Largest investment of Salzgitter AG subsidiary in the history of the Company
Ilsenburger Grobblech GmbH (ILG), a subsidiary of Salzgitter AG, has now launched its “New Heat Treatment Line” project. This marks the largest single investment in the location to date.
A new heat treatment line is the main project component through which Salzgitter AG concentrates the heavy plate activities in Ilsenburg and positions them securely for future requirements. Implementation has been scheduled for the start of 2020. More than € 150 million is being invested.
The energy-efficient heat treatment line fulfills the highest standards placed on quality and flatness. With its extremely flexible cooling-down strategies, the integrated MultiFlex-Quench® enables the production of a broad product portfolio, including particularly sophisticated heavy plate grades. The materials spectrum comprises ultra strength carbon steels, wear resistant steels, steels alloyed with nickel, steels for the offshore construction of wind turbines, steel grades for pressure vessel construction, as well as case-hardened, quenched and tempered steels, to name a few.
Since taking over the site in 1992, the Salzgitter Group has invested more than € 200 million in Ilsenburg. Prof. Dr.-Ing. Heinz Jörg Fuhrmann, Chief Executive Officer of Salzgitter AG, made the following statement on the “New Heat Treatment Line” project: “This ground breaking investment evidences the clear commitment of the Salzgitter Group to steel production in Ilsenburg and proves that, with us, restructuring and future-proofing go hand in hand. It is also an expression of the appreciation and the trust that the Executive Board, the Group Management Board and the Supervisory Board have in the motivation, qualification and the loyalty of the workforce in Ilsenburg.”