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A Group Management Report and Management Report on <strong>Salzgitter</strong> <strong>AG</strong> II. Profitability, Financial Position and Net Assets 114 115 The major investment to expand the range of gauges in tubes production at the Hamm plant, which was successfully concluded by mid-2007, enables MFR to produce tubes up to an external diameter of 609 mm (24"). A seam annealing unit and an extruder have been procured for the same location. The plant at Siegen replaces the existing tube welding plant with a transistor-type welding machine that corresponds to the latest technology and installed a corrosion protection plant. The latter makes it possible to expand the program of oilfield tube product range. Within the newly formed SMP Group, we forged ahead with the restructuring of the hot tube rolling mill (MRS) in Zeithain. Instead of the piercing press that has been used to date, a three-roll piercing mill has been combined with a push bench for the first time in the world. This enables the production capacity to be raised significantly and also secures long-term supplies of input materials for the precision tubes companies. ROB modernized its heat treatment installations and installed a machinery and order data recording system that enables orders to be monitored better as well as the production processes to be documented continuously and makes them more transparent. DMV reacted last year to the exceptionally good economy with strategic expansion investments, particularly in the area of boiler tubes, so that the Group’s production capacity in this segment is set to grow significantly. With this in mind, two pilgering machines were reactivated in Remscheid that provide the requisite capacity for the planned extra production. Additional projects were aimed at further specialization, optimizing supply performance and strengthening competitiveness. The companies in the Technology Division focused on process optimization in their facilities and on coordinating its installed machinery and plants during 2007. To this end, their priorities were to strengthen existing potential rather than to make acquisitions. Given the process of standardization under way across the Group, additional investments were made in software, and particularly in research and development, which led to an extensive list of patent-protected innovations. The focus of investment in property, plant and equipment in 2007 was setting up new production halls for the building of labeling machines, assembly and packaging at the Dortmund location. A new manufacturing center for large machinery components was built at Bad Kreuznach. Various high-precision lathes, milling machines and drilling machines were also procured. Profitability, Financial Position & Net Assets
The Services Division realized a number of investment projects, which, besides the replacement of equipment, also included capacity expansion measures that contribute to an improvement in logistics and open up new opportunities in the research and development area. Key projects included the construction of a production hall (SZST), the procurement of special vehicles for the transportation of scrap (VPS) and the creation of a new Technical Center for applied steel research (SZMF). A summary of the investment volume of the divisions is shown in the chart below: Investment in Property, Plant and Equipment by Division 2007 385 2006 236 0 100 200 300 400 500 in € mil. Steel Trading Tubes Services Technology Other
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Annual Report 2007 Financial Year f
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1) 2006 included in “Other region
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Highlights of the Financial Year 20
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Contents The Salzgitter Group 5 Key
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Preface by the Executive Board Ladi
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The financial year 2007 was another
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Report of the Supervisory Board The
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Alongside the extensive investment
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Corporate Governance Report Corpora
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In order to prepare its decisions,
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Transparency To ensure that shareho
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What does it feel like to steer 100
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A Group Management Report and Manag
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94.9% 94.9% 51.0% 94.8% A Group Man
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1) Including amounts provisioned fo
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1) The amounts presuppose that the
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“I wish I could also sleep in it.
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3. Management and Control of the Co
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Groupwide Investment Volume 1996/19
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The Group’s excellent performance
Page 61 and 62: Management and Control Instruments
Page 63 and 64: in € mil. FY 2007 FY 2006 EBT 1,3
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Page 67 and 68: “For a whole year we really did e
Page 69 and 70: “We could only imagine making the
Page 71 and 72: Sources: XETRA closing prices, DBAG
Page 73 and 74: 1) All data as per December 31 2) C
Page 75 and 76: “At first I had no idea what it w
Page 77 and 78: R&D expenses by Division Steel 47%
Page 79 and 80: Continuous strip casting Together w
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Page 86 and 87: Steel Division environmental expens
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Page 103 and 104: Core workforce 1998 Steel 10,471 Tr
Page 105 and 106: Generation campaign A Group operati
Page 114 and 115: 4. Earnings Steel Trading Tubes Ser
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Page 121 and 122: 5. The Divisions As the management
Page 123 and 124: Steel Division Shipments 0 1,000 2,
Page 125 and 126: 1) Excluding intercompany deliverie
Page 127 and 128: SMHD Group made the major contribut
Page 129 and 130: Tubes Division The companies belong
Page 131 and 132: capacity utilization throughout the
Page 133 and 134: Services Division The companies bel
Page 135 and 136: 1) Sales in own segment and in othe
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Page 139 and 140: How does steel serve science? What
Page 141 and 142: “Our motto is ‘I discover.’
Page 143 and 144: “For a long-span roof constructio
Page 145 and 146: 6. Profitability Improvement Progra
Page 147 and 148: “They just loved the experiments.
Page 149 and 150: 7. Financial Position Financial Man
Page 151 and 152: 8. Net Assets The total assets of o
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Page 155 and 156: Disclosures pursuant to Sections 28
Page 157 and 158: 10. General Statement on the Econom
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2. Individual Risks Environment and
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Financial Risks A Group Management
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GDP Germany: Forecast Range 2008/20
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Power Plant Capacity Trend GW 8,000
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4. Anticipated Financial Position W
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6. Overall Statement on the Perform
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Why is it worth listening to what a
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“We listen to the bridge - 24 hou
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B Consolidated Annual Financial Sta
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II. Consolidated Balance Sheet Asse
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IV. Cash Flow Statement (43) Cash F
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The Services Division includes DEUM
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(46) Related Party Disclosures In a
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(49) Waiver of Disclosure and Prepa
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VI. Auditor’s Report This report
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I. List of Company Abbreviations SZ
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II. Glossary Business and Financial
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F Forfaiting Sale of export receiva
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Technical Terms A Annealing furnace
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Pilger rolling Conventional step-fo
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III. Financial Calendar of Salzgitt
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IV. Editorial Details and Contact C
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