ArcelorMittal Zenica Invests €4.65 Million in New Coil Production Facility
01/22/2015 - ArcelorMittal Zenica, the region’s largest steel producer, announced further enhancements to its production facilities in an investment project valued at €4.65 million.
Once the project is complete, the new facilities in Bosnia and Herzegovina will be capable of producing high density coils of rebar — demand for which is strong — and will greatly reduce the cost of finishing. ArcelorMittal Zenica will be the sole producer of coiled rebar in the Balkan region which will boost its market share in southeast Europe and extend the plant’s product range. By 2019, it will ensure full operation of the bar mill. Machinery will be installed by SMS Group, one of the world’s leading specialists in steel production machinery.
Commenting, ArcelorMittal Zenica’s CEO, Biju Nair said: “This is yet another demonstration of our firm commitment to building a long term, sustainable future for steelmaking in Zenica. Efficient, high quality and cost-effective production, while keeping our customers’ needs in focus are essential to our plans, and the addition of state-of-the-art coil production to our capability answers all those requirements.
“It will further strengthen our position as the leading steel producer in the Balkans and give us a strong competitive edge as customers increasingly demand higher quality and better service. Additionally, it will provide substantial economic opportunities for local businesses and thus the entire local community.”
ArcelorMittal Zenica has invested more than €154m since it acquired the steel factory in 2004. Many of its plants had been previously disused for over 17 years, since the conflicts of the 1990s. The latest investment announcement follows the launch in December 2014 of a €5.5m project to install new filters in the basic oxygen furnace (BOF) steel plant that will bring major improvements to the factory’s environmental footprint.
Commenting, ArcelorMittal Zenica’s CEO, Biju Nair said: “This is yet another demonstration of our firm commitment to building a long term, sustainable future for steelmaking in Zenica. Efficient, high quality and cost-effective production, while keeping our customers’ needs in focus are essential to our plans, and the addition of state-of-the-art coil production to our capability answers all those requirements.
“It will further strengthen our position as the leading steel producer in the Balkans and give us a strong competitive edge as customers increasingly demand higher quality and better service. Additionally, it will provide substantial economic opportunities for local businesses and thus the entire local community.”
ArcelorMittal Zenica has invested more than €154m since it acquired the steel factory in 2004. Many of its plants had been previously disused for over 17 years, since the conflicts of the 1990s. The latest investment announcement follows the launch in December 2014 of a €5.5m project to install new filters in the basic oxygen furnace (BOF) steel plant that will bring major improvements to the factory’s environmental footprint.
