Press release Saarstahl, SHS - Stahl-Holding-Saar
Saarstahl bid for the two French steel plants Liberty Ascoval (Saint-Saulve) and Liberty Rail Hayange (Hayange): A new industrial project for the future of the Nord and the Moselle
16 June 2021
Saarstahl confirms its bid to Liberty Steel Group for the acquisition of its two steel plants Liberty Ascoval (in Saint-Saulve, Nord, hereafter "Ascoval") and Liberty Rail Hayange (in Hayange, Moselle, hereafter "Hayange"). This bid supports an industrial project for the future of the two plants, but also for an enduring development of industrial activities in the Nord and Moselle regions.
In the face of international competition in the steel market, Saarstahl is offering a permanent acquisition of the Ascoval and Hayange plants based on
- a strong geographical and industrial integration of Hayange and Ascoval into the production network of the current plants of the Group;
- the solid economic, social and technical fundamentals of Saarstahl and the SHS Group
- the coherence of this project with the mission of the Montan-Stiftung-Saar trust (the majority shareholder of SHS);
- the culture of social dialogue derived from the German model of co-management.
"Our project aims to integrate a new rail market into Saarstahl's commercial and industrial strategy, to diversify our portfolio (electric arc furnace blooms and rails) and to access a new production technology (electric arc furnace). This project is fully aligned with the strategy of our Saarland Group, both in terms of strengthening competitiveness and structural transformation," said Dr. Karl-Ulrich Köhler, Chairman of Saarstahl's Management Board.
At the end of the integration, Hayange would be a key asset for Saarstahl, contributing to the European strategy for the ecological transition of mobility. Saarstahl aims to produce high quality infrastructure materials, which are essential for the development of sustainable solutions.
Ascoval will be the pivotal point of Saarstahl's green steel production—thanks to the circular economy with steel produced from secondary raw materials (recycled steel) on the one hand, and the electric arc furnace technology on the other.
Saarstahl is a Saarland-based steel company belonging to the SHS - Stahl-Holding-Saar Group, to which its sister company Dillinger (S.A. des Forges et Aciéries de Dilling) also belongs.
The history of Saarstahl begins at the end of the 16th century in Neunkirchen. Together, SHS and Saarstahl are the majority shareholders of the Dillinger company, which was founded in 1685 on a concession from King Louis XIV. The SHS Group (Saarstahl's parent company) is wholly owned by the private industrial trust "Montan-Stiftung-Saar", a private industrial trust whose aim is to strengthen and safeguard the two major steel companies on the Saar.
The Saarstahl Group, based in Völklingen, specializes in the production of high-quality wire rod, bars, semi-finished products and forged products. Saarstahl relies on innovative products and intelligent technologies to meet global challenges such as mobility, energy efficiency and safety. Saarstahl products are highly valued in the automotive and construction (BTP) sectors, energy installations, aeronautics and aerospace, mechanical engineering and other steel processing industries.
The Saarland steel group (SHS with Saarstahl and Dillinger) employs a total of 13,000 people, of whom about 900 work in France. Together, the companies are investing continuously in training and qualification, as well as in the modernization of tools and processes. Finally, they are deploying a digitalization and Industry 4.0 strategy. On average, Saarstahl and Dillinger have invested around 150 million euros per year over the past decade.