The investment will allow the manufacturer to produce higher added-value steel products in terms of treatment and finishing.
“Our goal is to develop customized products and products with added value to meet demand for quality, flexibility and durability. We have also planned other ambitious investments for the coming years, which will contribute to our further development and market share,” said Carlo Beltrame, CEO of Donalam Calarasi.
The new business strategy, resulting from a joint-venture with German group GMH, is to import raw material from Germany and perform hot rolling and finishing processes in Romania.
Donalam has a turnover of EUR78 million in 2019 and its sales amounted to 106,000 tons. It has around 270 employees.