in this issue in this issue Welcome! Salzgitter AG – Steel and Technology – has been active as a stock market listed company for 10 years. In the course of this time, the overriding corporate goal has remained unchanged: maintaining entrepreneurial independence through profitability and growth. Bernd Gersdorff, The Group has undergone Head of Corporate some remarkable developments Communications in the process. Following the major growth step in the year 2000 with the acquisition of Mannesmannröhren- Werke, as well as portfolio additions in the divisional areas of steel, trading and tubes, Salzgitter has advanced to a new dimension in the meantime. Since 2001, the share has been listed on the MDAX and has impressed with its far above-average performance, also in competitive comparisons. And we continue to write new chapters in the “Made in Salzgitter” success story: In 2007, we acquired Klöckner-Werke AG, a manufacturer of special machinery, filling and packaging systems. These activities now form the core of the new Technology Division. In order to increase our competitive strength and secure our key locations, the Group will be committing an investment volume of 1.7 billion euros over the next years to equipment, plants and processes. The topics featured this time in stil revolve around the present and future of the Salzgitter Group, as well as the people who work here. These topics are not only presented as facts, figures and interviews, but also through entertaining reports from all corners of the globe. Two double-page spreads at the front and back of the magazine are dedicated to how our employees see themselves and their colleagues. These, in the best sense of the word, nonprofessional snapshots emphasize our people’s strong connection and identification with our company. Incidentally, the title stil – the letters stand for “Steel”, “Technology”, “Innovation” and “Life” – is a German play on words. stil is pronounced like the English word “steel”, but its meaning also implies “style”, in the sense of good taste, aesthetics and cosmopolitan flair. We hope you enjoy reading our magazine! Steel Coiled for customers: Coils at the Salzgitter Logistics Center Petrol Heads Tracking down vintage cars in the uSA Trading A visit to Houston <strong>Dr</strong>. Wolfgang Leese, Chairman of the Executive Board of Salzgitter AG PEOPLE 2 We are Salzgitter SALZGIT TER 6 Chairman of the Executive Board <strong>Dr</strong>. Wolfgang Leese: “Our objective is continous improvement” NEWS REPORT 10 Petrol heads: stil accompanied two Germans who source coveted automobiles of yesteryear and ship them to Europe HSD steels for the automobile manufacturing of the future TuBES 18 Strong demand for Mannesmann tubes across the globe: current projects in Europe and the Near East SALZGIT TER 22 Executive Board member Finance <strong>Dr</strong>. <strong>Heinz</strong> <strong>Jörg</strong> <strong>Fuhrmann</strong>: “We couldn't wait for Prince Charming” TECHNOLOGy 2 Growth and diversification in technology: Salzgitter AG has now increased its stake to 86 percent of capital stock STEEL 28 Salzgitter Steel Strategy 2012: On the offensive with high-quality products. Wide-ranging investment program in steel SALZGIT TER 30 New large-scale equipment for research. All-new forming press, test rolling mill, hot dip galvanizing simulator and an annealing simulator GO: The Salzgitter AG Generation Inspiring the next generation with a love of technology: Salzgitter AG addresses school pupils and students TRADING 3 “Demand in India is set to increase” Interview with Executive Board member <strong>Heinz</strong> Groschke The market in Asia: From importer to exporter. How the steel market in China has changed in the course of a few years A visit to Houston: Salzgitter Mannesmann International uSA. The Texan metropolis has become the center from which the Group serves the American market PEOPLE 2 We are Salzgitter Published by: Salzgitter AG, Eisenhüttenstr. 99, 38239 Salzgitter, telephone: 00 9 (0) 3 1 / 21- 01, www.salzgitter-ag.de. Overall responsibility: Bernd Gersdorff (Corporate Communications). Coordination: Olaf Reinecke. Magazine orders: Michaela Kruffke, kruffke.m@salzgitter-ag.de. Realization: <strong>Schau</strong> verlag GmbH, Grüner Deich 1, 20097 <strong>Hamburg</strong>, telephone: 00 9 (0) 0 / 32 87 27 - 0, info.stil@schauverlag.de. Editor-in-chief: Carsten Wurr. Layout: Katharina Osterwald. Printed by: Ruth Printmedien GmbH, 3811 Braunschweig. Translations: Baker & Harrison, Munich stil stil stil PHOTOS: uDO BOJAHR / SIG-BEvERAGES / CARSTEN WuRR