DGAP-News: Salzgitter AG / Key word(s): Strategic Company Decision
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.
29.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Salzgitter AG |
Eisenhüttenstraße 99 | |
38239 Salzgitter | |
Germany | |
Phone: | +49 5341 21-01 |
Fax: | +49 5341 21-2727 |
E-mail: | info@salzgitter-ag.de |
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 |
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