AMSTERDAM, NETHERLANDS -- 07/01/08 --
AMG Advanced Metallurgical
Group N.V.
("AMG", EURONEXT AMSTERDAM: "AMG") announced that its
Engineering
Systems Division has entered into a supply agreement for its
market
leading solar silicon melting and crystallisation furnace
systems.
Under this agreement, AMG has received the first purchase
order,
which is valued in excess of $90 million. "This contract with
a
long-term customer is the largest order in the Engineering
Systems
Division's history. We continue to focus on providing high-
end
products to leading producers in the rapidly growing solar
industry",
commented Dr. Heinz C. Schimmelbusch, CEO of AMG.
About AMG
AMG, incorporated in the Netherlands, is a global leader in
the
production of highly engineered specialty metal products and
advanced
vacuum furnace systems. AMG serves growing industries worldwide
with
its unique combination of metallurgical engineering expertise
and
production know-how. AMG is a market leader in many of its
products
and systems, which are critical to the production of key
components
for the aerospace, energy (including solar and nuclear),
electronics,
optics, chemicals, construction and transportation industries.
AMG
has two operating divisions of businesses, Advanced Materials
and
Engineering Systems, and owns majority interests in publicly-
listed
companies Timminco Limited (TSX: "TIM") and Graphit Kropfmühl
AG
(Deutsche Börse: GKR.DE)
The Advanced Materials Division develops and produces niche
specialty
metals and complex metals products, many of which are used
in
demanding, safety-critical, high-stress environments. AMG is one
of
a limited number of significant producers globally of niche
specialty
metals, such as ferrovanadium, ferronickel-molybdenum,
aluminum
master alloys and additives, chromium metal and ferrotitanium,
used
by steel, aluminum, chemical and superalloy producers for
aerospace,
automotive, energy, electronics, optics, chemicals, construction
and
other applications. Other key products produced by AMG
include
specialty alloys for titanium and superalloys, coating
materials,
tantalum and niobium oxides, vanadium chemicals and
antimony
trioxide.
The Engineering Systems Division designs, engineers and
produces
advanced vacuum furnace systems and operates vacuum heat
treatment
facilities. AMG is a global leader in
supplying
technologically-advanced vacuum furnace systems to customers in
the
aerospace, energy (including solar and nuclear),
transportation,
electronics, superalloys and specialty steel industries. Examples
of
furnace systems produced by AMG include vacuum remelting,
solar
silicon melting and crystallization, vacuum induction melting,
vacuum
heat treatment and high pressure gas quenching, vacuum
precision
casting, turbine blade coating and sintering. AMG also
provides
vacuum case-hardening heat treatment services on a tolling basis
to
customers through facilities equipped with vacuum heat
treatment
furnaces.
Timminco Limited is a majority controlled, publicly listed
subsidiary
of AMG. Timminco is a leader in the production of
upgraded
metallurgical silicon for the rapidly growing solar
photovoltaic
energy industry. Timminco also produces silicon metal and
magnesium
products for use in a broad range of industrial applications.
Graphit Kropfmühl AG is a majority controlled, publicly
listed
subsidiary of AMG. Graphit Kropfmühl is a specialist in
the
production of silicon metal and the extraction, processing
and
refining of natural crystalline graphite for a wide range of
energy
saving industrial applications.
AMG operates globally with production facilities in Germany,
the
United Kingdom, France, Czech Republic, the United States,
Canada,
Mexico, Brazil, Sri Lanka and Australia and also has sales
and
customer service offices in Belgium, Russia, China and
Japan
(website: www.amg-nv.com).
Copyright © Hugin AS 2008. All rights reserved.
For further information please contact:
AMG Advanced Metallurgical Group N.V.
+1 610 975 4901
Jonathan Costello
Director of Corporate Communications
Email Contact
