VDM Metals will increase sales by 15% thanks to this new commitment to higher-value-added products. In tandem, Acerinox introduces Beyond Excellence, an ambitious and comprehensive operational excellence program for 2024 to 2026.
Both projects fall within the framework of Acerinox’s Strategic Plan and reinforce two of its pillars: Added Value, thanks to the new investments in VDM Metals, and Excellence, through the Beyond Excellence program. The projects will also have a direct impact on the plan’s other two pillars: Sustainability and Financial Strength.
Acerinox focuses part of its strategy on the development and expansion of high-value-added products through investments in VDM Metals valued at 67 million euros. These investments will increase the division’s sales by 15%.
These investments will also strengthen integration by allowing the processing of high-performance alloys at the stainless steel manufacturing facilities at Campo de Gibraltar and increasing product range.
The projects include the expansion of three remelting furnaces, the upgrade of an annealing and pickling line, and a defect detection line for bars, to name a few.
