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Schoeller Werk maintains its investments

German based Schoeller Werk, which operates in steel pipe production, continues its investment plans.

Schoeller Werk maintains its investments

Producing more than 80 million meters of pipe per year, Schoeller Werk is reportedly planning to spend around €40 million on production equipment. It was stated that Schoeller Werk will continue with its planned investments, despite the separation of some partnerships, such as Franks Poschen. The investment of €40 million in production equipment, such as the XL laser welding machine for 65-127 mm diameter pipes, is expected to be one of the largest investments they have ever made.

Schoeller Werk, whose future goals include obtaining all of its electrical energy from renewable sources, has reportedly invested €17 million in energy efficiency measures. According to sources, Schoeller Werk produced 64.5 million meters of pipe in 2023, generating revenues of €240 million.

Meanwhile, the company is expected to launch its climate-neutral projects in 2035.

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