Materials for the future. Speaker, venue, date

Transcription

1 Materials for the future Speaker, venue, date

2 Agenda VDM Metals at a glance Customer segments VDM Metals services Market environment Research and development Quality management Conclusion 1

3 VDM Metals at a glance 2

4 History 1930 Merger of Berg-Heckmann-Selve AG with Heddernheimer Kupferwerk and Süddeutsche Kabelwerke GmbH in Frankfurt, founding of the Vereinigte Deutsche Metallwerke 1930 Majority shareholder: Metallgesellschaft AG 1972 The new melting shop in Unna starts production 1974 The plants in Werdohl and Altena merge to create the division Nickel Alloys with headquarters in Werdohl 1988 Krupp Stahl AG acquires VDM Nickel-Technologie AG 1990 Krupp VDM acquires Precision Rolled Products in the US 2009 Merger of ThyssenKrupp VDM GmbH and ThyssenKrupp Titanium GmbH 2013 Outokumpu acquires VDM as part of the stainless steel arm of ThyssenKrupp AG (Inoxum) 2014 ThyssenKrupp AG buys back VDM GmbH from Outokumpu, name change to VDM Metals GmbH 2015 Lindsay Goldberg Vogel acquires VDM Metals from ThyssenKrupp AG Founding Companies: Heckmann AG in Duisburg, founded in 1819 Carl Berg AG in Werdohl, founded in 1859 Selve AG in Altena, founded in

5 Lindsay Goldberg Vogel Lindsay Goldberg Vogel is a private equity firm headquartered in New York, that focuses on long term partnering with innovative and competitive enterprises to help facilitate growth and value creation since Over $13 billion of capital under management LGV employs conservative capital structures allowing the companies to focus on growth and development VDM Metals is the first investment out of the new Fund IV (volume nearly 4 Billion US$), closed in 2015 and with a 20 year holding period, which is double the standard in the private equity industry. Strategic goal is to develop VDM Metals into the global leading producer of Nickel alloys. 4

6 Lindsay Goldberg Vogel German Managing Partners Prof. Dr. Dieter H. Vogel and Dr. Thomas Ludwig have strong industrial backgrounds having served as CEOs of DAX, and MDAX companies respectively. Prof. Dr. Dieter H. Vogel (Founder and Chairman of Lindsay Goldberg Vogel) has more than 30 years of experience as a business leader and has been actively involved in over 150 acquisitions Work experience: Bertelsmann AG, British American Tobacco plc, Thyssen AG (CEO) Since 1999 exclusively advising Lindsay Goldberg and its predecessors Dr. Thomas Ludwig (Managing Partner of Lindsay Goldberg Vogel) with more than 30 years of experience as a business leader as well Work experience: Klöckner Werke AG, Klöckner & Co AG, Thyssen group (now ThyssenKrupp). CEO of Klöckner & Co SE from 2003 to

