Acerinox to invest €67 million in VDM Metals, boosting powder production
January 25, 2024
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.
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.
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