Spanish stainless steel producer Acerinox S.A. announced on July 9 that it will separate its industrial and holding businesses and create a new 100 percent-owned company called Acerinox Europe in order to hold the industrial and productive assets of the Campo de Gibraltar Factory and all the services centers of Acerinox in Spain.
Acerinox S.A. aims with this operation to make more homogeneous and coherent the structure of the group, developing all the industrial business through its subsidiaries (Acerinox Europa, NAS, Columbus, Bahru Stainless, Roldan and commercial subsidiaries). The parent company, Acerinox, becomes a holding company, specialized in coordination and global management, providing services to rest of the group's companies.