Salzgitter

EQS-News: Salzgitter AG: Diversification paying off – satisfactory result despite increasingly difficult market environment

Retrieved on: 
Wednesday, April 10, 2024
Annual, Tax, Ellen, Supervisory board, Partnership, KHS, Salzgitter AG, Federal republic, Shareholder, Eye, Salzgitter, ROCE, KHS GmbH, John Macarthur (wool pioneer), Federalism, Depreciation, Aurubis, MacArthur Foundation, Bank

Consolidated external sales decreased to € 10.8 billion, due above all to the downtrend in average revenue for steel products.

Key Points: 
  • Consolidated external sales decreased to € 10.8 billion, due above all to the downtrend in average revenue for steel products.
  • Business development in the first quarter of 2024 continued to be impacted by the adverse circumstances in the second half of 2023.
  • As a result, EBITDA contracted to € 677.0 million (2022: € 1,618.2 million) and earnings before taxes to € 238.4 million (2022: € 1,245.4 million).
  • The result includes a contribution of € 40.0 million from Aurubis AG (2022: € 156.3 million), an investment included at equity (IFRS accounting).

EQS-News: Salzgitter AG sells Mannesmann Stainless Tubes Group to Cogne Acciai Speciali

Retrieved on: 
Wednesday, March 13, 2024
Salzgitter AG, Stainless steel, Growth, Carbon, MST, Mannesmann, Corrosion, Salzgitter, Food industry, Cogne

Continuing its active portfolio management, the Salzgitter Group has now sold the Mannesmann Stainless Tubes Group (MST) to the Italian company Cogne Acciai Speciali in accordance with the best-owner principle for a purchase price of € 135 million corresponding to the net book value.

Key Points: 
  • Continuing its active portfolio management, the Salzgitter Group has now sold the Mannesmann Stainless Tubes Group (MST) to the Italian company Cogne Acciai Speciali in accordance with the best-owner principle for a purchase price of € 135 million corresponding to the net book value.
  • Cogne Acciai Speciali is an international group of companies with production facilities on three continents and sales offices in all economically significant regions of the world.
  • The Mannesmann Stainless Tubes Group produces seamless stainless steel and nickel-based tubes at its sites in Germany, France, Italy and the USA.
  • Accordingly, the products of the Mannesmann Stainless Tubes Group are predominantly deployed in power plant construction and in the chemical and petrochemical industries.

EQS-News: Klöckner & Co presents solid operating income for 2023 and strengthens focus on attractive business areas and core markets

Retrieved on: 
Wednesday, March 13, 2024
Acquisition, Annual general meeting, Kloeckner Metals Corporation, PCF, Welding, Sale, Carbon, Metal, Steel, CO2, Salzgitter, Annual, Fine chemical

The net result from continuing operations was close to break-even, with a net loss of €0.3 million.

Key Points: 
  • The net result from continuing operations was close to break-even, with a net loss of €0.3 million.
  • Klöckner & Co is therefore set to pay a dividend for the third year in a row.
  • The equity ratio was a very solid 45% at the year end, albeit below the prior-year level (December 31, 2022: 51%).
  • Klöckner & Co is thus focusing on its largest market of North America and its attractive European activities in Germany, Austria and Switzerland.

EQS-News: Parity still a long way off / FidAR Forum 2024 calls for substantial progress in increasing the proportion of women in management positions in Germany

Retrieved on: 
Monday, February 5, 2024
Supervisory board, SAP, Financial services, CFO, Hannover Re, DAX, Regulated market, ESMT, Sustainability, Old age, SDAX, Labour, Parity, Commerzbank, Salzgitter, MDAX, Bechtle, Management, Zalando, Federation, Hope, Siemens Healthineers, European School, Woman, BASF, Property management

Berlin, 31.01.2024: DAX companies are leading the way when it comes to equal participation of women in Germany.

Key Points: 
  • Berlin, 31.01.2024: DAX companies are leading the way when it comes to equal participation of women in Germany.
  • On the supervisory boards, the proportion of women is still just below the 40 per cent mark at 38.5 per cent.
  • Six supervisory boards at Hannover Re, Zalando, Commerzbank, Covestro, Heidelberg Materials and Vonovia have at least equal representation of women and men.
  • Substantial progress requires concrete strategies for sustainably increasing the proportion of women at all management levels.

EQS-News: APEX Group: exceet expands Supervisory Board with appointment of former Salzgitter CEO Prof. Dr.-Ing. Heinz Jörg Fuhrmann

Retrieved on: 
Tuesday, January 30, 2024
Hydrogen, Research, SCA, Salzgitter, Institute of technology, Senate, CFO, Mass meeting, RWTH Aachen University, Knowledge, History, Commercial, Metallurgy, Economics, Climate change mitigation, BDI, Supervisory board, Politics, Plant, APEX, Fraunhofer Society, Salzgitter AG

APEX Group: exceet expands Supervisory Board with appointment of former Salzgitter CEO Prof. Dr.-Ing.

Key Points: 
  • APEX Group: exceet expands Supervisory Board with appointment of former Salzgitter CEO Prof. Dr.-Ing.
  • Prof. Fuhrmann (67) was elected as a new member of the Supervisory Board.
  • At its constituent meeting immediately following the General Meeting today, the Supervisory Board elected Prof. Fuhrmann as Deputy Chair of the Supervisory Board.
  • Together with the Chair of the Supervisory Board, Roland Lienau, and the other members of the Supervisory Board, Prof. Fuhrmann will make a valuable contribution to the company's growth strategy.

