BNET Industries
Last Fiscal Year Sales:$17.5M
- Public
- CA
Dow Jones Description
Established in 1934, Timminco Limited has grown to become an international leader in the production of magnesium extrusions, specialty non-ferrous metals, and alloys of magnesium, strontium, calcium and aluminum. As the recognized leader in the production of the highest purity magnesium metal and related specialty alloys, Timminco has secured a dominant position worldwide in several key markets where purity is critical. In July 1998, Timminco approximately doubled its sales revenues through the acquistion of a magnesium extrusion and fabrication facility in Aurora Colorado. The acquisition provided modern well maintained equipment that is complementary to the Company's extrusion plant in Haley, Ontario Canada. Timminco pioneered the development and commercial production of strontium metal which has become an important element in the manufacturing of premium quality aluminum castings. Timminco continues to strengthen its position in the area of strontium metal and alloys by remaining...
Number of Employees 408
Contact Information
Sun Life Financial Tower 150 King Street W
Toronto, Ontario M5H 1J9
(416) 364-5171
Peer Companies
NAICS Code All Other Miscellaneous Fabricated Metal Product Manufacturing: 332999
Recent Events
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AMG affiliate Timminco completes $5.0 million convertible debt financing
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Timminco completes USD5.3m private equity financing
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Timminco gets financing from AMG
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Timminco posts bigger loss on solar slump
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UPDATE 1-Timminco says settles with customers
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Timminco to boost silicon metal output
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Timminco reports Q2 loss of $24 million, sales fall to $22.3 million
News & Analysis
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graphit kropfmühl ag and timminco ltd. - All News and Analysis
AMG achieves record year despite challenging fourth quarter
- 2009-03-18
Key Highlights * Revenue increased 8% in the fourth quarter 2008 compared to the fourth quarter 2007; full year revenue increased 31% to $1,517.9 million * EBITDA[1] decreased 73% in the fourth quarter 2008 compared to...
AMG subsidiary Timminco announces cost containment plan for silicon operations
- 2009-03-17
AMG Advanced Metallurgical Group N.V.'s ("AMG," EURONEXT AMSTERDAM: "AMG") 50.7% owned subsidiary, Timminco Limited ("Timminco"; TSX: TIM), announced today that it will temporarily curtail production of silicon metal due to difficult market conditions and reduced demand for silicon metal in the chemical and aluminum industries. This operating mode will...
AMG subsidiary Timminco completes next phase of magnesium strategy
- 2009-02-18
* PROPOSED MERGER WITH WINCA * CLOSURE OF AURORA FACILITY AMG Advanced Metallurgical Group N.V.'s ("AMG," EURONEXT AMSTERDAM: "AMG") 50.7% owned subsidiary, Timminco Limited ("Timminco"; TSX: TIM), consistent with its strategy of positioning its magnesium business for profitability and strategic divestiture,...
AMG subsidiary Timminco completes equity financing
- 2009-02-03
AMG Advanced Metallurgical Group N.V.'s ("AMG," EURONEXT AMSTERDAM: "AMG") 50.7% owned subsidiary, Timminco Limited ("Timminco"; TSX: TIM) completed its equity offering of 7.04 million common shares at a price of $3.55 per share for aggregate gross proceeds...
AMG Subsidiary Timminco Completes C$25 Million Equity Financing to Strengthen Balance Sheet
- 2009-01-27
AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") 50.34% subsidiary Timminco Limited ("Timminco"; TSX: TIM) has agreed to issue a total of 7.04 million common shares at a price of C$3.55 per share for aggregate gross proceeds of C$25.0...
AMG Subsidiary Timminco provides an update on solar grade silicon operations
- 2009-01-12
AMG Advanced Metallurgical Group N.V.'s ("AMG", EURONEXT AMSTERDAM: "AMG") 50.4% subsidiary Timminco Limited ("Timminco"; TSX: TIM), produced 554 metric tons mt of solar grade silicon during the fourth quarter, representing an increase of...
AMG comments on the impact of the current global slowdow
- 2009-01-05
Amsterdam, 5 January 2009 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") expects lower than previously forecasted 2008 earnings due to the severe downturn of global economic activity and resulting lower sales volumes...
AMG Reports Strong Third Quarter in Face of Challenging Economic Conditions
- 2008-11-12
Key Highlights * Revenue increased 49% in the third quarter 2008 compared to the third quarter 2007; year to date increase 40% * EBITDA increased 121% in the third quarter 2008 when compared to the third quarter...
AMG earnings more than double in the second quarter
- 2008-08-12
Key Highlights * Revenue increased 48% in the second quarter 2008 compared to the second quarter 2007 (YTD Increase 35%) * EBITDA increased 97% in the second quarter 2008 when compared to the second quarter 2007 (YTD...
AMG Announces Schedule for Second Quarter 2008 Earnings Release
- 2008-08-05
AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announced that it will release its second quarter 2008 financial results on Tuesday, 12 August 2008 at approximately 7:00 am CET. AMG will host a conference call to discuss its financial results for the second quarter 2008 on same day...
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