[Ferro-Alloys.com]

According to reports in Romanian media, Italian AFV Beltrame Group, after a comprehensive feasibility study, will invest EUR 300 million to build an eco-friendly rebar and wire rod factory in Romania that will include a greenfield steel and rolling mill and a 100mw PV park. The plant will have a production capacity of approximately 600,000 tonnes per year. This will be the first steel mill green field project in Europe in decades. Currently, the company is considering several locations for the development of the production unit.

 

The eco-friendly factory will be the lowest emissions steel plant in the world, both in terms of greenhouse gases and suspended dust particles. Also, water consumption will be minimal (by treatment and recirculation), ensuring the highest level of circular economy. The new and innovative technology, developed in the last two years has the potential to place Romania at the forefront of innovation in the steel industry.

 

In Romania Beltrame Group owns the steel plant Donalam, specialized in the production of hot rolled steel bars and special steels, with are used in various industries, from oil and gas, automotive, large mechanical and hydraulic equipment, to agricultural machinery and equipment. The company has over 270 employees and annually exports around 180,000 tons of products to the European market. For this year, Donalam estimates a turnover of over 130 million euro, with a more than double increase compared to last year.

 

Founded in 1896, AFV Beltrame Group is one of the largest producers of merchant bars and special steels in Europe. The group owns 6 factories in Italy, France, Switzerland and Romania, with a total of over 2,000 employees, over 2 million tonnes sold annually and commercial activities in over 40 countries.

 

source：SteelGuru Business News