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With its production locations in Völklingen, Burbach and Neunkirchen, Saarstahl AG is one of the most significant manufacturers of long products in the world.
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Latest press releases
Press release SHS - Stahl-Holding-Saar
Supervisory Board lays groundwork for the future – identical executive management for SHS, Dillinger and Saarstahl
As part of the ongoing strategy process, the Supervisory Board of SHS - Stahl-Holding-Saar (SHS) decided at its meeting yesterday in favor of identical staffing for the management of SHS - Stahl-Holding-Saar as well as that of the Boards of Directors of Aktien-Gesellschaft der Dillinger Hüttenwerke (Dillinger) and Saarstahl AG. Dr. Günter Luxenburger of Dillinger, and Dr. Klaus Richter of Saarstahl, both Sales Directors for their respective companies, were appointed as additional Managing Directors of SHS, effective 1 July 2020. The two Sales Directors will continue to perform their functions at Dillinger and Saarstahl, respectively. As of 1 July 2020, the SHS Board of Management will therefore consist of Tim Hartmann, Chairman; Martin Baues; Jörg Disteldorf (as the designated successor to Peter Schweda); Dr. Günter Luxenburger; and Dr. Klaus Richter.
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Saarstahl achieves gold rating for sustainability
EcoVadis, an international provider of business sustainability ratings, has awarded Saarstahl a gold medal for its Corporate Social Responsibility (CSR) activities. The CSR rating confirms that responsible action and sustainable management are central elements of Saarstahl's corporate policy. With this in mind, Chairman of the Board of Management Tim Hartmann is once again urgently calling for the political groundwork to be laid for the green transformation.
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Key figures for the 2019 financial year for Dillinger Group and Saarstahl Group
• Very difficult market conditions led to weaker demand • Net sales fell accordingly: by 5.2% to €2.087 billion in the Dillinger Group and by 12.7% to €2.206 billion in the Saarstahl Group • Dillinger Group closed the financial year with an EBITDA of €8.5 million and an EBIT of -€116.1 million / Saarstahl Group recorded an EBITDA of -€18.5 million and an EBIT of -€127.6 million • The equity ratios of Saarstahl (74.5%) and Dillinger (64.9%) are proof of the financial structure remains solid • Joint strategy process “proactive, carbon-free, efficient” will continue to be advanced • Goals have been clearly defined: cost reductions of €250 million and an earnings contribution of €150 million from sales activities • Outlook for 2020 with major uncertainties
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Personnel change in the Board of Management of Aktien-Gesellschaft der Dillinger Hüttenwerke and Saarstahl AG
Peter Schweda (62) is resigning and retiring from his post as Chief Human Resources Officer and Labor Director of AG der Dillinger Hüttenwerke (Dillinger) and Saarstahl AG, and as a Managing Director of SHS - Stahl-Holding-Saar, with effect from 30 June 2020. Schweda has been Chief Human Resources Officer and Labor Director of Dillinger and Saarstahl since 2011 and a member of the Board of Management of SHS - Stahl-Holding-Saar since 2016.
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