1937 - 1964
From Reichswerke AG to Salzgitter Hüttenwerk AG
Today is the 160th anniversary of the foundation of Ilseder Hütte AG, the historical roots of our company. The first shareholders and employees could have hardly imagined what this company in the former Kingdom of Hanover ultimately became: the Salzgitter AG – a globally active steel and technology group with around 25,000 employees and more than 160 subsidiaries and participations. read more
20 years ago, in the year of 1998, today’s Salzgitter AG seized the opportunity to become an independent group. read more
The Salzgitter Group and its management holding company Salzgitter AG are the corporate descendants of the Ilseder Hütte Corporation founded in 1858.
Ilseder Hütte, which was headquartered in Lower Saxony, was one of Germany's oldest steel companies. In 1970 the business merged with the Steel Division of the then state-owned Salzgitter Group to form the subsidiary Stahlwerke Peine-Salzgitter AG.
In 1992, the steel company was renamed Preussag Stahl AG following privatization and breaking up of the former Salzgitter Group by sale of the business to Preussag AG.
In 1998, Preussag Stahl AG was spun off from the Preussag Group and gained its independence. The change of name to Salzgitter AG and the stock market flotation in the same year marked the emergence of a new Group young in years but endowed with a great tradition.