German company to construct new production line
Germany, Bochum: Thyssenkrupp Steel has announced that it has commenced the construction of an electric strip annealing and insulating line.
Image source: Thyssenkrupp Steel
Germany, Bochum: Thyssenkrupp Steel has announced that it has commenced the construction of an electric strip annealing and insulating line.
The new manufacturing line at the company’s Bochum site will require an investment of about $159 M (€150 M) and will be capable of producing even thinner electrical steel strips with homogeneous mechanical and magnetic properties. The plant will thus reach an annual production capacity of up to 218,000 MT of non-grain-oriented electrical steel.
The project partner is the plant builder SMS Group from Düsseldorf, and the line is scheduled for completion by 2024.
“This new multi-million investment by thyssenkrupp Steel will secure the site and jobs in Bochum. We are delighted at this, and at the same time it shows that Bochum is also a location for sustainable production with a bright future,” says Rouven Beeck, Managing Director of Bochum Wirtschaftsentwicklung (Bochum Economic Development).
Source: Thyssenkrupp Steel
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