ThyssenKrupp VDM has invested approximately $89 million on the construction of a new forging line in Unna, Germany, that has begun operation.
ThyssenKrupp VDM has invested approximately $89 million on the construction of a new forging line in Unna, Germany, that has begun operation. According to ThyssenKrupp, it is one of the world’s most advanced open-die forging operations and has opened new possibilities to attract customers, particularly in the aerospace industry. The expansion of the forging operations has resulted in a 10% increase in the plant’s workforce. Two years ago, ThyssenKrupp VDM launched various investment projects totaling approximately $111.7 million as part of a forward strategy. At the Unna plant, they included the expansion of remelting capacities as well as the construction of a 5,000-ton forging press.
The company’s nickel alloy and special stainless steel products are used in the aerospace, oil, gas, energy, environmental, automotive and other industries. ThyssenKrupp VDM supplies high-performance materials for the construction of wide-body aircraft such as the Airbus A380 and the Boeing 787 Dreamliner. The company plans to supply materials for rotating aircraft parts in the future.
ThyssenKrupp VDM Invests in Forging Line
April 22, 2008