SCHMOLZ + BICKENBACH Group becomes Swiss Steel Group
12 October 2020
The SCHMOLZ + BICKENBACH Group is now called Swiss Steel Group. The proposal for the change of name submitted by the Board of Directors was approved by a large majority at the extraordinary general meeting held recently. Around 98% of shareholders voted in favor of the proposed reduction in par value and the change of name of the legal entity to Swiss Steel Holding AG.
With the change of name, the Swiss Steel Group is closing a piece of tradition and also breaking hopeful new ground in the future of steel development. This is also underlined by the Group's new claim "Together. A future that matters". The course for the rebranding has been set over the past few weeks and months: With the recent financial agreements, the Group's liquidity has been secured. The overall financing concept is also in its final stages and, in this respect, the going concern of the company has also been secured. The change of name now decided upon directly affects all units that previously carried the name SCHMOLZ + BICKENBACH. The legal unit in Lucerne also has a new name Swiss Steel Holding AG. The Ascometal, Deutsche Edelstahlwerke, Finkl Steel, Ugitech S.A., Steeltec and Swiss Steel business units will all retain their names, but will be referred to as "Companies of the Swiss Steel Group" with immediate effect and will each appear under a new logo.