14 March 2023

thyssenkrupp Steel is systematically continuing to implement its Strategy 20-30: the ceremony to mark the laying of the foundation stone for the new annealing and isolating line was held today at the Bochum site. The modern and energy-efficient unit will be capable of producing even thinner electrical steel strips with particularly homogeneous mechanical and magnetic properties. The electrical steel is designed to meet the requirements of highly efficient motors used primarily in electric vehicles. With this goal in mind, the plant will produce up to 218,000 metric tons of non-grain-oriented electrical steel per year in the future. The investment amounts to about 150 million euros. The project partner is the plant builder SMS group from Düsseldorf. The unit is scheduled for completion by 2024.

Link to press release
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