Successful Acquisition and Integration of Haynes International
The acquisition of Haynes International is seen as a transformational milestone for Acerinox. The company expects synergies of €75 million, with a focus on expanding HPA production in the U.S. and leveraging Haynes' capabilities to enhance their position in the aerospace sector.
Sale of Bahru Stainless
Acerinox successfully sold Bahru Stainless for USD $95 million, resulting in an income effect of €146 million in 2024 due to prior impairments and favorable exchange rates.
Strong Results in North American Market
Despite a challenging environment, North American Stainless delivered strong results, increasing its market share by 2 points and maintaining stable prices even with reduced volumes.
High-Performance Alloys Division Performance
The High-Performance Alloys division, led by VDM, maintained solid demand, particularly in oil and gas, despite headwinds in the nickel market.
Commitment to Sustainability
Acerinox continued its sustainability efforts, including launching Eco-Acerinox, focusing on recycled materials and renewable energy, and maintaining strong performance in waste reduction and diversity.