The acquisition of the flat rolled products division of Aurubis positions the Wieland Group as a global partner for its customers
Partners signed binding term sheet
Acquisition will require approval of anti-trust authorities
Global business growth driven by digitalization, connectivity and mobility trends
Wieland and Aurubis signed a binding term sheet with the objective to integrate the global business unit Flat Rolled Products from Aurubis into to the Wieland Group. Following the completion of the sale and purchase agreement in the next few weeks, the proposed transaction will require clearance from several antitrust authorities.
For the Wicoatec coating technology, the Wieland Group receives EUR 350,000 from the Federal Environment Ministry (BMUB) for the implementation of an innovative coating concept under the Environmental Innovation Program.
The newly interpreted process, which is based on a CVD (chemical vapor deposition) process, reduces the amount of process chemicals required and significantly reduces energy consumption.
The Wieland Group also regards this project funding as recognition of its long-standing efforts to invest in innovative technologies and increase energy efficiency.
The BMUB has published a separate press release on this funding project. Further information about Wicoatec can be found at wieland. com/coatings.
Jan 22, 2018
"LEW Innovation Award" for Intelligent Energy Solutions
"Heat concept for the future" of Wieland-Werke AG wins award
The LEW (Lech Werke AG - Electricity Company) Innovation Award Intelligent Energy, which is endowed with a total of 45,000 euros, honours ideas and measures that set an example for forward-looking projects in climate protection and the efficient use of energy. In selecting the best projects, a high-ranking jury assessed the degree of innovation, the contribution to climate protection and energy efficiency, the economic viability and the transferability of the projects.
Wieland strengthens its service offering for customers in the automotive and electronics industry
Investment in new slitting line
With an investment of EUR 6.5 million in a new slitting line at the Langenberg site (Germany), Wieland is expanding its finishing capacity and addressing the increasing demand for thin gauge strip of high-performance alloys and tinned materials.
With this investment, in close alignment with its customers growth plans, Wieland is further strengthening its position as a global service leader for thin gauge copper alloy strip in the automotive and electronics industry.
The International Air-Conditioning, Heating, Refrigerating Exposition (AHR Expo), which started 86 years ago as a heating and ventilation show, has grown into the event of the year for the HVACR industry. The 2018 Show will be held in Chicago, hosting more than 2,000 exhibitors and attracting crowds of 65,000 industry professionals from every state in America and 165 countries worldwide.
Wieland Copper Products, LLC and Thermal Solutions are manufacturing semi-finished products for the Plumbing, Industrial and Technical Tube industries.
Please join us at Booth #5396 to learn about our products and services.