The Industrial Productive Investment Support Fund (FAIIP), managed by SEPIDES, has approved a new project worth €13.5 million in Sagunto (Valencia).
With this financing, GALMED STEEL, S.A. will relaunch its galvanizing operations, strengthening its industrial and production capacity.
Galmed Steel is dedicated to continuous hot-dip galvanizing of flat steel, focused on meeting the needs and expectations of its clients while maintaining the highest quality standards in its products and services — the primary objective of its operations.
Founded in 1992 as a joint venture between three European steelmakers (Thyssen Stahl, ENSIDESA, and SOLLAC), it represented a close and efficient service model for its clients, mainly in the automotive sector. In 2003, the ThyssenKrupp Group, a direct subsidiary of ThyssenKrupp AG, acquired 100% of the shares, becoming the company’s sole shareholder.
In December 2024, the company was acquired by OH Equity Investments, which became its sole shareholder. In this new phase, the company is also targeting the industrial sector, diversifying its production with the same expertise and innovation that distinguish it in the automotive sector, aiming to offer high-performance solutions tailored to the needs of its clients.
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