Austrian aluminum producer Hammerer Aluminum Industries (HAI) plans to invest around €38mn ($46.4mn) in a new extrusion press and other production equipment at its facility in Ranshofen, Austria.
According to a news release by the company, the 6,000t (5443.10mt) extrusion press and other upstream and downstream machinery are being set up to meet the growing demand for lightweight automotive components, especially in the electric vehicles sector.
Rob Van Gils, HAI’s chief executive officer, noted that the investment will enable the company to produce complex high-strength crash-resistant aluminum alloys, which will establish HAI as one of the technological leaders in this space.
HAI currently uses 80pc recycled aluminum content to produce its alloys and profiles and sources its primary aluminum from suppliers who use 100pc renewable electricity for smelting. The company produces 220,000mt of cast aluminum and 100,000mt of extruded aluminum.