The Fritz Finkernagel Drahtwerk GmbH & Co. KG from Altena in Germany supplies suppliers from the automotive, construction, electrical, and mechanical engineering industries with cold heading wire and forming tools for the most demanding requirements.
The company is a leading supplier in its market segment thanks to state-of-the-art equipment as well as surface testing by means of eddy current and consistent individual ring tracking.
Finkernagel employs 90 people. Around 3000 tonnes of wire and 850 tools are processed per month on a production area of 25 000 m².
More information: Finkernagel
EJOT, based in Bad Berleburg, Germany, is a medium-sized group of companies in the metalworking industry and a European market leader in fastening technology.
The company offers a wide range of innovative fasteners, especially thread forming screws for plastics and metals, technically formed parts made of plastic and metal, as well as a complete programme for fastening the outer shell of buildings.
EJOT customers come from the automotive and supplier industry, telecommunications and consumer electronics, or the construction industry. EJOT employs about 4000 people worldwide.
More information: EJOT
A successful sustainability chain from XCarb® recycled and renewably produced to solar panel screws
It is obvious that ambitious climate targets can only be achieved by working together. The cooperation between ArcelorMittal, Finkernagel, and EJOT is a good example of collaboration between manufacturer, processor, and end-product producer to reduce environmental impact.
Published: 28 August 2023
Three companies cooperate for low carbon emissions steel products
ArcelorMittal Hamburg produces XCarb® recycled and renewably produced steel, which has a CO2 footprint significantly lower than conventionally produced steel. The wire-drawing company Finkernagel further processes this steel, and EJOT then produces cold-formed screws from the drawn wire that are ultimately used for electric car batteries or for solar panel structures.
By using XCarb® recycled and renewably produced, the CO2 savings total 80% compared with conventionally produced steel, and the low carbon emissions steel ultimately benefits the energy transition thanks to its use in solar modules and electric cars.
Dr. Uwe Braun, CEO of ArcelorMittal Hamburg: "Thanks to this cooperation, we are creating a special value chain that contributes to the climate goals of the companies involved. Once again, we see that low carbon emissions steel is vital for building the infrastructure we need for the transition to carbon neutrality. After all, solar modules, efficient electric cars, or wind turbines cannot be made without steel. We are already able to produce very low-carbon and, in a few years, climate-neutral steel. For us, it's about doing our homework and continuously working on such promising projects in cooperation with our customers.”
Timo Finkernagel, Managing Director of Finkernagel: "Through our trials, we know that the XCarb® recycled and renewably produced steel can be processed excellently and has no quality disadvantages compared to conventional steel. The fact that the material properties are also identical in a direct comparison is particularly pleasing. We are proud to be able to offer XCarb® recycled and renewably produced to our customers and are confident that it will be well received in the market."
Markus Rathmann, Chief Supply Chain Officer of the EJOT Group: "The entry into the processing of CO2-reduced steel marks an important step for the EJOT Group on the way to climate neutrality, especially since the largest part of the CO2emissions is in our preliminary products (Scope 3). We will successively expand the use of CO2-reduced steel."
XCarb® recycled and renewably produced aims to reduce the carbon footprint of their customers
Since 2021, ArcelorMittal has been bundling all efforts towards climate-neutral steel production within the umbrella brand XCarb® by investing in technologies and start-ups, by awarding certificates for CO2 savings in steel production, and especially by low-carbon manufacturing variants. The XCarb® steel made from recycled and renewable material is produced in an electric arc furnace using 100% renewable electricity and up to 100% scrap depending on the steel grade. For these steel products, emissions can be as low as 333 kilograms of CO₂ eq. per tonne of end product.
The XCarb® recycled and renewably produced steel used by Finkernagel and EJOT significantly reduces the Scope 3 emissions of both companies respectively.
The EJOT Group aims to reduce its CO2 emissions from the current level of approximately 190 000 tonnes per year to zero by 2035.
In addition to a variety of its own measures to reduce Scope 1 and Scope 2 emissions, Finkernagel is primarily focussing on the use of a low-CO2 steel input material.
According to its decarbonisation strategy, ArcelorMittal aims to achieve net zero emissions worldwide by 2050.
ArcelorMittal Europe Communications