Liberty International plans to build EUR 150 million steel plant in Romania

According to media reports, the steel producer is going to build a foundry first and then a rolling mill. Half of the plant's output will be sold in Romania and the remainder will be exported to the European Union, North Africa and the Middle East. Liberty International, via its Romanian subsidiary Transdanube Industries, acquired the Turol casting house in Oltenita for EUR 16 million two years ago. In Romania, the new plant will be competing with the Russian steel producer Mechel, Romanian pipe producer Tenaris Silcotub, a member of Silcotub Group, and with ArcelorMittal Galati.The Liberty International group controls steel factories in Nigeria, Sudan, Morocco and India with a total capacity of one million metric tonnes. Liberty estimates that it will triple its production from all factories by 2012.
Dana Ciuraru