The Lossnitz Foundry in Saxony, Germany, faces challenges due to soaring electricity prices, leading to concerns about its future. Managing director Max Jankowsky highlights the urgency of transitioning to green technologies amid uncertainty. Other steel companies, such as Feralpi and Georgsmarienhutte, are also suffering. Production halts and strategic adjustments to nighttime operations reflect a broader struggle within the industry due to exorbitant energy costs. This situation showcases the necessity for reevaluating energy strategies in the traditional manufacturing sector.
The current electricity prices are really painful. There's a lot of uncertainty," said Jankowsky, emphasizing the heavy burden of escalating costs faced by his foundry.
Both Feralpi and Georgsmarienhutte melt their steel with electricity, with the latter company consuming more electricity a year than an average city of 150,000 inhabitants.
#electricity-prices #manufacturing-challenges #green-technology #foundry-operations #german-industry
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