ThyssenKrupp VDM, a Inoxum Group’s company, has planned to make €30 million investment to upgrade its manufacturing site in Siegen, Germany. The company has received a contract to renovate the four-high hot rolling mill to latest technological standards. The new modernized mill is expected to begin operation in mid 2013.
The mill produces heavy titanium and nickel alloy plates used to construct pipes and tubes for chemical facilities and pipeline systems for the oil and gas industry. In addition, the plates are used in fuel cells, turbines, power stations and seawater desalination plants. For ThyssenKrupp VDM, plate is a key product area for development as the product can be offered in sizes that are unavailable in the global markets. The upgraded hot rolling mill has 6,000 t of total rolling pressure, which helps to extend thickness of the plate to higher dimensions. The mill also has the capacity to process larger and higher weight slabs. The renovation of the out-of-date mill will offer new opportunities to ThyssenKrupp VDM.
ThyssenKrupp VDM is a manufacturer of high-performance materials, including special stainless steels, nickel alloys and titanium and zirconium mill products. For over 80 years, the company has been supplying wires, strips, ingots, rods, plates and sheets. Aerosapce, automotive, electronics, oil and gas, energy production and engineering sectors are few customers of ThyssenKrupp VDM.
Source: http://www.thyssenkrupp.com/