Salzgitter

EQS-News: Salzgitter Aktiengesellschaft: (Re)financing deal sealed for green steel production and general corporate financing

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星期三, 八月 30, 2023
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Salzgitter Klöckner-Werke GmbH, a wholly owned subsidiary of Salzgitter AG (“the Salzgitter Group”), has entered into a revamped € 1.03 billion syndicated loan agreement.

Key Points: 
  • Salzgitter Klöckner-Werke GmbH, a wholly owned subsidiary of Salzgitter AG (“the Salzgitter Group”), has entered into a revamped € 1.03 billion syndicated loan agreement.
  • The company’s existing € 560 million credit line was raised to € 680 million, with a new € 350 million guarantee facility baked into the contract as well.
  • An ESG rendezvous clause is currently in the works; it will make the agreement the Salzgitter Group’s first-ever sustainability-linked loan.
  • According to Salzgitter AG CFO Burkhard Becker, “Our new syndicated financing is a very strong pillar in our financial strategy.

EQS-News: Salzgitter Aktiengesellschaft: Salzgitter AG with successful first half year 2023

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星期五, 八月 11, 2023
Aurubis, Tax, AG, Government, Salzgitter, EBITDA, Investment, ROCE, Motivation, Federalism, Federal republic, Salzgitter AG, Bank

In particular, the Steel Processing and Steel Production business units, along with the Technology Business Unit, contributed to this result.

Key Points: 
  • In particular, the Steel Processing and Steel Production business units, along with the Technology Business Unit, contributed to this result.
  • This documents the continued very robust balance sheet and strong financial position of Salzgitter AG.
  • As Gunnar Groebler, Salzgitter AG’s Chief Executive Officer, comments:
    “Despite the deterioration in the economic environment, the Salzgitter Group delivered a gratifying half-year result.
  • I am also particularly pleased with the very first evaluation of Salzgitter AG by rating agency EcoVadis that was successfully concluded in June.

EQS-News: Salzgitter Aktiengesellschaft: Salzgitter AG appoints new female Executive Board member, Birgit Potrafki to succeed Burkard Becker as CFO

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星期五, 八月 4, 2023
Worcester, Bosch Group, Becker, Arkansas Department of Finance and Administration, Executive, Robert Bosch GmbH, Supervisory board, Orientation, Salzgitter AG, Salzgitter, Administration, RTÉ Executive Board, Smart electric drive, Leibniz University Hannover, CFO, Knowledge, Economics, Female, Management

Salzgitter Aktiengesellschaft: Salzgitter AG appoints new female Executive Board member, Birgit Potrafki to succeed Burkard Becker as CFO

Key Points: 
  • Salzgitter Aktiengesellschaft: Salzgitter AG appoints new female Executive Board member, Birgit Potrafki to succeed Burkard Becker as CFO
    The issuer is solely responsible for the content of this announcement.
  • Salzgitter.
  • At a meeting on 16.06.2023, the Supervisory Board of Salzgitter AG appointed Ms. Birgit Potrafki (52) as a new member of the Executive Board.
  • She will join the Board on 01.02.2024 and take up the position of CFO on 01.04.2024.

EQS-News: Klöckner & Co and the Salzgitter Group partnering for the transformation to a green steel industry

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星期六, 五月 27, 2023
Partnership, PCF, Steel, Carbon, Salzgitter, Salzgitter AG, Iron ore

As from the end of 2025, the Salzgitter Group will be delivering CO2-reduced steel to Klöckner & Co

Key Points: 
  • As from the end of 2025, the Salzgitter Group will be delivering CO2-reduced steel to Klöckner & Co
    Duisburg and Salzgitter, May 23, 2023 – Klöckner & Co and the Salzgitter Group have entered into a partnership geared to stepping up their collaboration in the transformation process to a green steel industry.
  • Going forward, the volume of green steel available on the markets will be significantly increased: From year-end 2025, the Salzgitter Group will be delivering CO2-reduced steel produced via the new hydrogen-based “SALCOS®” production route to Becker Stahl-Service GmbH, a subsidiary of Klöckner & Co.
  • The CO2-reduced steel from Salzgitter will be available under the “Nexigen®” umbrella brand under which Klöckner & Co is offering its CO2-reduced steel and metal solutions.
  • We are therefore delighted to extend our cooperation with Klöckner & Co now to include green steel products.

EQS-News: Salzgitter Aktiengesellschaft: Salzgitter AG with successful first quarter of 2023

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星期三, 五月 10, 2023
Aurubis, Tax, Sale, Government, Salzgitter, EBITDA, Acquisition, ROCE, Engineering, Depreciation

The result includes a contribution of € 29.3 million from Aurubis AG (Q1 2022: € 61.9 million), an investment included at equity (IFRS accounting).

