AMAG Austria Metall AG

AMAG Austria Metall AG, commonly known as AMAG, is one of Austria’s principal aluminum companies and is headquartered at the Ranshofen industrial site near Braunau am Inn in Upper Austria. Its activities span aluminum rolling, casting, metal trading and primary aluminum interests. The company supplies semi-finished aluminum products to customers in packaging, automotive, aerospace, transportation, mechanical engineering, electrical equipment, construction and sporting goods. The industrial story behind AMAG began during the late 1930s, when an aluminum smelter called Mattigwerk was constructed at Ranshofen by Vereinigte Aluminiumwerke AG of Berlin. After the Second World War, the plant and related assets were taken into public ownership by the re-established Republic of Austria. The state subsequently established Aluminiumwerke Ranshofen GmbH in 1946 and Österreichische Metallwerke Aktiengesellschaft in 1948. The latter developed pressing and rolling facilities for semi-finished aluminum products, giving Ranshofen a manufacturing role beyond primary metal production. In 1957, the Ranshofen aluminum operations were combined with Berndorfer Metallwarenfabrik Arthur Krupp AG. The resulting enterprise, Vereinigte Metallwerke Ranshofen-Berndorf AG, became a broad state-industrial group with activities in aluminum, non-ferrous metals, metal goods, machinery-related products and other manufactured items. Further mergers during the 1950s and 1970s expanded its geographic and industrial scope. The group later underwent a major decentralization and restructuring under Österreichische Industrieholding AG, the Austrian state holding structure. The company adopted the name Austria Metall Aktiengesellschaft in the mid-1980s. From 1987, operating activities were separated into specialized companies, including primary aluminum and processing, secondary aluminum, copper and semi-finished products. During the early 1990s, the business was organized into several divisions covering metal, rolled products, extrusion, formed products, packaging and systems. This structure reflected a broader strategy of separating businesses by technology and market. AMAG was privatized in 1996 through a management buyout involving Klaus Hammerer, Constantia and an employee foundation. Later ownership changes consolidated the shareholding position of Constantia-related interests before B&C Industrieholding became the voting majority shareholder in 2014. AMAG’s shares have traded on the Vienna Stock Exchange’s Prime Market since April 8, 2011, under the symbol AMAG. The company was also included in the ATX for a one-year period from September 2012 to September 2013. A defining modern investment phase was the expansion of the Ranshofen site. A new hot rolling mill, plate-production facilities and an expanded foundry were opened in 2014. A new cold rolling mill and associated finishing facilities followed in 2017, alongside additional foundry and recycling capacity. The expansion was reported as a EUR 535 million program and positioned Ranshofen as one of Europe’s most advanced integrated aluminum production locations. In 2017, AMAG reported record sales volume and record use of aluminum scrap, while rolled-products capacity was targeted above 300,000 tonnes. The company’s product portfolio includes bright and specialty sheet, tread plate, aluminum sheets and strips, cathode sheets, brazing-clad materials, high-strength alloys and sports-oriented materials such as Titanal. Its casting business produces ingots, sows, two-part ingots and liquid aluminum. Through AMAG metal GmbH, the group manages metal flows and interfaces with raw-material markets. AMAG also holds a 20% interest in Aluminerie Alouette in Canada, a large primary aluminum and foundry operation. Sustainability has become a significant part of the company’s market positioning: in 2018, AMAG became the first integrated company combining rolling, casting and recycling to receive certification under th…

