AMG owns 79,52% of Graphit Kropfmuehl AG
Amsterdam, 19 June 2008 --- AMG Advanced Metallurgical Group N.V.
("AMG", EURONEXT AMSTERDAM: "AMG") announced that its wholly owned
subsidiary AMG Invest GmbH has published the final result of its
voluntary public tender offer of non-par value bearer shares in
Graphit Kropfmuehl Aktiengesellschaft, Hauzenberg. After the final
settlement of additional acceptances, AMG Invest GmbH owns 79,52% of
the shares in Graphit Kropfmuehl AG.
Dr. Heinz C. Schimmelbusch, CEO of AMG, commented: "We are pleased
with the successful completion of the offer and welcome Graphit
Kropfmuehl AG to AMG. We will now begin to work together with the
management of Graphit Kropfmuehl AG to bring out the full potential
of this acquisition and increase shareholder value."
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. +1 610 975 4901
Jonathan Costello
Director of Corporate Communications
jcostello@amg-nv.com
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