7 The world of VDM Metals 1 Supply and control lines on the depths of the seafloor: whether it s water millions of years old, sulfurous sediments or, of course, oil our materials ensure their reliable and ecofriendly extraction. 2 Modern diesel exhaust valves can measure up to two metres high, and are exposed to ever higher temperatures as engine outputs increase. VDM materials defy heat and heavy oil thanks to their corrosion resistance. 3 Distillation columns separate crude oil into various highgrade products. Alloys from VDM Metals protect tanks and piping systems from the highly aggressive mixtures at temperatures up to 400 C. 4 Packaging, cable sheathing and varnishes are often based on acrylic and acetic acid. Zirconium tanks and piping systems are protected against these aggressive substances by means of a self-passivating oxide layer C and extremely high pressures up to 350 bar: only high-performance alloys like ours can enduringly resist such a continuous inferno in power plants; and strongly boost their overall efficiency as they do so The scrubber section in flue gas desulfurizing plants: temperature fluctuations, acids, salty dust. We create materials to withstand it all. We ve been cleaning the air that way for more than 20 years now. 7 In many of the world s regions the sea is the only source of drinking water: alloys from VDM ensure the corrosion resistance required In seawater desalination plants Sunlight heats the carrier fluid in absorber tubes to as high as 400 C. Here VDM materials protect the vacuum between the glass tube and the metal pipe thanks to their precisely tailored expansion behaviour. 15 Catalytic converters made from extremely thin foils: short warmup phases for immediate function, low exhaust backpressure for full engine performance and our high-temperature alloys for a long service life. 9 Modern gas heating systems generate lots of heat from very little gas. Our high-temperature resistant alloys ensure prime efficiency over a long service life. 16 Acids and bases, often at high temperatures: the transportation of these products requires tanks with the highest possible corrosion resistance. We supply the materials it takes. 10 Energy-saving lamps are eco-friendly as long as they remain sealed. When heated, our materials expand at exactly the same rate as the ceramic bulb socket. So current but no air reaches the noble gas. 17 Extremely strong and as light as possible: with our materials, flying becomes safer, more eco-friendly and more efficient In toasters, ceramic hobs, hairdryers and wherever the going gets hot: protective oxide layers on filaments made from our alloys ensure troublefree operation throughout a long service life. 18 Overhead lines car ying 15,000 Volt: too much for the starting phase. Starting resistors from VDM alloys reduce the charge and make for a gentle start to your journey. 12 No combustion engine can run without a spark plug or a glow plug or without wires like those from VDM. They provide reliable and efficient ignition in central electrodes and glow plugs. 19 As the charge increases, highvoltage cables heat up and can begin to sag badly. But not when they are made from our materials: they transport current safely and even improve the line efficiency. 13 Turbo chargers make engines lighter and more fuel-efficient but also much hotter. With our high-temperature alloys we support more eco-friendly vehicle construction. 20 The deeper, the hotter and often also the saltier: the challenges in sourcing geothermal energy are extreme. Tubes made from our corrosion resistant alloys bring this energy to the surface safely and continuously. 14 Piezo electric injectors in diesel engines allow faster and more precise timing control. Made from our materials, they reduce fuel consumption while maintaining the level of engine performance. 6

8 Who we are One of the world market leaders for high-performance alloys covering the widest product and service portfolio in the industry integrated production base in Germany and the USA and a sales network spanning the globe VDM Metals 2015 Employees: > 2,000 No. of alloys: >100 Sales revenue: ~ 1,000 million Euro Production: ~ 35,000 mt servicing the most demanding industries strong R&D and application engineering 7

9 Company profile Production sites Global sales network Unna Nickel melting / forging / rod & bar Siegen Hot rolling plates Altena Rod & bar / plate Werdohl Strip / wire / Service Center 5 Duisburg Slab rolling Germany Production sites close to innovative global players in key industries Access to strong US Aerospace and oil & gas market 6 7 Florham Park Melting Reno Rod & bar 27 USA 6 Strong access to growing Chinese market Presence in India and the Middle East; representative office in Moscow Long-dated presence in Australia with highly profitable service center VDM Metals plants VDM Metals subsidiaries VDM Metals sales offices VDM Metals stock & service center Agents 8

10 Global sales organization VDM Metals Plants VDM Metals Subsidiaries VDM Metals Sales Offices VDM Metals Service Center Agents 9

11 Production sites Germany Unna Werdohl Duisburg Altena Siegen United States Florham Park Reno 10

12 Product range Product forms (Ni/others) Long products Billet Wire / wire rod Rolled / forged bar Welding consumables Flat products HR plate CR strip/ coil sheet CR sheet Engineered products e.g. press forged shafts, engineered parts 11

13 Resistance alloys Soft magn. alloys Controlled expansion alloys Product range High performance materials Zirconium alloys Wet corrosion alloys High-temperature alloys Special alloys Zirconium ZR 700 ZR 702 Ni NiCu NiCrFe NiCrMoW FeCrNiMo FeNiCrMo NiMo Heat resistant alloys NiCrFe Superalloys NiCrMoCo NiCrMoNb CoCrNiW NiCr NiCrFe FeCrAl FeCr NiFe NiFeMo NiFeCo for demanding industries Chemical process industry / Energy Aerospace/ turbines Oil & gas Electronic & el. engineering Automotive 12

