05/05/2022 – Steeltec has invested 60 million euros in its Emmenbrücke site
An investment in efficiency and a green future
Electric steel specialist Steeltec, a member of the Swiss Steel Group, has invested around 60 million euros in a new walking beam furnace and other equipment at its rolling mill in Emmenbrücke near Lucerne in Switzerland, making it one of the biggest investments in recent years for the company and the entire Swiss Steel Group.
Frank Koch, CEO of Swiss Steel Group Holding AG, explains: “The investment is trend-setting for us: we are thus following the Swiss Steel Group's strategy of positioning itself as a leader in the field of sustainable steel production.” © Swiss Steel Group
The new furnace enables significant efficiency gains in the rolling mill and for its customers and consistently ensures greater sustainability. © Steeltec
In addition to the furnace and the new induction system, Steeltec has purchased two new Garrett coilers and a controlled cooling system for the finished rolled wire coils. © Steeltec
Overall, Steeltec is reducing its CO2 emissions by just under 10% annually with the innovations in the rolling mill. © Steeltec
Florian Geiger, CEO of Steeltec, explains, “In contrast, the new plant currently heats billets weighing up to 2.3t and 13m long.” © Swiss Steel Group
Frank Koch, CEO of Swiss Steel Group Holding AG, explains: “The investment is trend-setting for us: we are thus following the Swiss Steel Group's strategy of positioning itself as a leader in the field of sustainable steel production.” © Swiss Steel Group