Acerinox to invest €67 million in VDM Metals, boosting powder production

Companies & MarketsNews
January 25, 2024

January 25, 2024

VDM Metals will receive a €67 million investment from parent company Acerinox (Courtesy VD Metals)
VDM Metals will receive a €67 million investment from parent company Acerinox (Courtesy VD Metals)

Acerinox Group, Madrid, Spain, has announced plans to invest €67 million in VDM Metals, its high-performance alloys (HPA) division. The funds will be allocated to German facilities in Unna, Altena and Werdohl, with three new remelting units and a second powder atomisation plant being built at the Unna site.

VDM Metals produces nickel alloys and high-alloy special stainless steels in sheet, strip, bar, wire and powder form. The investment will enable the company to expand production capacity across its range of products.

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VDM has represented the Acerinox’s HPA division since March 2020. In 2022, VDM Metals achieved a turnover of €1.262 billion and a record EBITDA of €125 million; finished goods production amounted to 44,000 tonnes. VDM Metals employs over 2,000 people worldwide, around 1,600 of whom work at the Unna, Altena and Werdohl sites.

www.vdm-metals.com

acerinox.com

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January 25, 2024

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