14 Customer segments 13

15 High performance alloys for demanding industries CPI & energy Aerospace / turbines Oil & gas E & E Automotive Medical Chemical & Petrochemical plant construction Power generation Furnace construction Turbines (rotating/ non-rotating parts) Casings, liners, Engine mounts LBGT Pump shafts Umbilicals, wirelines Pipelines Hanger, packer Weld overlay Heating elements Solar energy Ceramic hobs Brake resistors Superconductors Spark plugs Catalytic converters, particulate filters Valves Turbochargers Exhaust manifolds Shieldings X-ray tubes 14

16 Chemical process industry (CPI) / energy Typical alloys VDM Alloy C-276 VDM Alloy 59 VDM Alloy 625 VDM Alloy 825 VDM Alloy 800 H VDM Alloy 600 VDM Alloy 601 VDM Alloy 602 CA VDM Alloy 690 VDM Alloy 617 VDM Alloy 31, VDM Alloy 31 Plus VDM Alloy 926 VDM Alloy 2120 MoN VDM Nickel 201 VDM NeutroShield VDM Zr 700 / Zr 702 Applications Equipment for chemical & petrochemical plants Handling & production of acids, bases & salt solutions Fine chemical and pharmaceutical industry Production of high-performance polymers & fibers Waste recycling Power generation equipment (steam generators, heat exchangers ) Flue gas desulfurization systems Furnace construction 15

17 Aerospace / turbine industry Typical alloys VDM Alloy 718 VDM Alloy C-263 VDM Alloy 617 VDM Alloy X VDM Alloy 600 VDM Alloy 75 VDM Alloy 625 VDM Alloy 188 / 605 L VDM Alloy X-750, Waspaloy VDM Alloy 400 VDM Alloy 36 / Applications Turbine rings, seals Discs Blades, vanes Engine mounts Combustion chambers, exhaust ducts, casings, liners Rivets, tile holders Tools & molds 16

18 Oil & gas industry Typical alloys & weld wires VDM Alloy 926 VDM Alloy 31 VDM Alloy 825 VDM Alloy 625 VDM Alloy C-276 VDM Alloy 59 VDM Alloy 718 VDM Alloy 925 VDM Alloy K-500 Applications Oil wells, OCTG Pump shafts Flowlines Umbilicals Wirelines Welding consumables VDM FM 59 VDM FM 82 VDM FM 625 VDM FM 65 17

19 Electronic & electrical engineering industry Typical alloys VDM Alloy 800 VDM Alloy 840 VDM HT 80 VDM HT 30/ HT 60 VDM Alloy 40B VDM Aluchrom Y / W VDM Konstantan VDM Alloy 36 VDM Alloy / 51 / 52 / 47-6 VDM MAG 36 / 50 / 7904 / 75 VDM Alloy 200/205 VDM Crofer 22 APU VDM Crofer 22 H Applications Glass-to-metal seals Light bulbs Electronic packaging Leadframes Magnetic shieldings X-ray tubes Heating elements Brake resistors Magnetic cores Relay parts Fuel cells Thermostatic bimetals Overhead conductors 18

20 Automotive industry Typical alloys VDM Aluchrom 4 18 Y Hf VDM Aluchrom Y Hf NICR2MN VDM Alloy 36 VDM Alloy 601 VDM Alloy 600 VDM Alloy 80 A VDM Alloy 602 CA VDM Alloy 751 VDM Alloy 617 VDM Alloy 718 VDM Alloy C-263 VDM Alloy 286 VDM MAG 50 / 7904 Applications Catalytic converters Spark plugs Injection systems Exhaust valves Turbochargers Exhaust manifolds, decouplers Diesel particulate filters (High temperature) sensors Magnetic shielding 19

