Budapest -ThyssenKrupp Építöelemek, part of ThyssenKrupp Steel AG's Construction group, has invested Euro 8 million in a plant for steel sandwich elements, opened in Felsölajos, around 60 km from Budapest, on 22 Nov.
This new facility will make around 1.2 million sq.m of steel sandwich panels a year, for customers in Hungary and also in countries nearby such as the Czech Republic, Slovakia, Ukraine, Romania, Bulgaria, Serbia and Croatia, said the steel company, in a press statement.
ThyssenKrupp Steel aims to use the plant to meet the "rapidly growing demand for steel sandwich elements in the construction industry in central and Eastern Europe," the statement said .
"We forecast annual growth rates of ten percent for sandwich products up to the year 2012 and aim to achieve a 15 percent market share," commented Dr Jost Massenberg, board member of ThyssenKrupp Steel, during a press conference at the plant opening.
Steel sandwich elements consist of two steel sheets bonded to a rigid polyurethane foam core. These panels are used for all types of construction, typically for industrial, office and administration buildings, garages, gyms, power plants and cold storage facilities. The light-weight elements offer "outstanding thermal insulation," the company said.
ThyssenKrupp offers sandwich panels in various profiles, with a wide range of coloured and functional coatings, and meeting the most demanding architectural requirements.
ThyssenKrupp Építöelemek will process coated flat-rolled steel supplied by ThyssenKrupp Steel's German operations. Its product range comprises ems cold room panels, Hoesch Thermowand thermal wall elements, Hoesch Thermodach thermal roof elements and Hoesch Isowand wall panels. The company has been a sales company for construction elements in Hungary for 12 years and currently employs 30 people.
ThyssenKrupp Steel's Construction group consists of ThyssenKrupp Bausysteme GmbH, Hoesch Bausysteme GmbH and Isocab NV. They produce sandwich elements and single sheet construction elements of steel in Germany, Austria, Hungary, France and Belgium.
The group generates sales of around Euro 350 million, has 880 employees, and makes about 18 million sq.m of sandwich elements and single sheet elements annually.