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4-Traders Homepage  >  Equities  >  Xetra  >  Salzgitter AG    SZG   DE0006202005

SALZGITTER AG (SZG)
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Salzgitter AG: Salzgitter Group to construct third hot-dip galvanizing line

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09/29/2017 | 10:05am CET

DGAP-News: Salzgitter AG / Key word(s): Strategic Company Decision
Salzgitter AG: Salzgitter Group to construct third hot-dip galvanizing line

29.09.2017 / 10:00
The issuer is solely responsible for the content of this announcement.


 

In its meeting yesterday, the Salzgitter AG Supervisory Board approved an investment in a third hot-dip galvanizing line at the Salzgitter site. For Salzgitter Flachstahl GmbH (SZFG), this project represents the implementation of a key component in the group's "Salzgitter AG 2021" strategy, namely a consistent focus on the premium product range.

With an annual capacity of 500,000 metric tons, the new hot-dip galvanizing line 3 will supplement the two existing SZFG lines and reinforce the market position particularly in high and ultra-high strength steels for the automotive industry. The unit is scheduled to be put into operation in the second half of 2020.

"The investment is a renewed commitment to steel production in Germany. This line will allow us to continue to expand Salzgitter Flachstahl GmbH's importance as a supplier to customers in Europe and worldwide making very high quality demands," states Executive Board Chair Prof. Dr.-Ing. Heinz Jörg Fuhrmann.


Contact:
Markus Heidler
Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail [email protected]



29.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter
Germany
Phone: +49 5341 21-01
Fax: +49 5341 21-2727
E-mail: [email protected]
Internet: www.salzgitter-ag.de
ISIN: DE0006202005
WKN: 620200
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

614369  29.09.2017 

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© EQS 2017
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