1930

Completion of the expansion programme, and concentration on special fields

The expansion programme started in 1927 was completed. The first expansion phase increased the capacity of the two open-hearth furnaces to 22 tonnes each. Output was then increased in the rolling mill as well by investing in expansion and technical improvements, as well as in the hammer mill and annealing plant. Expansion of the machining workshop, capable of machining forgings weighing up to around 10 tonnes since 1928, opens up new potential markets. TThe wire drawing shop and the cold rolling mill came into operation in the course of this year. The new potential for sales this opened up in specialist areas offset the downturn in turnover and revenue associated with the steadily deepening economic crisis at national and international level prevailing since autumn 1929.