DIHAG Holding GmbH, a leading manufacturer of castings for industrial products, shipping, railroads, agriculture, wind turbines and other renewable energies in Europe, has announced that they will be showcasing new product innovations at METEC, the world’s leading trade fair for metallurgy and smelting technology, taking place in Düsseldorf this year.
The company has developed a range of durable and reliable products that are of a high level of quality and efficiency, and they are set to demonstrate this with production examples from all plants and new innovations, such as ultra-high-wear castings with ceramic inserts or load-hardening of rolls at the event. This will be their first time presenting the DIHAG Foundry Group under one roof.
The group’s positive annual result for 2022 was achieved despite the current crises, and can be attributed to the early completion of the Group’s restructuring, originally planned to last until 2023, in accordance with IDW S6, certified by the auditing and consulting firm PricewaterhouseCoopers (PwC). This was accelerated by a change in shareholders in 2020, the faster recapitalization of the Group and the raising of equity capital in excess of 50 percent and a doubling of operating profit before depreciation and amortization (EBITDA) twice.
Giuseppe Grasso, a representative of DIHAG Holding GmbH, said: “The turnaround thus achieved and the growth prognosis are based on a close interplay of improved payment, return and competitiveness. Based on a consistently positive business development in the turnaround process and adequate liquidity at all times, PwC concludes that the turnaround of the DIHAG Group has been successfully completed.”
DIHAG Holding GmbH has announced that they will be showcasing new product innovations at this year’s METEC, the world’s leading trade fair for metallurgy and smelting technology in Düsseldorf. The company has developed a range of durable and reliable products that are of a high level of quality and efficiency, and they are set to demonstrate this with production examples from all plants and new innovations.
This comes after the group’s positive annual result for 2022, which was achieved despite the current crises and was linked to the early completion of the Group’s restructuring, originally planned to last until 2023, in accordance with IDW S6, certified by the auditing and consulting firm PricewaterhouseCoopers (PwC).
Giuseppe Grasso, a representative of DIHAG Holding GmbH, said: “The turnaround thus achieved and the growth prognosis are based on a close interplay of improved payment, return and competitiveness. Based on a consistently positive business development in the turnaround process and adequate liquidity at all times, PwC concludes that the turnaround of the DIHAG Group has been successfully completed.”
The DIHAG Foundry Group will be presented under one roof for the first time at METEC 2023, showcasing their product innovations and demonstrating their commitment to solutions for the transformation of the economy to climate neutrality.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.