Sidenor Corporate Report 2019

24 Corporate report 2019 | What we do At Sidenor, we work to create value in a sustainable way throughout the entire steel lifecycle: from collecting scrap, which we use as a raw material to manufacture our entire range of products, until these become scrap again. Innovation and continuous improvement are present in everything we do, with the aim of obtaining products WE PRODUCE STEEL , WE BOOST THE SECTOR which meet the functional and quality needs of our customers. This philosophy also leads us to implement best business practices, which help us optimise efficiency by generating less waste and minimising the use of natural resources. In this sense, our production centres are highly specialised and fitted with state-of-the-art equipment and technologies. A year of investments In 2017, we launched a major investment plan which will allow us to further develop and improve so as to remain a reference company in the sector. After performing an investment amounting to 45 million euros in 2017 and 19 million in 2018, we invested in 2019 an additional 51 million in equipment upgrade and process improvement in order to increase our competitiveness and safely meet the challenges of the future, thus ensuring the sustainability of our business in the long term. The set of investments launched in 2017 will be completed by the end of 2020. In 2019, we invested 51 million euros in equipment upgrade and process improvement