Georgsmarienhütte invests 25 million euros in rolling mill - German steelmaker bets €100M on growth despite soaring energy costs
The Georgsmarienhütte Group, a family-run steelmaker based just south of Osnabrück, has poured over €100 million into its main site in the last four years. Despite tough economic times and high energy costs, the company remains committed to growth, investing €80 million this year alone. A recent €25 million upgrade to its rolling mill now makes it Europe’s most advanced facility of its kind.
Founded in Georgsmarienhütte, the company expanded under Jürgen Großmann in the 1990s. Today, it employs more than 6,000 people across 15 sites and generates annual revenue of €2.3 billion. Its steel, produced from scrap metal in electric furnaces, supplies industries like mechanical engineering, power plants, and defence.
The company’s latest upgrades and the government’s energy relief package could strengthen its position in a challenging market. With €100 million invested since 2020 and a new rolling mill in place, Georgsmarienhütte is preparing for a more stable and competitive future. The reduced energy costs from 2026 may further support its long-term plans.
