Materials Services strengthens market position in Eastern Europe-ThyssenKrupp Ferroglobus opens new production shop

thyssenkruppThyssenKrupp Ferroglobus, a company of the Materials Services business area, has further strengthened its market position in Eastern Europe. In the Hungarian capital Budapest the materials experts have expanded their service center for slitting, cutting-to-length and plasma cutting, and opened a new production shop.

The new shop is 4,398 square meters in size. In total the facility offers 66,948 square meters of production and storage space. State-of-the-art saws, cutting-to-length, slitting, plasma and torch cutting equipment provide excellent processing capabilities to complement the company’s warehousing services. In addition, a further 4,398 square-meter production shop is currently being built for tube processing. It is due to go into operation in spring 2014.

“The opening of the new service center continues our growth and success story in Eastern Europe,” comments Joachim Limberg, CEO of the Materials Services business area. With Poland, the Czech Republic, Russia, Bulgaria, Slovakia and Hungary, ThyssenKrupp Materials Services is represented on all the major markets of Eastern Europe.

About ThyssenKrupp
ThyssenKrupp is a diversified technology and materials group based in Essen, Germany. It currently has around 150,000 employees in some 80 countries developing ideas and innovations into solutions for sustainable progress. In fiscal year 2012/2013 ThyssenKrupp generated sales of more than € 39 billion.

ThyssenKrupp Ferroglobus is a company of the Materials Services business area and holds a leading position in the materials business on the Hungarian market. Founded in 1922 and part of the ThyssenKrupp Group since 1998, the company is represented throughout Hungary with six branch establishments and one central warehouse facility. It is headquartered in Budapest. ThyssenKrupp Ferroglobus stocks a full range of materials including carbon steel, stainless and tool steel, nonferrous metals and plastics. In addition the company provides extensive services for its customers, ranging from custom processing through consulting services to one-stop-shopping.