The automotive industry is celebrating its 125th birthday

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view hot strip 4 compact 2/2011
Investment in quality The aims of the 300 million euro investment by ThyssenKrupp Steel Europe in its European flat steel business are to modernize the production facilities and increase efficiency. The money is specifically being invested in the steel company’s three hot strip mills in Duisburg and Bochum. The plants mainly supply starting material for lightweight high-strength steels which are very much in demand in the automotive industry and mechanical engineering. It is intended to invest approximately 20 million euros in the optimization of the narrow strip mill at Hoesch Hohenlimburg. “The investments are enabling us to improve our performance, particularly in terms of quality,” says Dr. Ulrich Jaroni, the responsible Executive Board member of ThyssenKrupp Steel Europe, stressing the clear commitment to Germany as a production location. “We are safeguarding our position as technology and margin leaders with the financial injection.” The modernization is to be completed within the next two years. In addition, work is to be commenced on the relining of the Schwelgern 2 blast furnace in Duisburg during this period. The costs of this are estimated to be approximately 200 million euros. Photo: Karsten Enderlein hot strip view compact 2/2011 5
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The automotive industry is celebrating its 125th birthday

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