Germany’s thyssenkrupp Materials Processing has assumed full ownership of Thyssen Ros Casares, a steel service centre in El Puig, South Eastern Spain, the company tells Kallanish.
The German company in the past had held a 50% share, but management was in the hands of the Ros family, from which the other half has now been acquired. The site in El Puig north of Valencia has an area of 39,000 m² on which it operates three slitting and two cutting lines. It processes hot-rolled, cold-rolled and surface coated steels, mainly for the automotive industry in the region, a spokesman says.
The Spanish site will now also be known as thyssenkrupp Materials Processing. The thyssenkrupp unit, headquartered in Krefeld, recently stepped up its expansion to form a Europe-wide service network, adding a site in Györ, Hungary, and another in Willich, Germany.
On the Iberian peninsula, the German group already operates cold-rolling mill Lamincer S.A. in Munguia, Spain with a potential annual output of 40,000t, and a warehouse in Portugal, Palmetal Armazenagem e Serviços in Palmela. Palmetal was established in 1993 to service Volkswagen, but today also has other customers.
thyssenkrupp took full ownership of both of the above companies in 2009, making them part of today’s thyssenkrupp Materials Processing business area.