Key Points: 
  • The result includes a contribution of € 29.3 million from Aurubis AG (Q1 2022: € 61.9 million), an investment included at equity (IFRS accounting).
  • The after-tax result came in at € 140.5 million (Q1 2022: € 368.8 million), which brings basic earnings per share to € 2.57 (Q1 2022: € 6.80).
  • The net financial position grew by more than € 100 million compared with the year-earlier figure (€ –498.1 million; Q1 2022: € –619.7 million).
  • As Gunnar Groebler, Salzgitter AG’s Chief Executive Officer, comments:
    “The encouraging start to the financial year 2023 has delivered proof of the effectiveness of our ‘Salzgitter AG 2030’ corporate strategy.

European Green Steel Market Analysis & Forecast Report 2022-2023 & 2028 with Focus on Sweden, Germany, France, and United Kingdom - ResearchAndMarkets.com

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星期一, 三月 6, 2023
Environment, Manufacturing, Sustainability, Alternative Energy, Green Technology, Energy, Steel, MOE, Iberdrola, Coal, Research, Carbon, Growth, Volvo, Steelmaking, Hydrogen, EAF, Iron, GM, Laboratory, Salzgitter, ArcelorMittal, Investment, Electricity, COVID-19, Temperature, Natural gas, SSAB, Electric arc furnace, Dentist, Biomass, Renewable energy, Electronics, ThyssenKrupp

The "European Green Steel Market: Analysis & Forecast with Impact Analysis of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "European Green Steel Market: Analysis & Forecast with Impact Analysis of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.
  • In most cases, green steel production uses green hydrogen rather than coal or electricity generated from non-fossil sources.
  • But as supply grows and green steel becomes the new norm, pricing power is likely to fade in the longer-term.
  • Europe Green Steel Market Dynamics:
    Growth Drivers: Green steel is the manufacturing of steel without the use of fossil fuels.

EQS-News: Salzgitter Aktiengesellschaft: Salzgitter AG sells Salzgitter Bauelemente GmbH to FALK Bouwsystemen

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星期日, 十二月 18, 2022
Gesellschaft mit beschränkter Haftung, Sale, Motivation, Collective bargaining, Construction, Salzgitter, Growth, Agriculture, Risk management, Management

Salzgitter.

Key Points: 
  • Salzgitter.
  • FALK Bouwsystemen based in Ede in the Netherlands will be taking over Salzgitter Bauelemente GmbH (SZBE), effective January 1, 2023.
  • The takeover has now been contractually concluded, and the employees in Salzgitter have already been informed in a staff meeting.
  • Buyer FALK Bouwsystemen is a family-run company with around 150 employees, and thus twice the size of SZBE.

EQS-News: Salzgitter Aktiengesellschaft: Salzgitter Group delivers a pre-tax profit in excess of € 1 billion in the first nine months of 2022

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星期五, 十一月 11, 2022
Carbon, Supervisory board, Depreciation, European Commission, ROCE, Federal republic, Aurubis, EBT, Federalism, Salzgitter, Supervision, Tax, EBITDA, Risk management, Renewable energy

Construction work on the project has commenced, and the first orders have been placed for the equipment and facilities.

Key Points: 
  • Construction work on the project has commenced, and the first orders have been placed for the equipment and facilities.
  • As Gunnar Groebler, Salzgitter AGs Chief Executive Officer, comments: The summer of 2022 stood under the slogan of Green light for green steel.
  • We continue to adhere to our sales and earnings guidance for the financial year 2022.
  • Against the backdrop of numerous uncertainties, a first look at the new financial year is subdued, but not pessimistic.

EQS-News: Salzgitter Aktiengesellschaft: EU Commission declares the funding for Salzgitter AG’s low CO2 steel production permissible

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星期三, 十月 5, 2022
European Commission, Coal, Policy, Salzgitter, Carbon, Federalism, Federation, Salzgitter AG, 2018–2019 United States federal government shutdown, State, Federal republic, Online gambling

Salzgitter.

Key Points: 
  • Salzgitter.
  • The EU Commission has notified the application of Salzgitter AG concerning the funding of the SALCOS - Salzgitter Low CO2 Steelmaking transformation program and has therefore declared the state aid measures applied for to be compatible with European law.
  • Another essential precondition for the granting of the requested national funding has thereby now been set in place.
  • SALCOS is aimed at converting steel production at Salzgitter into low carbon crude steel production in three stages over the period up until 2033.

DGAP-News: Salzgitter Aktiengesellschaft: Green light for green steel

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星期三, 七月 13, 2022
Salzgitter, AG, Solution, Salzgitter AG, Executive, Trust, Supervisory board, Coal, Carbon, Pharmaceutical industry, Renewable energy

The early start to the measures that these funds permit will allow allegiance to the ambitious time plan for decarbonizing steel production.

Key Points: 
  • The early start to the measures that these funds permit will allow allegiance to the ambitious time plan for decarbonizing steel production.
  • As Gunnar Groebler, Chief Executive Officer of Salzgitter AG, states: We have set ourselves ambitious goals under our Salzgitter AG 2030 corporate strategy.
  • I am convinced that the timely implementation of SALCOS will generate competitive advantages for us in the green steel market.
  • The new facilities will enable us to produce 1.9 million tons of green steel a year.