AMAG’s origins are connected with the construction of the Mattigwerk aluminum smelter at Ranshofen in 1939. The facility was built by Vereinigte Aluminiumwerke AG of Berlin. Following the Second World War, American occupation authorities transferred the plant to the re-established Republic of Austria, which nationalized the Ranshofen aluminum works and a bauxite-mining operation in 1946. The Austrian state created Aluminiumwerke Ranshofen GmbH in 1946 and Österreichische Metallwerke Aktiengesellschaft in 1948. The latter established pressing and rolling operations, enabling the site to manufacture semi-finished aluminum products rather than focusing solely on primary production. In 1957, Aluminiumwerke Ranshofen and Österreichische Metallwerke were merged with the nationalized Berndorfer Metallwarenfabrik Arthur Krupp AG. The enlarged company was renamed Vereinigte Metallwerke Ranshofen-Berndorf AG, with its registered office moved to Braunau in 1958. During the following decades, the group combined aluminum, copper, metalworking and consumer-metal businesses. It operated sites in Ranshofen, Berndorf, Amstetten, Unterlaussa and Esslingen and participated in a variety of subsidiaries and industrial activities. Further nationalized-metal mergers took place in 1974, while a can-making facility at Enzesfeld was planned in 1981 and entered operation in 1983. Restructuring under Österreichische Industrieholding AG led to the separation of businesses by sector. In 1984, the final Berndorf and Vienna operations became independent, and in early 1985 the principal company adopted the name Austria Metall Aktiengesellschaft. With effect from 1987, the holding company transferred operating functions into separate entities, including AMAG Metall for primary aluminum and processing, Austria Sekundär-Aluminium for secondary aluminum, Montanwerke Brixlegg for copper smelting and Buntmetall Amstetten for semi-finished copper products. A further reorganization in 1990 divided the enterprise into six broad divisions: AMAG Metal, AMAG Rolled Products, AMAG Extrusion, AMAG Formprodukte, AMAG Packaging and AMAG Systems. This arrangement brought together rolling, extrusion, formed products, packaging and systems-processing activities under a more market-oriented structure. Some non-core businesses were subsequently sold or privatized, including the Enzesfeld can plant, which was sold to Rexam in 2000. AMAG was privatized in 1996 through a management buyout involving Klaus Hammerer, Constantia and an employee foundation. In 2007, most of Hammerer’s shares were sold to Constantia, while the former extrusion business remained associated with Hammerer Aluminium Industries. AMAG entered the official market of the Vienna Stock Exchange on April 8, 2011. It briefly belonged to the ATX index from September 2012 to September 2013. In October 2014, B&C Industrieholding acquired the voting majority reported for AMAG. The Ranshofen site became the focus of a major investment program. The 2014 phase added hot rolling, plate production and foundry capacity. In 2017, AMAG opened a cold rolling mill and finishing facilities and further increased casting and recycling capacity. The overall expansion was reported at EUR 535 million. The investment strengthened AMAG’s ability to produce specialized rolled products and serve demanding industrial sectors from an integrated Austrian base. AMAG’s present operating model combines rolled products, casting, metal trading and an interest in primary aluminum production. Its products serve packaging, transportation, automotive, aerospace, mechanical engineering, construction, electrical equipment and sporting-goods customers. In 2018, the company announced certification of its integrated rolling, foundry and recycling operations under the Aluminium Stewardship Initiative Performance Standard, reinforcing its positioning around traceability, recycling and responsible aluminum production.

1. 2018Integrated operations receive ASI certification

   AMAG announced Performance Standard certification covering its rolling mill, foundry and recycling operations.

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2. 2017Cold rolling and finishing expansion is completed

   AMAG completed the principal phases of its Ranshofen modernization program, adding cold rolling, finishing, foundry and recycling capacity.

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3. 2014Ranshofen hot rolling expansion opens

   New hot rolling, plate-production and foundry facilities were commissioned at Ranshofen.

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4. 2011AMAG lists on the Vienna Stock Exchange

   AMAG shares began trading on the Prime Market under ticker AMAG.

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5. 1996AMAG is privatized

   A management buyout involving Klaus Hammerer, Constantia and an employee foundation transferred AMAG into private ownership.

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6. 1985Company adopts the Austria Metall name

   The enterprise was renamed Austria Metall Aktiengesellschaft during a broad state-industrial restructuring.

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7. 1957Ranshofen and Berndorf metal businesses merge

   The combined company became Vereinigte Metallwerke Ranshofen-Berndorf AG.

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8. 1948Österreichische Metallwerke Aktiengesellschaft is founded

   The state-founded company developed pressing and rolling facilities for semi-finished aluminum products.

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9. 1946Ranshofen aluminum assets enter Austrian public ownership

   The Republic of Austria established Aluminiumwerke Ranshofen GmbH after the war and took control of the nationalized aluminum operations.

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10. 1939Mattigwerk smelter is built at Ranshofen

    Vereinigte Aluminiumwerke AG constructed an aluminum smelter at Ranshofen near Braunau am Inn.

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An integrated European aluminum supplier combining rolling, casting, recycling and primary-metal sourcing, with emphasis on specialty alloys, technically demanding applications and responsible material production.

• Rolled aluminum productsAluminum rolling

  AMAG produces aluminum sheets, strips, plates and specialty rolled materials for packaging, automotive, aerospace, transportation, construction, electrical equipment, mechanical engineering and sporting goods. The portfolio includes bright grades, tread plate, cathode sheet and brazing-clad material, together with alloy systems designed for strength, formability, corrosion resistance or surface performance.