21 VDM Metals services 20

22 VDM Metals Service Centers Global Presence Our Offers A comprehensive portfolio of materials & sizes High quality materials manufactured to recognized international standards (ASTM, EN, etc.) Short lead-times Flexibility to supply small quantities Cutting of plate and sheet, including complex shapes Sawing of bar and billet Further processing, e.g. machining Advice from our application engineers on selecting the optimum materials for your project Independent third party testing (TUEV, LRS, DNV, etc.) if required Package deals Products Nickel, Nickel alloys & Titanium alloys Plate & Sheet Billet, Bar & Drawn Wire Welding Consumables Resistance Wire Tube, Pipe & Fittings (Australia only) Werdohl Shanghai Melbourne 21

23 VDM Metals Service Center Werdohl Alloy portfolio Machining Plate and sheet VDM Alloy 926 VDM Alloy 800 H VDM Nickel 201 VDM Alloy 400 VDM Alloy 22 VDM Alloy 31 VDM Alloy 59 VDM Alloy C-276 VDM Alloy 600 VDM Alloy 601 VDM Alloy 625 VDM Alloy 600 Ti Grade 1 Ti Grade 2 (Welding) wire VDM Alloy HT 80 VDM Alloy HT 60 VDM Alloy HT 30 VDM Konstantan VDM FM 625 VDM FM 82 VDM FM 59 Rods and bars VDM Alloy 400 VDM Alloy K-500 VDM Alloy C-276 VDM Alloy 625 VDM Alloy 600 Water jet cutting (plate and sheet) Thickness: up to 200 mm Dimensions: x mm Cuts in 2 dimensions Laser jet cutting (sheet) Thickness: 2-20 mm Dimensions: x mm Cuts in 2 dimensions Rolling (wire) Round wire Flat wire Sawing (bar and billet) Length mm Dia. Ø mm Billets max. 540 x 540 mm 22

24 VDM Metals Service Center Australia Alloy portfolio Services Plate and sheet VDM Nickel 201 VDM Alloy 400 VDM Alloy 31 VDM Alloy 625 VDM Alloy 825 VDM Alloy C-276 VDM Alloy 600 VDM Alloy 601 VDM Alloy 800 H VDM Alloy DS VDM Alloy 36 Ti Grade 2 Ti Grade 12 Super Duplex 2507 Rods and bars VDM Alloy 400 VDM Alloy K-500 VDM Alloy 20 VDM Alloy 31 VDM Alloy C-276 VDM Alloy 625 VDM Alloy 825 VDM Alloy 600 VDM Alloy 601 VDM Alloy 800 H Welding wire VDM FM 36 VDM FM 59 VDM FM 60 VDM FM 61 VDM FM 617 VDM FM 625 VDM FM 82 Water-jet cutting (plate and sheet) Thickness: up to 100 mm Dimensions: x mm 2 dimensional cuts only Band-saw cutting (bar and billet) Length: mm Dia. Ø: mm Billets: max. 360 x 360 mm Semi-finished & fully machined components (to customer drawings) 23

25 VDM Metals Stock & Service Center Shanghai Alloy portfolio Machining Plate and sheet VDM Alloy 800 H VDM Nickel 201 VDM Alloy 400 VDM Alloy 22 VDM Alloy C-276 VDM Alloy 600 VDM Alloy 625 VDM Alloy 825 (Welding) wire VDM FM C-276 VDM FM 622 VDM FM 60 VDM FM 61 VDM FM 625 VDM FM 82 VDM FM 59 Water jet cutting (plate and sheet) Thickness: up to 150 mm Dimensions: x mm Cuts in 1 dimension Sawing (bar and billet) Length mm Dia. Ø mm Billets max. 360 x 360 mm 24

26 Market environment 25

27 Market environment Material pyramid and competition Nickel Alloys (2015) Requirements regarding material properties Zirconium Titanium Nickel alloys Demand 1,000 t Stainless steel * 17,340 * Cold rolled flat Source: Stainless figures based on 2012; CRU Nickel figures based on 2013 AMS and own calculation Titanium figures based on 2013; AMCG Source: SMR, Ni > 30% Production 2015 in kt 26

