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BUSINESS

Siemens cuts woman who broke glass ceiling

The first woman to reach the executive board at German engineering giant Siemens, shattering the firm's glass ceiling, will not have her contract renewed, it was reported on Wednesday.

Siemens cuts woman who broke glass ceiling
Photo: DPA

Barbara Kux was hailed as a pioneer when she was appointed to the Siemens board in 2008 with responsibility for supply chains and sustainability. The 58-year-old from Switzerland was the first woman to reach such professional heights at Siemens.

But the tech giant has decided not to renew her contract at the next meeting of the supervisory board at the end of the month, the Financial Times Deutschland reported.

Another woman followed Kux to the board in 2010 – Brigitte Ederer – who will likely be the only woman left as of November.

Despite a career which has included significant management positions with international companies such as Nestlé, Ford and Philips, she was unable to establish herself in the male-dominated top echelons of Siemens, the paper wrote.

It said that head of Siemens supervisory board Gerhard Cromme and executive board head Peter Löscher will have to admit that their choice of Kux was a poor one. Although Cromme wanted to keep her, he was apparently unable to overcome opposition from others within the company who want to split her job between other executives.

Taking home €3.9 million a year, Kux was Germany’s best-paid female manager.

The Local/hc

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ENVIRONMENT

Sweden’s SSAB to build €4.5bn green steel plant in Luleå 

The Swedish steel giant SSAB has announced plans to build a new steel plant in Luleå for 52 billion kronor (€4.5 billion), with the new plant expected to produce 2.5 million tons of steel a year from 2028.

Sweden's SSAB to build €4.5bn green steel plant in Luleå 

“The transformation of Luleå is a major step on our journey to fossil-free steel production,” the company’s chief executive, Martin Lindqvist, said in a press release. “We will remove seven percent of Sweden’s carbon dioxide emissions, strengthen our competitiveness and secure jobs with the most cost-effective and sustainable sheet metal production in Europe.”

The new mini-mill, which is expected to start production at the end of 2028 and to hit full capacity in 2029, will include two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill to produce SSABs specialty products, and a cold rolling complex to develop premium products for the transport industry.

It will be fed partly from hydrogen reduced iron ore produced at the HYBRIT joint venture in Gälliväre and partly with scrap steel. The company hopes to receive its environemntal permits by the end of 2024.

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The announcement comes just one week after SSAB revealed that it was seeking $500m in funding from the US government to develop a second HYBRIT manufacturing facility, using green hydrogen instead of fossil fuels to produce direct reduced iron and steel.

The company said it also hoped to expand capacity at SSAB’s steel mill in Montpelier, Iowa. 

The two new investment announcements strengthen the company’s claim to be the global pioneer in fossil-free steel.

It produced the world’s first sponge iron made with hydrogen instead of coke at its Hybrit pilot plant in Luleå in 2021. Gälliväre was chosen that same year as the site for the world’s first industrial scale plant using the technology. 

In 2023, SSAB announced it would transform its steel mill in Oxelösund to fossil-free production.

The company’s Raahe mill in Finland, which currently has new most advanced equipment, will be the last of the company’s big plants to shift away from blast furnaces. 

The steel industry currently produces 7 percent of the world’s carbon dioxide emissions, and shifting to hydrogen reduced steel and closing blast furnaces will reduce Sweden’s carbon emissions by 10 per cent and Finland’s by 7 per cent.

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