Total investments in the primary operations in the Krakow plant will amount to more than € 40 million, which also includes modernisation of the basic oxygen furnace No. 3.
Additional projects in the downstream operations will also be implemented. These include the extension of the hot rolling mill capacity by 0.9 million t/a. and increasing the hot dip galvanising capacity by 0.4 million t/a. The value of those two projects exceeds € 90 million in total.
"With these investments, ArcelorMittal Europe confirms the strategic importance of the Central- and Eastern-European market in which the Krakow plant is the centre of flat products operations in Poland", commented Sanjay Samaddar, chairman of the board at ArcelorMittal Poland. "We also welcome the recent declarations of the government, which recognise the importance of steel for the value chain, and the essential impact of steelmaking on other branches of industry, such as mining, energy, transport, construction and others".
He added: "We expect a level playing field for the energy-intensive industries in Poland, which will avoid competitive disadvantages and allow us to offer cost competitive and high quality products. We aim to cater to the growing demand of our customers in this region, hence the decision on capacity extension in the downstream operations of our plant in Krakow".