# Acerinox to invest €67 million in VDM Metals for capacity expansion

Acerinox Group announced a €67 million investment in its high-performance alloys division VDM Metals, to build three new remelting units and a second powder atomisation plant at the Unna site in Germany, expanding production capacity.

- Type: Investment
- Announced: 2024-01-25
- Where: Unna, Altena, Werdohl, Germany, Germany
- Value: $73.0M (67.0M EUR)
- Status: announced
- Products: nickel alloys, high-alloy special stainless steels, metal powder
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [VDM Metals](https://endata.com/companies/23936.md)
- [Acerinox S.A.](https://endata.com/companies/27584.md) (investor)

## Sources

- [metal-am.com](https://www.metal-am.com/acerinox-to-invest-e67-million-in-vdm-metals-boosting-powder-production/), 2024-01-25: "Acerinox Group, Madrid, Spain, has announced plans to invest €67 million in VDM Metals, its high-performance alloys (HPA) division."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.