quarter of 2025, despite anticipating flat demand overall.

Recycled Aluminum Share Rises with Higher Profitability

Gränges continues to increase its use of recycled aluminum, aligning with global sustainability goals. In the fourth quarter, the company lifted its recycled content to 45.4%, up from 43.6% a year earlier. For the full year, it reached 46.2%, compared to 41.6% in 2023.

Financially, the company posted a strong finish to 2024. Fourth-quarter revenue climbed 24.5% year over year to SEK 6.2 billion ($557 million), while profit surged by 63% to SEK 165 million. These figures reflect both operational efficiency and the success of its strategic investments.