EUROMETAL World Steel Distribution & SSC Summit [SAVE THE DATE]
EUROMETAL will convene its most important event, World Steel Distribution & SSC Summit, in Düsseldorf on 10-12 May 2017.
This event will be organized at HILTON Düsseldorf hotel.
It will start on Thursday 10 May 2017 at 18.00 hrs with inaugural speeches, followed by a meet and great reception.
The conference program will continue on 11 May 2017 with presentations during the whole day.
Finally the conference will end on 12 May with a site visit to strip electroplating specialist TATA Steel Hille & Müller, located in Düsseldorf.
Below you may find a first outline of the event flyer, including the planned conference program.
Finally, the flyer gives also a discreet hint on sponsoring opportunities related to this major event.
We offer three sponsoring alternatives: Platinum, Gold and Silver.
Sponsoring stands will be located just opposite to the conference room.
The meet and greet reception will happen inside the sponsoring area.
Schaeffler sells fine blanking business to Swiss tool maker
German automotive and industrial bearings supplier Schaeffler is selling its fine blanking business to Swiss tool maker Güntensperger in order to streamline its activities, the company said.
Schaeffler’s blanking business based in Romanshorn, Switzerland, part of the company’s industrial division, has 20 fine blanking lines and processes strip steel and non-ferrous metals. The business generated CHF 50 million (€46.6 million) of revenue in the previous business year. The details of the transaction were not disclosed, but the takeover is scheduled for finalisation in the first half of 2017.
The move is part of its cost savings measures through consolidation of plants in Europe and Americas. “The sale of the fine blanking activities is an important first step towards a concentration on our core competencies and portfolio optimization,” said Klaus Rosenfeld, CEO of Schaeffler.
While Schaeffler was able to continue its growth trend in Q3 (ending 30 September 2016), it was hampered by its industrial division. Whereas revenue in the automotive division grew by 2.6% year-on-year to €7.7 billion in the first nine months of the year, the industrial division saw a revenue drop of 7.1% y-o-y to €2.3 billion, hit by a weak industrial market in all regions. The industrial division accounts for 22.8% of Schaeffler’s revenue. Nevertheless, the company expects positive effects from steel price increases.
Laura Varriale, PLATTS