28 Research and development 27

29 Research and development Global challenges a driving force for VDM Metals Mobility Limited Resources Aerospace & turbine applications Automotive applications Solid oxide fuel cells Climate change 700 o C power plants Seawater desalination plants, oil & gas Chemical process industries 28

30 Research and development Strong R&D capabilities and innovation leadership Alloy design Melting, remelting and casting Solidification Forging and rolling Prediction of microstructure Filler metals 29

31 Quality management 30

32 Certifications and approvals Quality Management Inspection Agency Melting & Casting, Forging (Unna) Forged Bar (Unna) Plate & Sheet (Altena) Bar (Altena) Strip (Werdohl) Wire (Werdohl) Precision Mechanics (Werdohl) ASME Sect. III NCA 3800 ASME X X X X AS 9100 / EN 9100 ISO 9001 ISO/TS ISO 9001 AD 2000-Guidelines W0 / TRD 100, VdTÜV- Guidelines 1153 and KTA CPD 89/686/EC (CE Marking) AD 2000-Guidelines W0 and PED 97/23/EG, annex I, sec. 4.3 (3.1) Bauprodukte nach Landesbauordnung (LBO) Ü-Kennzeichen NADCAP Materials Testing (acc. SAE Aerospace Standard 7003) NADCAP Heat Treating (acc. SAE Aerospace Standard 7003) NADCAP NonDestructive Testing (acc. SAE Aerospace Standard 7003) LRQA X X X X X X LRQA X TÜV-Nord X X TÜV-Nord X X X X X TÜV Nord X X PRI X X X X PRI X X X X PRI X X Welding Consumable Certificate ABS X Approval of Material Manufacturers ( acc. VG81224 / acc. EN ) DNV GL X 31

33 Certifications and approvals Environmental and Energy Management Inspection Agency Melting & Casting, Forging (Unna) Forged Bar (Unna) Plate & Sheet (Altena) Bar (Altena) Strip (Werdohl) Wire (Werdohl) Precision Mechanics (Werdohl) DIN EN ISO (Umwelt / Environmental) DIN EN ISO (Energie / Energy) TÜV-Nord X X X X X TÜV-Nord X X X X X X X Information Technology Management Inspection Agency Melting & Casting, Forging (Unna) Forged Bar (Unna) Plate & Sheet (Altena) Bar (Altena) Strip (Werdohl) Wire (Werdohl) Precision Mechanics (Werdohl) ISO/IEC (Information Security) TÜV-Nord X X X X X X X Health and Care, Occupational and Safety Management Inspection Agency Melting & Casting, Forging (Unna) Forged Bar (Unna) Plate & Sheet (Altena) Bar (Altena) Strip (Werdohl) Wire (Werdohl) Precision Mechanics (Werdohl) OHSAS (Occupational and Safty) DIN Spec (Occupational Health Management) TÜV-Nord X X X X X X X TÜV-Nord X X X X X X X 32

34 Conclusion 33

35 Why to partner with VDM Metals? 1 Building on a tradition of 85 years, VDM Metals is the largest nickel alloy producer globally 2 offering the most comprehensive product range, focusing on the Aerospace (the only European producer licensed for rotating parts), CPI and Oil & Gas industries 3 serving application needs of demanding customers in high growth markets 4 servicing long standing clients, leveraging our global production and sales network and our strong brand 5 a solution provider with strong R&D capabilities and proven innovation leadership 34

36 Disclaimer Please note: All statements as to the properties or utilization of the materials and products mentioned in this presentation are for the purpose of description only. Guarantees in respect of the existence of certain properties or utilization of the material mentioned are only valid if agreed upon in writing. 35

37 Thank you for your attention 36

38 Appendix 37

39 Unna 38

40 Werdohl 39

41 Altena 40