EQS-News: Supervisory Board of Salzgitter AG extends Gunnar Groebler's contract

Retrieved on: 
Saturday, December 30, 2023
Supervisory board, Acceleration, Salzgitter

Salzgitter.

Key Points: 
  • Salzgitter.
  • At its meeting on December 7, 2023, the Supervisory Board of Salzgitter AG extended the contract of CEO Gunnar Groebler until 2029.
  • Gunnar Groebler has been active as a member of the Executive Board of Salzgitter AG since May 2021 and Chairman of the Executive Board since July 2021.
  • As Heinz-Gerhard Wente, Chairman of the Supervisory Board, commented: "During his tenure to date, Gunnar Groebler has initiated and driven key decisions for the Salzgitter Group forward.

European Green Steel Market Report 2023: Scope 3 Emissions Reduction Goals and End-user Demand Drive Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 15, 2023
Environment, Manufacturing, Alternative Energy, Green Technology, Energy, Steel, SSAB, Iron, Carbon, Coal, MOE, Plant, Hydrogen, Investment, Tata Steel Europe, GFG Alliance, Voestalpine, ArcelorMittal, ThyssenKrupp, Salzgitter, Partnership, Growth, Climate change mitigation, EAF, Electric arc furnace, DRI, Satellite navigation device, Renewable energy, Rare-earth element, Electronics, Tenaris

The "European Green Steel Market: Insights and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering, providing valuable insights into the European green steel market, with an overview of the industry's dynamics, trends, challenges, and growth drivers.

Key Points: 
  • The "European Green Steel Market: Insights and Forecast (2023-2028)" report has been added to ResearchAndMarkets.com's offering, providing valuable insights into the European green steel market, with an overview of the industry's dynamics, trends, challenges, and growth drivers.
  • Green steel demand is driven by two primary factors: Scope 3 emissions reduction goals and end-user demand.
  • Key Players: The European green steel market is led by key players such as ArcelorMittal, ThyssenKrupp, Salzgitter, SSAB, Tenaris, Tata Steel Europe, Swiss Steel Group, Vanir Green Industries, GFG Alliance, Voestalpine AG, and H2 Green Steel.
  • The "European Green Steel Market: Insights and Forecast (2023-2028)" report offers a comprehensive overview of the market's dynamics, challenges, and growth drivers.

EQS-News: Sale of Borusan Mannesmann participation concluded

Retrieved on: 
Thursday, December 14, 2023
Growth, AG, Salzgitter, China's circular economy, Salzgitter AG, Sale, Circular economy, Borusan

Salzgitter.

Key Points: 
  • Salzgitter.
  • The Salzgitter Group has now successfully transferred its 23% participating share in Borusan Mannesmann Boru Yatirim Holding A.S., Turkey, to the co-owner Borusan.
  • The buyer Borusan ranks as one of the leading international steel tube manufacturers.
  • We believe that the sale offers Borusan and its employees the best development opportunities in a significant market environment."

EQS-News: Salzgitter orders one of Europe’s largest green hydrogen plants from ANDRITZ

Retrieved on: 
Monday, September 25, 2023
Hydrogen, Electrolysis, EPC, Steel, Salzgitter, Coal, Plant, Flood-Medal 2013 of the State of Lower Saxony, Salzgitter AG, Federal republic, CO2, Renewable energy

Salzgitter AG has ordered a 100 MW green hydrogen plant for low-CO2 steel production from ANDRITZ GROUP.

Key Points: 
  • Salzgitter AG has ordered a 100 MW green hydrogen plant for low-CO2 steel production from ANDRITZ GROUP.
  • This contract completes the orders for all plants and systems for the first stage of Salzgitter’s SALCOS® sustainable transformation program.
  • The Salzgitter Group has selected technology group ANDRITZ to supply one of Europe's largest green hydrogen plants for the SALCOS® program, which aims to achieve virtually CO2-free (green) steel production.
  • Starting in 2026, the plant will produce around 9,000 tons of green hydrogen per year, which will be used to produce green steel.

EQS-News: RENK Group continues growth path with strong order intake in the first half of 2023

Retrieved on: 
Friday, September 1, 2023
Investment, Armed, THOR, EBIT, Salzgitter, United States Army, LNG, EBITDA, Acquisition, Sustainalytics, Marine, Risk, US Army Small Ships Section, Growth, ESG, Longevity, General Kinetics Engineering Corporation, Salzgitter AG, Renewable energy

RENK Group, a leading global manufacturer of mission-critical drive technologies, continued its growth path in the first half of 2023.

Key Points: 
  • RENK Group, a leading global manufacturer of mission-critical drive technologies, continued its growth path in the first half of 2023.
  • The acquisition of General Kinetics, which closed in January 2023 additionally contributed almost 45 percent to the segment’s growth.
  • “The revenue growth in the first half of the year and our strong order intake reflect the high demand for our products,” said Susanne Wiegand, CEO of RENK Group.
  • This places RENK Group within the top 15 percent of the Sustainalytics machinery universe peer group.