Following the investment, the company has cut steam consumption by half, ArcelorMittal Galati said in a press release Tuesday.
“We have an extended program of increasing the energy efficiency of our company, and this new investment is part of it, allowing us to make immediate and long term savings in energy consumption. Our focus is to increase the performance of our operations, so we can adapt to the demands of our clients and, also, to the realities of the market. We will continue to invest for the implementation of modern technologies that support the better and more productive use of our production processes,” company CEO Bruno Ribo said.
Over the past 10 years, ArcelorMittal Galati invested almost EUR800 million in technology and production facility upgrades and the replacement of obsolete equipment.
ArcelorMittal is the world’s leading steel and mining company, present in 60 countries and with an industrial footprint in 19 countries.