Amag Austria Metall AG is acquiring a 70 % share of the German company Aircraft Philipp Gruppe headquartered in Übersee / Chiemsee. ACP amounts 50 years of experience in the manufacture of assembly-ready metal parts for the aviation and aerospace industry.
Weight plays an increasingly important role in the design of components. This also boosts the importance of magnesium, because the material not only excels as the lightest metallic construction material, but also offers numerous other advantages for series production.
The USA imposes punitive tariffs of 25 % on steel imports and ten percent on aluminium imports — the AMAG Group is expecting losses in the mid-single-digit million euro range. Meanwhile, VDA CEO Mattes calls for an "objective discussion".