Finkernagel as a link in the sustainability chain

vor 3 Monaten
Finkernagel as a link in the sustainability chain

Reducing environmental impact is a key issue for Finkernagel and we are working hard to reduce our CO₂ footprint as much as possible. In the wire industry, most of the CO₂ emissions are in the preliminary products, i.e. the steel.

Thanks to the work of our partner ArcelorMittal Hamburg, we can now offer our customers highly CO₂-reduced XCarb® steel made from recycled and renewable material. By using XCarb®, the CO₂ savings total 80 percent compared with conventionally produced steel.

Our partner EJOT, in turn, produces screws from the drawn wire in cold forming, which are ultimately used for batteries in electric cars and for solar panel structures.

At our company headquarters in Altena, we now met with representatives from ArcelorMittal and EJOT to publish the cooperation.

Dr Uwe Braun, CEO of ArcelorMittal Hamburg (pictured left): "Once again we see that low carbon-emissions steel is vital for building the infrastructure we need for the transition to carbon neutrality. After all, solar modules, efficient electric cars or wind turbines cannot be made without steel."

Timo Finkernagel, CEO of Finkernagel (pictured right): "Through our trials, we know that the XCarb® recycled and renewably produced steel can be processed excellently and has no quality disadvantages compared to conventional steel. The fact that the material properties are also identical in a direct comparison is particularly pleasing."

Markus Rathmann, Chief Supply Chain Officer of the EJOT Group (centre in picture): "The entry into the processing of CO₂-reduced steel marks an important step for the EJOT Group on the way to climate neutrality. We will successively expand the use of CO₂-reduced steel."

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2022, ArcelorMittal had revenues of $79.8 billion and crude steel production of 59 million tonnes, while iron ore production reached 45.3 million tonnes. ArcelorMittal is aligned with the goals of the Paris Agreement and the European Green Deal (commitment to reduce European CO₂ emissions by 35% by 2030 and reach net zero by 2050).

About EJOT

EJOT, based in Bad Berleburg, is a medium-sized group of companies from the metalworking industry and European market leader in fastening technology. EJOT offers a wide range of innovative fasteners, especially thread forming screws for plastics and metals, technical formed parts made of plastic and metal as well as the complete programme for fastening the outer shell of buildings. Customers come from the automotive and supplier industry, telecommunications and consumer electronics or from the construction industry. EJOT employs about 4000 people worldwide. The EJOT Group aims to reduce its CO2 emissions from the current level of approx. 190,000 tonnes per year to zero by 2035.