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.
Salzgitter AG published this content on 29 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 September 2017 08:24:04 UTC.