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 Euro Forming Services
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EFS extension in Bitburg
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- Boulder Steel owns 50% of Euro Forming Services GmbH (EFS) based in Bitburg, Germany.
- EFS processes tubular steel products largely for the automotive industry using its own technology, including hot and cold forging as well as rotary forming of tubes.
- EFS’ products include air bag cylinders, shock absorbers, truck axles, gas dampening systems, cam shafts and hydraulic aircraft cylinders. The products are used in Mercedes Benz sedans, BMW, VW, Porsche, Renault, Bentley and Audi.
- Customers: DaimlerChrysler, BMW, Breed Technology, Hydac, Autoliv & Rotec and others. There is a high and growing demand for EFS products.
- Certified for ISO 9001 and the German automotive quality standard VDA 6.1.
- EFS is currently experiencing a significant growth phase. Net profits were made first in 2004 when revenue reached € 8.6 million. Revenue in 2007 was € 13.4 million.
- EFS will commission its new production facility at Heiligenkreuz in Austria in mid-2008.
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