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At the same time, the preparations for thyssenkrupp Steel are underway for the construction of the first direct reduction plant in Duisburg, which will enable more than 3.5 million tons of CO2 per year to be avoided in future. SMS will take over the construction site in the fall and start con- struction work, which will be a challenge given the confined space.
“We are fully on track with our #turning- metalsgreen mission,” says Jochen Burg. “We are not only relying on major reference projects, but also offering sustainable solu- tions that are suitable for all steel produc- tion routes. This secures us a key role in the green transformation of the industry.”
Spotlight on competitiveness
Last year, SMS increased its investments in competitiveness to 151 million euros (previous year: 129 million euros). One key investment is the construction of a new production facility on the west coast of India to further strengthen the company’s presence in this strategically important market. The workshop will commence op- eration next year.
Another focus is on further decarbonization solutions. For example, SMS is developing
a process called EASyMelt that allows CO2 emissions to be radically reduced, and that goes for the conventional blast furnace process too. “Our aim is to differentiate ourselves from the competition through in- novative technologies. That being said, new technologies must also always contribute to the profitability of the company,” says CEO Jochen Burg.
In May this year, the opening ceremo-
ny was held for the new SMS Campus in Mönchengladbach, which offers attractive workplaces for more than 2,000 employees.
SMS looking ahead with optimism
For the current fiscal year, SMS expects sales to increase further to 3.8 billion eu- ros. At the same time, the aim is to achieve a significant rise in the operating result and an EBTA margin of at least seven percent by 2027.
Press releases
SMS group GmbH
Ohlerkirchweg 66
41069 Mönchengladbach Germany
Tel: +49 2161 350 0 communications@sms-group.com www.sms-group.com
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ITAtube Journal July 2024
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