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Home Steel News Acerinox to invest EUR 67 million in alloy division to improve performance
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Acerinox to invest EUR 67 million in alloy division to improve performance

15 Jan 2024 16:44 reported by Raul Lee

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The largest Spanish stainless steel manufacturer Acerinox revealed in its latest statement that it is going to invest EUR 67 million in its high-performance alloys division, in order to expand its product range and to increase its sales by up to 15%.

According to the statement, the Beyond Excellence Plan will be valid for three years from 2024 to 2026, with the purpose of achieving a recurring annual target of EUR 100 million in EBITDA during the period, improving the company's operational performance and competitiveness, meeting management goals with continuous improvement and innovation.

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