Both projects fall within the framework of Acerinox’s Strategic Plan and reinforce two of its pillars: Added Value, thanks to the new investments in VDM Metals, and Excellence, through the Beyond Excellence program. The projects will also have a direct impact on the plan’s other two pillars: Sustainability and Financial Strength.
Acerinox focuses part of its strategy on the development and expansion of high-value-added products through investments in VDM Metals valued at 67 million euros. These investments will increase the division’s sales by 15%.
These investments will also strengthen integration by allowing the processing of high-performance alloys at the stainless steel manufacturing facilities at Campo de Gibraltar and increasing product range.
The projects include the expansion of three remelting furnaces, the upgrade of an annealing and pickling line, and a defect detection line for bars, to name a few.
Among the approved projects is the installation of a second powder atomizer for additive manufacturing (3D printing). This investment will double the production capacity of this material, allowing growth in a market in which VDM Metals is already a highly valued supplier among customers. VDM will collaborate on this technology with the most prestigious equipment manufacturers.
Acerinox is betting on the growth of this sophisticated material that is in high demand, taking a step forward in its strategy of manufacturing higher-value-added products and providing solutions for the stainless steel and high-performance-alloys markets.
The Acerinox Group continues driving excellence through its Beyond Excellence program. The main objective of this plan is to improve the Group's overall competitiveness through initiatives for continuous improvement that will be implemented at all factories between 2024 and 2026. These initiatives will be based on digital transformation, interdisciplinary collaboration, and a commitment to innovation.
The plan is built around six pillars (Decarbonization; Efficiency; Development of New Product Types; Productivity and Automization; Quality; and Customer Service and Purchasing), with specific objectives for each of these areas. It is set in motion with the following purposes:
To this end, the Group has identified new projects for 2024 that will focus on the following areas:
Both the investments in VDM Metals and the Beyond Excellence Plan fall within the framework of Acerinox's Strategic Plan.