Since we presented our last sustainability report 3 years ago, the world has changed drastically yet again. The Corona crisis has hit us hard as a company and has put an unprecedented strain on our employees and our business.
Despite and perhaps even because of the pandemic, it is important for us as a company that sustainability aspects, such as climate protection, do not take a back seat. We must now face the challenges of this century, solve the problems that arise in the process, in order to be able to head into the future stronger than before. We see ourselves as part of the solution. OTTO FUCHS develops and produces high-quality and safety-relevant components made of non-ferrous metals such as aluminium, nickel, titanium and copper. Our products are used where reliability matters - in mobility, construction and industrial technology. We supply a number of industries that will see extensive and structural change in the coming years and decades.
We have understood that we play a key role in this transformation process. On the one hand, our innovative products which feature excellent material properties allow our customers to exploit the full potential of forging and forming technology and thus create the mobility solutions of the future. High material strengths combined with lightweight materials, such as aluminium, mean that we can manufacture extremely reliable products with slim geometries, thus perfecting lightweight construction.
On the other hand, we have a deep value chain. We are therefore responsible for the energy consumed and emissions produced in the production process. Developing our processes and procedures further, for example to consume less and less energy, has always been part of our business model. Digitisation will play a key role in the further development to become even more efficient in the future.
As a family business with a long tradition, sustainable management has always been in our own interest. Over the last 5 years alone, we have invested more than 850 million euros, financing state-of-the-art plants, low-emission energy generation plants for example, and expanding and modernising our infrastructure. We have created an ideal basis for proactively and purposefully implementing the demands placed on us reliably and for continuing to be the innovation driver in our industries in the future. We will face the challenges together with our partners to develop long-term solutions and complete the CO₂ phase-out. In addition to climate protection, all other key sustainability aspects are a matter of course for us.
We are pleased to present our new Sustainability Report for 2018, 2019 and 2020 and hope you enjoy reading it.
Dr.-Ing. Hinrich Mählmann
Personally liable partner