Download - Salzgitter AG

July 2
Salzgitter AG and Vallourec S.A. sign the final agreements on the takeover of the precision tube manufacturer
Vallourec Précision Etirage S.A.S., France. This acquisition makes the Salzgitter Group a leading
European supplier in the precision tubes business.
July 5
Salzgitter AG takes over another 78% of the shares of Klöckner-Werke AG and, together with its
previously acquired 5% participation, now holds 83% of the share capital. Klöckner-Werke AG is a
global leader in the construction of beverages filling lines and packaging equipment. The companies
of this group form the core of the new “Technology” Division. The investment has meanwhile been
raised to approximately 86%.
August 9
Stable economic growth makes for an extremely positive environment for the sale of rolled steel and
tubes products in the second quarter of 2007 as well. Salzgitter AG exceeded all sales and profit
benchmarks set to date for a half-year period. Sales climbed 17% to € 4.72 billion (first half-year of
2006: € 4.03 billion). Pre-tax profit of € 663.6 million, generated fully from operations, delivered an
impressive increase over the already extremely high previous year’s figure (€ 437.9 million).
November 8
Nord Stream AG and Europipe GmbH, a company jointly held by Salzgitter AG and Dillinger Hütte,
signed a contract for the delivery of steel tubes for the construction of the Nord Stream Pipeline.
Europipe GmbH will supply around 75% of the tubes (860,000 tons) for the first section of the 1,200 km
long pipeline from Wyborg in Russia through to Lubmin in Germany, as well as parts of the second
pipeline along the coast of Russia and Germany.
November 14
Demand for rolled steel and tubes products continued to run high in the third quarter of 2007.
Against this extremely positive economic background, the Salzgitter Group set new record figures in
sales and operating profit for a nine-month period. All divisions contributed to lifting sales by € 1.29
billion to € 7.50 billion (9 months 2006: € 6.21 billion). An additional factor was the first-time consolidation
of Klöckner-Werke AG, which was acquired at the start of the third quarter, and of Vallourec
Précision Etirage S.A.S. Pre-tax profit of € 980.4 million generated by operations outstripped the
previous year’s figure by 48 % (€ 661.5 million; excluding € 907 million from the sale of the Vallourec
participation).
November 20
With its construction of a new Technical Center, which will include the large scale equipment and
machinery laboratories of Salzgitter Mannesmann Forschung GmbH, Salzgitter AG is set to reinforce
its position as a premium supplier of steel materials. This institution will form the core of the research
company where the most important research and development activities are concentrated. Around
€ 11 million was invested in a number of large scale machines and equipment and in buildings at the
Salzgitter location. The Group now holds a leading position in Europe in application-oriented steel
research and development.
8 9