Advanced Magnesium Limited (ANM) is pleased to announce an agency agreement with Arrandene-MFG for the sale of magnesium alloy products to European diecast customers. Arrandene has committed to selling 1,000 tonnes of magnesium alloy product from AML’s 53%-owned manufacturing business, HNKWE. It will represent AML exclusively in Europe will assist AML to qualify it’s product with European diecast manufacturers. It has committed to working with AML to develop AML’s magnesium alloys brand in Europe. An agency agreement with Arrandene will allow AML to quickly develop new markets for its magnesium alloy products and technologies in Europe. Arrandene is a company with long experience in metals market development and metals trading in Europe.
Advanced Magnesium Limited is a magnesium alloy manufacturing and technology company. AML established a magnesium alloy manufacturing joint venture at Chang Ge in Henan Province, China in July 2009. The joint venture company, Henan Keweier Alloy Materials Company Limited (HNKWE) commenced manufacturing operations in October 2009. The Chang Ge factory is now operating at rated capacity and sells product to Chinese and European customers. This agreement with Arrandene and the development of other sales channels in China, Japan and elsewhere will allow HNKWE to double it’s capacity at Chang Ge over the coming months.
Arrandene MFG’s parent company and major shareholder is MFG Metall und Ferrolegierungsgellschaft mbH, with a turnover of more than 75 m Euros and is located in the commercial centres of Dusseldorf and Paris, servicing the European steel industry. Arrandene MFG also has commercial offices in London and Shanghai sourcing key materials across South East Asia and China. Arrandene MFGs core business is the complete supply of primary cast house additions, high integrity foundry casting alloys, and primary raw materials to the Aluminium and Magnesium consumer, supplying OEMs, Rolling Mills, Extruders, Remelters and the broker network, with principle markets in the EU and Middle East. Arrandene intend to further expand their activities in the USA and South America during the coming year.
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