FINOW Verwaltungs- und Service GmbH sold to a new owner
Author: USS Košice
Kosice, November 2, 2006 - U. S. Steel Kosice, s.r.o. announces that effective November 1st, 2006 it has sold its daughter company FINOW Verwaltungs- und
Service GmbH in Regensburg, Germany, which is the parent and sole shareholder of Walzwerk Finow GmbH in Eberswalde, Germany, to a new owner: FSB Finow Stahl Beteiligungsgesellschaft mbH. The sale
of Finow, which was previously disclosed, is in alignment with U. S. Steel Kosice, s.r.o. continuing to focus its efforts on its core business and value added metallurgical production
Walzwerk Finow GmbH was acquired by U. S. Steel Kosice, s.r.o. in 2000 as a part of the transaction with former VSZ a.s. Kosice. It produces welded cold sized tubes, plain end welded steel tubes, and welded cold sized square and rectangular tubes for precision applications mainly in the automotive industry. With a production of approximately 80 000 tons per year it serves more than 200 customers primarily in the European market.
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