Highlights of the Financial Year 2011
January
The steel industry focuses on the
topic of sustainability under the
motto of “Sustainable Building – Conserving
Resources”
and exhibits at
BAU in Munich. Salzgitter
AG is represented
at the world’s leading trade
fair for architecture, materials and
systems, together with its subsidiaries
Peiner Träger GmbH and Salzgitter
Bauelemente GmbH.
February
Prof. Dr.-Ing. Heinz Jörg Fuhrmann takes over
as Chief Executive Officer of Salzgitter AG on
February 1. He has held a number of different
positions in top management within the
company since 1996, most recently as head of
Finance and of the Technology Division. Prof.
Dr.-Ing. h. c. Wolfgang Leese, his predecessor,
goes into retirement after eleven successful
years of service to the company. The new Chief
Financial Officer is Mr. Burkhard Becker who
was head of finance at KHS GmbH prior to this
appointment.
March
The Executive Board releases the Annual Report 2010 on March
25 at the Annual Results Press Conference and subsequently
engages in intensive dialog with representatives of the capital
markets at well attended analyst conferences in Frankfurt
am Main and London. Following its successful turnaround, the
Group has entered a stable uptrend.
The commissioning of the second electric arc furnace of Peiner
Träger GmbH sees the crude steel capacity at the Peine location
double, and the flexibility of the Group’s supply of input materials
is considerably enhanced.
March 7 marks the death of Dr.-Ing. Wilfried Lochte, honorary
Chairman of the Supervisory Board of Salzgitter AG. For
Dr. Lochte the Group’s autonomy and profitability were the
sacrosanct prerequisites of its entrepreneurial activity.
April
“Smart Efficiency” is the key theme of this year’s
HANNOVER MESSE. Salzgitter AG exhibits at the
leading Industrial Supply Trade Fair with its showcasing
of materials and resources efficiency. Our
company presents Stroncoat
® as one of its highlights.
This zinc-magnesium hot-dip coating provides
improved corrosion protection with half the
layer of thickness previously required. Salzgitter
Flachstahl GmbH developed this coating together
with Salzgitter Mannesmann Forschung GmbH.
Minimized thickness achieves zinc savings and
improves resource efficiency in steel production.
May
Almost 600 shareholders and shareholder
representatives attend the General
Meeting of Shareholders of the
Salzgitter Group on May 26. They represent
33,049,938 shares, the equivalent
of 55 % of the voting capital. The items
on the agenda are approved by a large
majority, including the proposal for a
dividend payout of € 0.32 per share.
June
Alongside its Polish steel trading
company, other companies belonging
to the Salzgitter Group
exhibit at Posen’s industrial trade
fair, one of the most important
meeting points of the economy in
central and eastern Europe.
July
Steel companies from German-speaking countries,
including Salzgitter Flachstahl GmbH and
Hüttenwerke Krupp Mannesmann GmbH and
the European Confederation of Iron and Steel
Industries, bring charges before the European
Court of Justice in Luxembourg against unjustified
additional burdens from European emission
trading. These charges are directed against the
allocation of emission certificates as from the
year 2013 and not generally against the instrument
of emission trading.
August
“Was wäre die Welt ohne Stahl” (“Where would
the world be without steel”) – the Salzgitter
Group exhibits under this motto at Hanover’s
IdeenExpo. More than 300,000 children and
young people visit Germany’s largest interactive
natural sciences and technology event.
Once again Salzgitter AG is one of the largest
exhibitors, promoters and sponsors. The
Group contributes creative ideas and workshops
as well as the engagement of more than
200 employees, consisting mainly of trainees
and trainers.
September
Ilsenburger Grobblech GmbH (ILG), one of the companies belonging
to the Salzgitter Group, wins a contract for the delivery of around
70,000 tons of plate for the Meerwind offshore wind farm, one of the
largest single orders ILG has ever acquired. When the wind farm is
commissioned at the end of 2013, 80 offshore wind turbines will supply
360,000 households with electricity. This contract of Salzgitter AG
serves to demonstrate that steel as a material makes an indispensable
contribution towards promoting Germany’s renewable energy
policy and raising resource efficiency.
KHS GmbH, a wholly-owned company of the Salzgitter Group and
one of the world’s three full-line suppliers of holistic system solutions
in the beverages industry, presents its “Fit4Future” initiative.
The company’s aim is to attain technology and service leadership
in conjunction with profitable growth. Utmost priority is placed
on intensifying customer proximity and sharpening the company’s
competitive edge.
October
Salzgitter AG signs a contract for the takeover of
STAHL-METALL-SERVICE Gesellschaft für Bandverarbeitung mbH.
This measure supplements the existing steel service center
activities of the Group by adding a location in southern
Germany.
The last train carrying 100 North Stream pipes leaves the
EUROPIPE large-diameter pipes mill in Mülheim an der
Ruhr on October 13. The North Stream Project is one of
the largest and most complex offshore gas pipelines ever
built. EUROPIPE GmbH was one of the main pipeline suppliers
for the two sections of the pipeline, both 1,224 km
long. The pipelines were manufactured over a period lasting
from April 2008 to September 2011.
November
David McAllister, Minister President of Lower Saxony
and guest speaker at the Group Works Council Conference,
takes an unmistakably clear stand in announcing
the federal state’s allegiance to Salzgitter AG: “The
federal state’s participation in Salzgitter AG has more
than proven its worth in the light of the company’s
performance. It will not be touched!”
KHS GmbH exhibits at Brau Beviale, the beverage
industry’s trade fair in Nuremberg. The trade fairs
stand devotes special attention to the newly developed
platform solution for filling glass bottles. Contracts
were signed while the exhibition was still
running.
December
The last Supervisory Board meeting of the year
takes place on December 15. Along with the current
development of business, the Executive
Board presents the corporate planning for the
years 2012 to 2014. In addition, the Supervisory
Board approves the “ILG 2015” investment program
amounting to around € 40 million. The implementation of this program will strengthen
Ilsenburger Grobblech GmbH’s position in the
league of European heavy plate rolling mills and
enable it to produce the whole product spectrum
for offshore wind tower projects.
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