Producing around 1.2 million square meters of steel sandwich elements a year, the plant will supply customers not only in Hungary but also in the Czech Republic, Slovakia, Ukraine, Romania, Bulgaria, Serbia and Croatia. The investment volume for the new production site amounts to €8 million (about $11.9 million). The new plant will supply the booming construction markets of Hungary and the neighboring countries as well with a yearly production capacity of 16,000 tons of steel panels.
With this investment, ThyssenKrupp Steel aims to meet the rapidly growing demand for steel sandwich elements in the construction industry in Central and Eastern Europe. “We forecast annual growth rates of 10% for sandwich products up to the year 2012 and aim to achieve a 15% market share,” said Dr. Jost A. Massenberg, Executive Board member of ThyssenKrupp Steel AG, at a press conference held at the opening of the plant.
Steel sandwich elements consist of two steel face sheets firmly bonded with a rigid polyurethane foam core. The products are used for industrial and commercial buildings, office and administration buildings, parking garages, public buildings, gymnasiums, power plants and cold storage facilities. The construction elements offer outstanding thermal insulation and low weight. Available in various profiles and with a wide range of colored and functional coatings, the products meet the most demanding architectural requirements.
ThyssenKrupp Építőelemek Kft will process coated flat-rolled steel supplied by ThyssenKrupp Steel’s German operations. Its product range comprises ems cold room panels, Hoesch Thermowand thermal wall elements, Hoesch Thermodach thermal roof elements and Hoesch Isowand wall panels. The company has already been operating successfully as a sales company for construction elements in Hungary for twelve years and currently employs 30 people. (NG, azom.com)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
