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3. Management and Control of the Company, Goals and Strategy
Goals
The overriding goal of Salzgitter AG remains, as before:
Preservation of entrepreneurial independence through profitability and growth.
We strive to secure the company in its stand-alone position through selective, profit-oriented growth
with a return on capital employed which exceeds the average for the sector, a sound financial base
and a healthy balance sheet structure.
The basis for achieving these objectives are customer orientation and the resulting good position
of the company in selected segments in the market, as well as a range of products with high qualitative
and technological standards supplied at competitive conditions. We intend to achieve these goals with
our qualified workforce. Future-oriented training and the systematic career advancement of our junior
staff members and our managers help fulfill this aspiration. In this process, an important factor is
securing jobs with appropriate payment. An essential part of this task continues to be the environmental
compatibility of our production in conjunction with the prudent use of material resources.
We have channeled all our efforts towards guaranteeing a sustained increase in the value of the
Salzgitter Group, now and in future.
In the financial year 2007, the Salzgitter Group forged ahead in its strategic development by concentrating
on the growth markets of steel, tubes and trading supplemented through further diversification
in the form of a new division: the Technology Division. The core of this Division is formed by the companies
of Klöckner-Werke AG (KWAG) which we acquired with a majority holding at mid-year.
On principle, we review external possibilities for growth in respect of their ability to contribute to
further optimizing the company portfolio with regard to raising profit in the medium- and long-term.
A hurdle to an investment is, however, the currently historically high prices paid for established
companies. This is the reason why we are currently striving to attain our growth targets through
investments aimed at promoting internal growth, as illustrated in the following sections.