from Salzgitter AG (isin : DE0006202005)
EQS-Adhoc: Salzgitter Aktiengesellschaft: Salzgitter AG’s Supervisory Board raises overall budget for implementing the first stage of the SALCOS® transformation program
EQS-Ad-hoc: Salzgitter Aktiengesellschaft / Key word(s): Strategic Company Decision
Salzgitter Aktiengesellschaft: Salzgitter AG’s Supervisory Board raises overall budget for implementing the first stage of the SALCOS® transformation program
23-March-2023 / 15:28 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
In its regular meeting today, the Supervisory Board of Salzgitter AG also deliberated on progress made in implementing the first development stage of the SALCOS® (Salzgitter Low CO2 Steelmaking) transformation program. According to the latest information available in the context of the detailed engineering, the progress of construction, and in the light of the general facilities price trend, the overall investment volume anticipated for the first stage of the SALCOS® decarbonization program, formerly estimated at between € 1.5 billion and € 2 billion, has now risen to € 2.2-2.4 billion. In view of this development, the Supervisory Board unanimously voted in favor of adjusting the overall budget that also includes the state funding requested.
Contact:
Markus Heidler
Head of Investor Relations
Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter
Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de
23-March-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Salzgitter Aktiengesellschaft |
| Eisenhüttenstraße 99 | |
| 38239 Salzgitter | |
| Germany | |
| Phone: | +49 5341 21-01 |
| Fax: | +49 5341 21-2727 |
| E-mail: | info@salzgitter-ag.de |
| Internet: | www.salzgitter-ag.de |
| ISIN: | DE0006202005 |
| WKN: | 620200 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1590757 |
| End of Announcement | EQS News Service |
1590757 23-March-2023 CET/CEST