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ArcelorMittal Expands Czech Republic Steel Service Center
09/12/2007 - ArcelorMittal will invest in a new US$18 million cut-to-length line for hot rolled coils at its steel service center in Ostrava, Czech Republic, part of the company’s development strategy in Central & Eastern Europe.
ArcelorMittal will invest in a new cut-to-length line for hot rolled coils at its steel service center in Ostrava, Czech Republic. The company says the investment is part of its development strategy in Central & Eastern Europe.
The new 250,000 tonnes per year line will be located next to the two cut-to-length lines already in operation in Ostrava, taking the de-coiling capacity to a total of 400,000 tonnes. This unique location will allow the new steel service center to benefit from significant logistics and cost competitiveness.
The company says the new line complements the ongoing de-bottlenecking of Ostrava’s hot rolling mill. It will also strengthen the company’s existing network of steel service center operations in Poland, Slovakia, and the Czech Republic, helping to meet the growing demand for quality sheets in Czech Republic, as well as in neighboring Slovakia, Hungary and South-East Germany.
ArcelorMittal currently operates steel service centers in Cracow, Bytom, and Walbrzych, Poland; Senica in Slovakia; the existing operation sin Ostrava; and the recently acquired TBS facility
Philippe Darmayan, CEO of ArcelorMittal Steel Solutions and Services, and Vijay Bhatnagar, CEO for Eastern Europe, declared: "This project is another key element of our strategic development plan in Central and Eastern Europe , as part of our drive towards quality and service leadership".
The line, which will cost US$18 million, will start operating mid-2008.
ArcelorMittal is the world's largest steel company, with 320,000 employees in more than 60 countries. The company leads a number of major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal’s key pro-forma financials for 2006 show combined revenues of USD 88.6 billions, with a crude steel production of 118 million tonnes, representing around 10% of world steel output.
