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 a majority interest in publicly-listed Timminco Limited (TSX: "TIM").

 

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.

 

AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, Canada, Mexico, Brazil and Australia and also has sales and customer service offices in Belgium, Russia, China and Japan (website: www.amg-nv.com).

For further information please contact:

 

AMG Advanced Metallurgical Group N.V.   +1 610 293 2508

Bill Levy

Chief Financial Officer

blevy@amg-nv.com

 

AMG Advanced Metallurgical Group N.V.   +1 610 293 2506

Eric Jackson

President Advanced Materials

ejackson@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.

 

Daily-Jeff.com

Metallurg Vanadium signs contract with local firm for part of $30M expansion

September 7, 2008

Metallurg Vanadium Corporation (METVAN) and Davis Architectural Group (DAG) have entered into a contract to design and manage construction of a state of the art $7.5 million raw material storage building. This project is part of METVAN's $30 million expansion plan which will increase vanadium production capacity at its Cambridge plant by 25 percent by 2010. The expansion will improve METVAN's global competitive advantage, while maintaining its commitment to the Cambridge/Guernsey County area.

"We are very pleased to once again work with DAG to help us achieve our expansion goals. Davis is an excellent local firm, and we've had tremendous success with them in the past," said Hoy Frakes, president of Metallurg Vanadium. John Davis, president of Davis Architectural Group, said, "Our firm looks forward to continuing our ongoing relationship with METVAN, and are pleased to have been selected as the architect for this major expansion project. METVAN, plays such an important role in our industrial community and this project is an indication of their commitment to the Cambridge/Guernsey County area, as well as being a leader in their industry."

Metallurg Vanadium Corporation (METVAN) is a wholly-owned subsidiary of AMG Advanced Metallurgical Group N.V., a global leader in the production of highly engineered specialty metal products and advanced vacuum furnace systems. Located in Cambridge, METVAN, 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 construction applications. By using materials which would otherwise be discarded as waste, Metallurg Vanadium encourages environmental stewardship, energy conservation and resource recovery, making it the environmental leader in this global industry. METVAN, is the leading North American producer of ferrovanadium and has two primary product lines: FEROVAN, its ferrovanadium alloy used in the production of steel to give it strength and durability, and FeNiMoly which is a valuable additive utilized in the production of stainless and carbon steels.