For more than 150 years, the companies of the Salzgitter Group have been synonymous with the innovative and sustainable manufacture of steel and technology products. What started with the idea of making iron and steel from ore sourced in Lower Saxony has evolved into a international group that includes world-renowned brands such as Peiner Träger, Mannesmann or KHS. Today, around 25,000 people work to provide customers from a range of sectors with innovative and sustainable products of the highest quality. Our core competencies are in the production of rolled steel and tube products, as well as their processing and the global trade in these goods. In addition, we are also successful in the field of specialist machinery and plant Engineering.
Around the globe, over 150 subsidiaries and participations now belong to the Salzgitter Group. We are present around the globe with our international production and service sites and demonstrate also geographical closeness to our customers.
The divisions comprise the operating companies which independently develop market, customer and product-related business activities and operate with a high degree of decision-making autonomy.
In addition, it has industrial holdings, including the leading European copper producer Aurubis, as well as numerous service companies that are not assigned to any business segment.
Independence is the cornerstone of our group policy. This is the basis for our strategic initiatives with a long-term horizon. We do not see ourselves as a world champion in announcing speculative measures to increase the share price in the short term, as we believe that these are not suitable for increasing the value of our company in the long term. We are looking for sustainable growth potential and, with the acquisitions of Mannesmannröhren-Werke AG and Klöckner-Werke AG and the successful "Salzgitter AG 2015" optimisation programme, we have already demonstrated the superior benefits of a long-term corporate strategy on several occasions.
For us, this also includes a down-to-earth financial policy. A solid balance sheet and capital structure is important to us in order to have sufficient financial manoeuvrability to successfully pursue opportunities as they arise, regardless of capital market sentiment. We consider this to be an indispensable prerequisite for realising a sustainable increase in value for our shareholders.
Further information on our basic strategic orientation and current objectives can be found in our annual report.
The prudent utilization of resources is an essential prerequisite for the economic success of our Group, not least from a financial point of view. For example, the byproduct gases from the steel production in the Salzgitter iron and steel works are used in the company’s own power plant to generate electricity and process steam. Our modern steels also play a decisive role in lightweight engineering in many industries, while our special machinery producers are also constantly working to optimize the resource consumption of their products.
Up to date information on environment protection activities throughout the Salzgitter Group is available within our Non-financial Report.
According to our understanding, however, sustainability extends far and beyond merely minimizing the input of raw materials:
Demographic developments are making it essential to react in good time with suitable measures to the changing age structure of the workforce. The Salzgitter Group therefore not only relies on focused training and professional development programs for young employees, but also on the specific promotion of health among the workforce. We believe that our attractiveness as an employer is an important factor in the overall competitiveness of the Group.
More information on this area of our work is available within our Non-financial Report.
All of these aspects are reflected in the YOUNITED corporate guidelines which our employees were closely involved in developing. These guidelines were published in 2014 and describe the basic principles and aims of all our common activities at work.
The second pillar of philosophy is innovation. Our companies have always developed revolutionary products and services – from seamless tubes and wide flanged beams through to groundbreaking packaging systems for PET bottles (Nature MultiPack™) and the digital marketing of steel products (e-Shop | Salzgitter Mannesmann Stahlhandel). Our innovation, however, is not only limited to our final products.
With Salzgitter Mannesmann Forschung GmbH, the Salzgitter Group boasts one of the leading research centers for the material steel. Numerous steel grades and innovative production processes have been developed here. Moreover, our research also flows into supporting our customers in their own product developments.