Salzgitter

Germany, in particular, does not yet have a regulatory framework for the development of hydrogen infrastructure

Salzgitter owns 30% of the company's shares

The new equipment will have a higher processing capacity and will be technically advanced

As part of the contract, IG Merbitz will supply Salzgitter with around 71 MWh of green electricity per year at a fixed price

The agreement is concluded for 10 years with the support of Pexapark consultants

During the period of downtime, the company carried out modernization, which required €100 million of investment

In January-September, the company's sales fell by 14.3% y/y

The company refers to the weakness of the German economy and the instability of the situation

The contract completes a series of orders for the first phase of the Salzgitter SALCOS transformation program

Unit maintenance will last approximately 100 days

Currently, pressure from Asian countries has increased on the European market

Stopping the unit will not affect the company's ability to deliver products to customers