Executive Summary of the Financial Statement of ... - Saarstahl AG

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32 Increased investment activity In 2011, total investments of € 95 million at Dillinger Hütte were again considerably above those of the previous year (€ 73 million). The expansion of Hall 5 (casting bay), where the new ingot casting area will be located in future, and a new crane system represented a key investment in the steel plant. In addition, the below grade work for the revamping project of vacuum plant 1 (secondary metallurgy) was started and largely completed in 2011. The assembly of the plant will take place in 2012. The most important focus of investment activity is the new two-strand con tinuous casting plant “CC6”, whose commissioning is scheduled for the first half of 2014 and whose approx. € 300 million price tag make it the most expensive single investment ever at the Dillingen site. Preparations for the below grade work were carried out in 2011. “CC6” will ensure the supply of slabs to the two heavy plate rolling mills in Dillingen and Dunkerque and will further consolidate Dillinger Hütte’s position as a leading manufacturer of heavy plate. Management Report Holding Company Saarstahl AG | Most important participations A key aspect in the rolling mill was the strengthening and redesign of the roughing stand cooling bed to improve slab handling. To optimise the capacity utilization of the transverse cranes, the delivery roller table of twin trimming shears 2 was lengthened by 101 metres and the required measures taken for the direct transport of the 450-mm slabs to the roughing stand. In September 2011 it was also decided to invest approximately € 9 million in the construction of a second modern plate-edge milling machine in the heavy fabrication division. This machine will allow precise, mechanically prefabricated plate edges to be milled with high accuracy. These products can be used, for example, for pressure vessels and offshore foundations. The commissioning is scheduled for mid-2013.
Semi-finished products, ready for shipping to the customer. Management Report 33
Page 1 and 2: Executive Summary of the Financial
Page 3 and 4: Key figures at a glance . . . . . .
Page 6 and 7: 6 Members of the Supervisory Board
Page 8 and 9: 8 Management Report of the Saarstah
Page 10 and 11: 10 the financial crisis and the Fuk
Page 12 and 13: 12 Increase in equity Total assets
Page 14 and 15: 14 Thanks to the modern Mecana test
Page 16 and 17: 16 0 143 33 53 57 31 Dec. 2010 31 D
Page 18 and 19: 18 Saarschmiede GmbH Freiformschmie
Page 20 and 21: 20 be used to manufacture cement. T
Page 22 and 23: 22 Procurement company transferred
Page 24 and 25: 24 Production has risen again The p
Page 26 and 27: 26 Burbach rolling mill The Burbach
Page 28 and 29: 28 ROGESA Roheisengesellschaft Saar
Page 30 and 31: 30 Saarschmiede GmbH Freiformschmie
Page 34 and 35: 34 Consolidated financial statement
Page 36 and 37: 36 Consolidated profit and loss sta
Page 38 and 39: 38 Statement of the Group’s share
Page 40: Imprint Publisher: Saarstahl AG 663

Executive Summary of the Financial Statement of ... - Saarstahl AG

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