SALZGITTER AG - Spanish automotive supplier chooses low CO2 SALCOS® steel
The automotive manufacturer Gestamp Automoción S.A. and Salzgitter Flachstahl GmbH have signed a memorandum of understanding (MOU). In the future, Gestamp will rely on low-CO2 steel produced using SALCOS® process and investigate the establishment of circularity routes, for example, combining steel deliveries to Gestamp´s European plants (such as Germany) with the return of scrap from these sites.
SALCOS® - Salzgitter Low CO2 Steelmaking - is the transformation program pursued by the Salzgitter Group in order to progressively convert its steel production to hydrogen-based processes by 2026. It aims to achieve almost fully CO2-free production by 2033. This undertaking includes replacing the conventional blast furnace method with direct reduction plants and electric arc furnaces.
Salzgitter Flachstahl is already able to provide its customers with low-CO2 steel via the so-called Peiner route. This involves producing slabs from high-quality steel scrap using the electric arc furnace at the company's Peine site. Along with the agreement, both companies will investigate the establishment of circularity routes that supply Salzgitter with scrap collected from Gestamp plants for the production of low-CO2 steel.
Gestamp is a long-standing partner of Salzgitter Flachstahl and primarily purchases hot-rolled and cold-rolled flat steel products. These products are mainly dispatched to Gestamp's locations in Germany but are also shipped to the USA and Argentina.
Javier Imaz CPO (Chief Purchasing Officer) at Gestamp: "The partnership between Gestamp and Salzgitter supplying low-emission steel and the opportunity of establishing circularity routes to return scrap for the production of SALCOS® is a progression towards the decarbonization of the industry, towards a Net Zero car."
Dr. Ralf Koch, Head of Automotive Industry Sales at Salzgitter Flachstahl GmbH: "With our SALCOS® products, we have offered Gestamp the opportunity to supply its customers with low-CO2 steel as from 2026 and become a pioneer of the route to climate-neutral products."
About SALCOS®:
https://salcos.salzgitter-ag.com/en/index.html
About Salzgitter
Salzgitter AG ranks as one of Germany's leading steel and technology groups.
As a pioneer in the circular economy, we focus on sustainable innovation and on transforming products and processes in the business units of Steel Production, Steel Processing, Trading and Technology.
With our "Salzgitter AG 2030" strategy and anchored in the principle of "Pioneering for Circular Solutions", we are setting new benchmarks in the industry. Our aspirations are realized through strong initiatives and programs such as SALCOS® - Salzgitter Low CO2 Steelmaking. Through partnerships and in networks, we are actively driving the process of development towards a circular economy.
With around 25,000 employees worldwide at 150 national and international subsidiaries and associate companies, we live up to our global aims for growth, profitability and our pioneering position. In the financial year 2022, we generated external sales of around € 12 billion, with a crude steel capacity of 7 million tons.
About Gestamp
Gestamp is a multinational specialized in the design, development, and manufacture of highly engineered metal components for the main vehicle manufacturers. It develops products with an innovative design to produce lighter and safer vehicles, which offer lower energy consumption and a lower environmental impact. Its products cover the areas of BiW, chassis and mechanisms.
The Company is present in 24 countries with more than 115 production plants (5 of those under construction), 13 R&D centers and a workforce of more than 44,000 employees worldwide. Its turnover in 2023 was around €12 billion. Gestamp is listed on the Spanish stock exchange under the ticker GEST.
Thorsten Moellmann
Head of Communication & Brand
Phone: +49 5341 21-2300
moellmann.t@salzgitter-ag.de
Olaf Reinecke
Konzernpressesprecher
Telefon: +49 5341 21-5350
reinecke.o@salzgitter-ag.de
Miguel Bañón Penalba
Content and Media Relations Manager
Phone: + 34 619 406 058 / + 34 658 508 731
mbanonpenalba@gestamp.com
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Salzgitter AG published this content on 05 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 June 2024 11:01:07 UTC.
