13.09.2023 18:30:07 - dpa-AFX: GNW-Adhoc: AMG is a Proud Partner of PCC's TIMET Operation in Ravenswood, West Virginia, Serving the Aerospace Industry
Amsterdam, 13 September 2023 --- AMG Critical Materials N.V. ("AMG", EURONEXT
AMSTERDAM: "AMG") is proud to announce our partnership with PCC's TIMET on
furnaces for a new, state-of-the-art Titanium melt facility in Ravenswood, West
Virginia. The new facility will produce titanium products for the aerospace
industry in addition to other business sectors. AMG Engineering was selected to
supply the vacuum melting and re-melting furnaces to produce the products. AMG's
scope includes several vacuum arc re-melting, electron beam welding, and
electron beam melting furnaces.
In total, the project represents a $500 million investment by PCC. The new
facility will be powered by a solar energy, micro-grid using renewable green
energy; the first of its kind for PCC.
Dr. Heinz Schimmelbusch, AMG's CEO, commented, "This partnership serves as a
basis for intensifying our technology and signifies one of the largest orders in
all of AMG Engineering's history. We are proud to have been chosen to supply the
furnaces for this new facility and look forward to continuing our business
partnership with TIMET."
About AMG
AMG's mission is to provide critical materials and related process technologies
to advance a less carbon-intensive world. To this end, AMG is focused on the
production and development of energy storage materials such as lithium,
vanadium, and tantalum. In addition, AMG's products include highly engineered
systems to reduce CO(2) in aerospace engines, as well as critical materials
addressing CO(2) reduction in a variety of other end use markets.
AMG Clean Energy Materials segment combines AMG's recycling and mining
operations, producing materials for infrastructure and energy storage solutions
while reducing the CO(2) footprint of both suppliers and customers. AMG Clean
Energy Materials segment spans the vanadium, lithium, and tantalum value chains.
AMG Critical Materials Technologies segment combines AMG's leading vacuum
furnace technology line with high-purity materials serving global leaders in the
aerospace sector. AMG Critical Minerals segment consists of AMG's mineral
processing operations in antimony, graphite, and silicon metal.
With approximately 3,600 employees, AMG operates globally with production
facilities in Germany, the United Kingdom, France, the United States, China,
Mexico, Brazil, India, Sri Lanka, and Mozambique, and has sales and customer
service offices in Japan (www.amg-nv.com (http://www.amg-nv.com)).
For further information, please contact:
AMG Critical Materials N.V. +1 610 975 4979
Michele Fischer
mfischer@amg-nv.com (mailto:mfischer@amg-nv.com)
Disclaimer
Certain statements in this press release are not historical facts and are
"forward looking". Forward looking statements include statements concerning
AMG's plans, expectations, projections, objectives, targets, goals, strategies,
future events, future revenues or performance, capital expenditures, financing
needs, plans and intentions relating to acquisitions, AMG's competitive
strengths and weaknesses, plans or goals relating to forecasted production,
reserves, financial position and future operations and development, AMG's
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. When used in this press release, the words
"expects," "believes," "anticipates," "plans," "may," "will," "should," and
similar expressions, and the negatives thereof, are intended to identify forward
looking statements. 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. These forward looking statements speak only as
of the date of this press release. 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.
Â