STEEL
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Steel Plant Donalam Calarasi in the Red After 16% Decline in Revenue
Steel plant Donalam Calarasi held by AFV Beltrame Group, one of the largest steel bar and special steel manufacturers in Europe, posted 367.3 milion lei (EUR77.5 million) revenue in 2019, 16...
Donalam Calarasi Invests EUR4M in New Equipment
Donalam steel mill in Calarasi, one of the main laminated steel bar manufacturers, part of Italy's Beltrame, has invested nearly EUR4 million in special steel bar treatment equipment.
Proinvest Pascani Seeks to Raise EUR30M with Bond Issue on Bucharest Stock Exchange
Steel processing company Proinvest Pascani of entrepreneur Vasile Sandu is working on a EUR30 million bond issue to be listed on the Bucharest Stock Exchange, as part of a EUR100 million inv...
New Owners of Sidex Galati Plan to Achieve Significant Growth in Sales by 2022
The first concrete step of the new owners of the Sidex Galati steel mill was the rename the plant from ArcelorMittal to Liberty Galati. Jon Bolton, CEO of Liberty Steel Continental Europe, t...
Proinvest Group to Start Production at New Sandwich Panel Plant by Yearend
Proinvest Group in Pascani (NE Romania), a company specializing in steel products, will open a new sandwich panel plant in Stolniceni Prajiescu, Iasi County, in late 2019.
Sanjeev Gupta, Sidex Galati: We Want To Supply Sheet Metal To Renault And Ford Plants In Romania
Indian businessman Sanjeev Gupta, who is buying Sidex Galati steel mill, told ZF in an interview he wanted to explore every opportunity in Romania for each operation of his group and that in...
Proinvest Group Seeks RON17M State Aid For New Plant
Proinvest Group in Pascani, which specializes in steel processing, has applied for almost 17 million lei (EUR3.6 million) state aid. The money should go towards building a plant.
ArcelorMittal Could Sell Romanian Mill. Metinvest-Marcegaglia Joint Venture Potential Buyer
ArcelorMittal group could sell the steel mill in Galati (the former Sidex), to offset the takeover of Ilva (Italy), the largest steel plant in Europe, Reuters reports, noting the decision to...
ArcelorMittal Galati Supplies Steel For Construction Of Icebreaker Made At Damen Shipyards In Galati
ArcelorMittal Galati, Romania, has supplied steel for an Antarctic Supply Research Vessel (ASRV) with icebreaking capabilities commissioned by the Australian government to broaden the countr...