Milan, July, 17th 2013. – Tenova announces today that it has completed the acquisition of Technometal GmbH, a German company based in Duisburg.
Technometal is a plantmaker with the ability to cover the full set of plants and services in Secondary Metallurgy market: project studies, plant design, engineering, supply, commissioning, training and consulting.
75% of the steel produced is refined via Secondary Metallurgy processes. Technometal supplies equipment, related to the process requirements, with capacities ranging from less than 5 to more than 300 tons. This know-how allows Tenova to integrate and expand its product portfolio (LF, VD and VOD) by including the refining equipment for BF/BOF route (RH).
In this way, Tenova strengthens its position as a recognized player in Secondary Metallurgy with three centers of activities: Tenova Melt Shops (Italy), Technometal (Germany) and Tenova Core (USA).
In the last seven years the following German companies joined the Tenova Group: LOI Group (Essen), TAKRAF (Lipsia) Metall Technologie Holding (Menden) and now Technometal (Duisburg).
Tenova is a worldwide supplier of advanced technologies, products and services for the metals and mining & mineral industries. With about 4,800 people, Tenova operates through more than 30 companies located in 26 countries on 5 continents.
In the metals industry sector, Tenova offers innovative and integrated solutions for the design and supply of direct reduction plants, melt shops, secondary steel making facilities, reheating and heat treatment furnaces, strip processing lines, cold rolling mills, roll grinders and roll shops.
Tenova is committed to further develop its technology in the areas that mostly impact the future of the industries it serves: quality of products delivered to customers, energy saving, and environmental safeguards.