Boulder Steel Limited (Boulder) is an Australian listed company headquartered in Sydney. It is listed on the Frankfurt, Berlin/Bremen, Munich and Stuttgart stock exchanges in Germany. 

Boulder owns 50% in Euro Forming Services GmbH (EFS) in Bitburg, Germany. EFS produces high quality components for the Automotive and Aerospace industries. Since its foundation in 2000 the company has experienced exceptional growth and has recently expanded its production facilities.

Boulder is proposing to construct and operate an integrated steel plant at a site in the Aldoga Precinct of the Gladstone State Development Area. The eventual production capacity of the plant will be 5 million tonnes per annum (Mtpa) of semi-finished products to supply the equally important downstream process facilities of ABS Boulder in the Kingdom of Saudi Arabia.  

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.
  
  
• The company has recently signed a memorandum of understanding with Arabia for Business Strategies LLC (ABS) for the establishment of a joint partnership that blends the financial strength, expertise and knowledge of both organisations to form a world-class steel group. The group will integrate raw materials, semi-products and downstream products in a complementary manner focused upon delivering quality steel products to the Kingdom of Saudi Arabia and the Middle East and North Africa region in a cost effective manner.
  
  The UAE seamless tubes finishing plant project is currently being reassessed in order to achieve the best possible outcome for the Company’s shareholders as far as the Sharjah property is concerned.
  

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 a new facility on the Austrian-Hungarian border where significant production cost savings will be realised.