ThyssenKrupp Stainless AG is investing approximately $40.9 million in various measures aimed at expanding production at the Essen, Germany, site of ThyssenKrupp Titanium. A vacuum arc furnace was recently installed to increase melting capacity for titanium ingots. In addition, an electron beam furnace is currently being installed in a new on-site shop. These expansion projects are intended to meet rising global demand for titanium products.

The two new furnaces will significantly expand melting capacities at the Essen plant. The vacuum arc furnace commenced operation at the end of last year. The electron beam furnace currently being installed is planned to start production in early 2008.