OVERVIEW OF THE ACTIVITIES BY BUSINESS UNIT

The Business Unit Steel and steel processing has everything under one roof: a large stock of sheet steel, profiles and bulb flats in a range of qualities, dimensions and thicknesses, specialist cutting capacities (autogenous, plasma and laser), technical steel processing such as the application of fusion edges, reducing and shaping of steel and their own steel coating line. This makes it possible to supply complete shipbuilding kits.

Flyshooter under construction

“Challenging investment in capacity: man and machine.

Looking back

Revenue at the Business Unit Steel and steel processing was higher than in 2017. There were a relatively large number of staffing changes with a negative effect on operations, leading to the results falling short of expectations and a decrease in the gross margin of 2.1 percentage points. The desired increase in capacity has not yet been achieved because the supplier of the cassette cutting machine has failed to fulfil its obligations. Until this problem is solved, the operating processes will continue to be affected. Despite this, the integration of the Business Unit Steel and steel processing is continuing to take shape, leading to better internal cooperation backed up by the new management in 2019.

Looking ahead

The Dutch shipbuilding sector is moving ahead but there are a limited number of players and so it remains fragile. A sound conservative approach is therefore advisable. Steel prices have been increasing slightly. No clear trend has yet been apparent in 2019 due to ongoing overcapacity, particularly in the Asian market, and increased iron ore prices due to a dam failure in Brazil. Import duties, whether imposed or not, disrupt the international market. Consequently, many parties are operating cautiously.

OVERVIEW OF THE ACTIVITIES BY BUSINESS UNIT

The Business Unit Steel and steel processing has everything under one roof: a large stock of sheet steel, profiles and bulb flats in a range of qualities, dimensions and thicknesses, specialist cutting capacities (autogenous, plasma and laser), technical steel processing such as the application of fusion edges, reducing and shaping of steel and their own steel coating line. This makes it possible to supply complete shipbuilding kits.

Flyshooter under construction

“Challenging investment in capacity: man and machine.

Looking back

Revenue at the Business Unit Steel and steel processing was higher than in 2017. There were a relatively large number of staffing changes with a negative effect on operations, leading to the results falling short of expectations and a decrease in the gross margin of 2.1 percentage points. The desired increase in capacity has not yet been achieved because the supplier of the cassette cutting machine has failed to fulfil its obligations. Until this problem is solved, the operating processes will continue to be affected. Despite this, the integration of the Business Unit Steel and steel processing is continuing to take shape, leading to better internal cooperation backed up by the new management in 2019.

Looking ahead

The Dutch shipbuilding sector is moving ahead but there are a limited number of players and so it remains fragile. A sound conservative approach is therefore advisable. Steel prices have been increasing slightly. No clear trend has yet been apparent in 2019 due to ongoing overcapacity, particularly in the Asian market, and increased iron ore prices due to a dam failure in Brazil. Import duties, whether imposed or not, disrupt the international market. Consequently, many parties are operating cautiously.