AMG ADVANCED METALLURGICAL GROUP N.V. RECEIVES CASH AWARD OF $500,000 FROM AEP OHIO
Amsterdam, 9 July 2015 (Regulated Information) — AMG Advanced Metallurgical Group N.V. (“AMG”) is pleased to announce that AMG Vanadium has received a cash award of more than $500,000 from AEP Ohio, a unit of American Electric Power (NYSE: AEP). The award recognizes AMG’s ongoing efforts to reduce energy consumption and CO2 emissions.
AMG will use the cash award to fund energy efficient capital upgrades completed in 2014. The completed upgrades will save approximately 16,000,000 kilowatt-hours per year and have estimated annual savings of approximately $1,000,000.
Located in Cambridge, Ohio, AMG Vanadium specializes in the environmentally beneficial conversion of oil refinery and power plant waste products into specialty metals used by global steel producers in automotive, energy transmission and infrastructure applications. By using materials that would otherwise be discarded as waste, AMG Vanadium encourages environmental stewardship, energy conservation and resource recovery.
AMG is a global critical materials company at the forefront of CO2 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.
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.
With approximately 3,300 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).
About AMG Vanadium LLC
Located in Cambridge, Ohio, AMG Vanadium specializes in the environmentally beneficial conversion of oil refinery and power plant waste products into ferrovanadium, nickel and molybdenum primarily used by global steel producers in automotive, energy transmission and infrastructure applications. By using materials that would otherwise be discarded as waste, AMG Vanadium creates environmental stewardship, energy conservation and resource recovery.
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 975 4979
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