The joint venture (JV) has now received the necessary approvals for completion.
“This is an essential step in our Navigate plan for sustainable growth. Partnering with SIG will bring us a big step closer to climate neutrality by 2040 and further increase our sourcing of sustainably produced metal and energy, ultimately creating more value for our customers,” says Jörgen Rosengren, CEO of Gränges.
Access to renewable energy
The joint venture is located in the hydropower-rich province of Yunnan and has access to low-carbon primary aluminium with energy-efficient delivery from a nearby smelter, and to renewable energy for the casting operations.
Production will start during the second quarter 2024, and from 2025, Gränges Asia plans to gradually replace its current in-house casting in Shanghai by sourcing corresponding capacity from the operation in Yunnan. With an expected 80 % carbon emissions intensity reduction from the slabs provided by the JV when reaching full production, this will drive a significant reduction of Gränges Group’s carbon footprint and enable the company to meet customer demands for market-leading sustainable aluminium solutions in Asia.
One of the HAI Group's declared aims is to continuously increase the sustainability of aluminium products through constant innovation.
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