{"id":381311,"date":"2020-11-16T01:03:11","date_gmt":"2020-11-16T06:03:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381311"},"modified":"2020-11-16T01:03:11","modified_gmt":"2020-11-16T06:03:11","slug":"amg-advanced-metallurgical-group-n-v-announces-the-formation-of-amg-chrome-us-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/amg-advanced-metallurgical-group-n-v-announces-the-formation-of-amg-chrome-us-llc\/","title":{"rendered":"AMG Advanced Metallurgical Group N.V. Announces the Formation of AMG Chrome US LLC"},"content":{"rendered":"
\n

\u00a0<\/p>\n

\n
\n Amsterdam, 16 November 2020<\/em>
\n <\/strong>
\n —<\/em> AMG Advanced Metallurgical Group N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) announces the formation of AMG Chrome US LLC (\u201cUS Chrome\u201d).\u00a0 US Chrome will manufacture chrome metal products in New Castle, PA. The US Chrome plant will be located on the premises of the former International Specialty Alloys (“ISA”), which AMG acquired from Kennametal, Inc.\u00a0 US Chrome will be the only producer of chrome metal in the United States. Chrome metal is classified as a critical material by the US government.<\/p>\n

US Chrome is part of AMG Superalloys, a world-leading chrome metal producer with its principal operations in Rotherham, UK.<\/p>\n

We anticipate AMG Chrome US LLC will begin production in early 2021.<\/p>\n

\n About AMG<\/strong>\n <\/p>\n

AMG is a global critical materials company at the forefront of CO2<\/sub> reduction trends. AMG produces highly engineered specialty metals and mineral products and provides related vacuum furnace systems and services to the transportation, infrastructure, energy, and specialty metals & chemicals end markets.<\/p>\n

AMG Critical Materials produces aluminum master alloys and powders, ferrovanadium, natural graphite, chromium metal, antimony, lithium, tantalum, niobium and silicon metal. AMG Technologies produces titanium aluminides and titanium alloys for the aerospace market; designs, engineers, and produces advanced vacuum furnace systems; and operates vacuum heat treatment facilities, primarily for the transportation and energy industries.<\/p>\n

With approximately 3,100 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the Czech Republic, the United States, China, Mexico, Brazil, India, Sri Lanka and Mozambique, and has sales and customer service offices in Russia and Japan (www.amg-nv.com<\/u><\/a>).<\/p>\n

\n For further information, please contact:<\/strong>\n <\/p>\n

Michele Fischer
Vice President Investor Relations
AMG Advanced Metallurgical Group N.V.
+1 610 975 4979
mfischer@amg-nv.com<\/u><\/a><\/p>\n

\n Disclaimer<\/u>\n <\/p>\n

Certain statements in this press release are not historical facts and are \u201cforward looking\u201d.\u00a0 Forward looking statements include statements concerning AMG\u2019s plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG\u2019s competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG\u2019s business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information.\u00a0 When used in this press release, the words \u201cexpects,\u201d \u201cbelieves,\u201d \u201canticipates,\u201d \u201cplans,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d and similar expressions, and the negatives thereof, are intended to identify forward looking statements.\u00a0 By their very nature, forward looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward looking statements will not be achieved.\u00a0 These forward looking statements speak only as of the date of this press release.\u00a0 AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward looking statement contained herein to reflect any change in AMG’s expectations with regard thereto or any change in events, conditions, or circumstances on which any forward looking statement is based.<\/p>\n

\u00a0<\/p>\n

\n Attachment<\/strong>\n <\/p>\n