• High-strength and specialty materialsSpecialty aluminum

  The company supplies high-strength aluminum materials for technically demanding industrial and sports applications. The referenced portfolio includes Titanal and other alloy products used where low weight, strength and controlled material properties are important.

• Cast alloys and foundry productsAluminum casting

  AMAG casting operations produce aluminum alloys in forms including ingots, sows, two-part ingots and liquid metal. These materials are supplied primarily to automotive and supplier companies, mechanical engineering customers and other industrial users.

• Primary aluminumPrimary aluminum

  AMAG participates in primary aluminum production through its interest in Aluminerie Alouette in Canada. The business provides primary aluminum and foundry products, complementing AMAG’s downstream rolling, casting and recycling activities.

• Recycled aluminumAluminum recycling

  Recycling is integrated into AMAG’s Ranshofen production system. Expanded recycling and remelting capacity enables aluminum scrap to be returned to useful alloy and rolled-product supply chains, supporting the company’s lower-resource and circular-material positioning.

• 2014Invest in an integrated Ranshofen expansionStrategy

  AMAG sought to increase high-value rolled-products capacity and strengthen its integrated manufacturing base in Austria.

  What changed. The company added hot rolling, plate-production and foundry facilities, followed later by cold rolling, finishing and additional recycling capacity.

  Aftermath. The multiyear program was reported as a EUR 535 million expansion and made Ranshofen a substantially larger integrated rolling, casting and recycling site.

  Expansion investment. EUR 535 million program (Completed in phases from 2014 to 2017)

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• 2011Public listing on the Vienna Stock ExchangeStrategy

  AMAG transitioned to publicly traded status as part of its post-privatization corporate development.

  What changed. Shares were admitted to the Vienna Stock Exchange Prime Market under the ticker AMAG.

  Aftermath. AMAG became a listed Austrian industrial company and was temporarily included in the ATX index between 2012 and 2013.

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• 1978Public controversy over preferential electricity pricingControversy

  During a dispute over the commissioning of the Zwentendorf nuclear power plant, it became publicly known that VMW Ranshofen, a major electricity consumer, benefited from an unusually favorable electricity price. The arrangement was characterized in contemporary discussion as an indirect or concealed promotion of aluminum production. The available reference material records the controversy but does not establish a later legal finding or penalty.

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• 2018AMAG receives Aluminium Stewardship Initiative Performance Standard certification

  AMAG reported certification of its integrated rolling, foundry and recycling operations under the Aluminium Stewardship Initiative Performance Standard.

  RegulationOther
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• 2018AMAG receives Aluminium Stewardship Initiative certification

  AMAG reported that its integrated Ranshofen operations, combining rolling, foundry, and recycling, had been certified to the ASI Performance Standard.

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• 2017AMAG completes Ranshofen expansion with new cold rolling mill

  A new cold rolling mill and finishing facilities were commissioned, together with further foundry and recycling investments.

  Product generation
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• 2017AMAG completes its major Ranshofen expansion

  A new cold rolling mill and finishing facilities opened, while foundry and recycling capacity were expanded, completing the company’s large-scale Ranshofen investment program.

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• 2014AMAG opens new hot rolling and plate-production facilities

  The Ranshofen site added a new hot rolling mill, plate-production facilities and expanded foundry capacity as part of a large modernization program.

  Product generation
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• 2014B&C Industrieholding obtains voting majority in AMAG

  B&C Industrieholding became the voting-majority shareholder of AMAG, with a reported stake of 52.7%.

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• 2014AMAG opens a new hot rolling mill and expands Ranshofen production

  The company commissioned a new hot rolling mill, plate-production facilities, and an expanded foundry at Ranshofen as part of a major capacity and modernization program.

  Product generationOther
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• 2011AMAG shares begin trading on the Vienna Stock Exchange Prime Market

  AMAG Austria Metall AG became publicly traded on the Vienna Stock Exchange under the ticker AMAG.

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• 2011AMAG begins trading on the Vienna Stock Exchange

  AMAG Austria Metall AG shares began trading on the official market and Prime Market of the Vienna Stock Exchange under the ticker AMAG.

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1. Austria Metall
2. Aluminium Stewardship Initiative
3. AMAG Austria Metall AG official website