Expects to achieve a recurring annual target of €100 million in Ebitda between 2024 and 2026
MADRID, 11 Ene. (EUROPA PRESS) –
Acerinox will invest 67 million euros in its high-performance alloys division, VDM Metals, which will increase its sales by 15% thanks to this new commitment to products with greater added value, as reported this Thursday by the company to the National Commission of the Stock Market (CNMV).
The company, which has also presented its new ‘Excellence Plan’, has framed this investment in its strategy towards the development and expansion of high added value products.
The steel group has also assured that these investments “will reinforce integration, since they will allow high-performance alloys to be processed in the stainless steel manufacturing facilities in Campo de Gibraltar and increase the range of products.”
Among the projects, the firm has mentioned the expansion of three remelting ovens, the updating of an annealing and pickling line and a defect detection line for bars.
In parallel, Acerinox has presented its ‘Beyond Excellence’ plan, which it has considered an “ambitious and comprehensive operational excellence program between 2024 and 2026.”
Specifically, the main objective of the plan, as stated by Acerinox, is to enhance the group’s comprehensive competitiveness through continuous improvement projects that will be implemented in all factories between 2024 and 2026 through digital transformation, interfunctional collaboration and commitment to innovation.
Among the objectives of the program, the company has explained that they include, among others, achieving a recurring annual objective of 100 million euros in gross operating result (Ebitda) between 2024 and 2026, as well as deepening the culture of “continuous and innovation” throughout the organization, aligned with management by objectives.
Both the investments in VDM Metals and ‘Beyond Excellence’, which is based on six pillars – decarbonization, efficiency, development of new types of products, productivity and automation, quality and customer service and purchasing – are part of the plan strategic of Acerinox.
