Boulder Steel Limited (Boulder) is an Australian listed company with a market capitalisation of approx. A$125 million (as of 1 January 2008).  It is also listed on the Frankfurt, Berlin/Bremen, Munich and Stuttgart stock exchanges in Germany as well as on the Dubai International Financial Exchange (DIFX).

Boulder owns 50% of Euro Forming Services GmbH ("EFS"), a car component manufacturer based in Bitburg, Germany.

Currently Boulder is working towards establishing a pig iron facility and, at the second stage, Australia's only seamless steel tube plant.  This plant will service the fast growing markets in the Asia Pacific region.  

Currently, Boulder’s major assets comprise:

• 50% ownership of Euro Forming Services GmbH (“EFS”), a forging company, based in Bitburg, Germany.  EFS has successfully commercialised an internationally leading edge forging technology used primarily for the manufacturing of light-weight, high-strength car and aerospace components from tubular steel.  The cash-flow producing business has experienced exceptional growth since its start in the Year 2000.
  
• Markets for EFS products are readily available and further growth will be ensured by providing funding for expansion.
  
• 100% ownership of a project which will initially produce pig iron, and at later stages will construct a state-of-the-art steel plant and tube mill in Australia, designed to service the fast growing markets in Australia and in the Asia Pacific region. The steel plant will focus on the production of seamless tubes for Australia as well as the Asian Pacific and Middle Eastern regions.
  

Strengthening and expanding this existing asset base is Boulder’s prime objective.

Beyond this objective, Boulder has identified and / or secured additional opportunities to grow and expand its activities.  These will focus on the steel business and its raw material base.  One of opportunities which will require substantial funding is the expansion of the EFS activities into other parts of the world, where strong growth markets for EFS products have been identified. As a first step, EFS has recently moved one of its production lines into an existing workshop in Czech Republic as well as to a new facility on the Austrian-Hungarian border where significant production cost savings will be realised.