1965

Acquisition of Röchling's holding by Buderus; new company

At the beginning of the year Buderus iron works acquired fifty percent of the share capital of Röchling iron and steel works. The new company name has since that date been Edelstahlwerke Buderus AG. The employees of the previous sales company, Röchlingstahl GmbH (277 staff and 39 workers) were taken on by Edelstahlwerke Buderus AG With effect from 1 January. The production of electric steel increased when the 50-tonne electric furnace was commissioned in the fourth quarter, with a corresponding decline in the smelting of open-hearth steel.