EANS-News: AMAG signed multiyear contract with Airbus
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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
Original content of: AMAG Austria Metall AG, transmitted by news aktuell