Gerea said ArcelorMittal Galati representatives target an investment of EUR32 million aimed at increasing energy efficiency.
Gerea on Friday visited ArcelorMittal Galati and talked to the steel mill representatives about a series of aspects as regards improving the company’s general activity framework and boosting energy efficiency.
In the last ten years, ArcelorMittal Galati has invested nearly EUR800 million in technological upgrades, modernizing its production equipment and replacing obsolete devices. These investments rendered its production chain efficient.
ArcelorMittal Galati has around 6,500 employees. The company is part of the world’s largest steel producer, ArcelorMittal, controlled by Indian billionaire Lakshmi Mittal.
ArcelorMittal group announced earlier this year it will invest EUR40 million at its Romanian steel plant in Galati in 2015. ArcelorMittal expects the plant’s steel output to exceed 2 million tons this year, 300,000 more tons than in 2014.