LIBERTY Steel Group, part of Sanjeev Gupta’s sustainable industry leader GFG Alliance, today announces that it has taken over the lease for Huta Częstochowa, one of Poland’s largest steel mills.
The restart of production has already taken place with the first plates having been rolled by the plant’s mill, using steel from LIBERTY Ostrava.
Corween Investments (to be renamed LIBERTY Częstochowa) has taken on the plant’s lease from the plant’s Administrator until mid 2021.
LIBERTY is also taking an active role in the plant’s acquisition, based on the sales process determined by the Court.
LIBERTY believes the addition of the Huta Częstochowa, which has the capacity to produce up to 0.7 million tonnes per annum (mtpa) of GREENSTEEL from its electric arc furnace and 1.2 mtpa from its Heavy Plate Mill, will give it the opportunity to strengthen its position in the European GREENSTEEL sector.
The plant will also benefit from synergies due to its geographic proximity to LIBERTY’s existing assets, particularly LIBERTY Ostrava in the Czech Republic, and the strength of LIBERTY’s sales, marketing and distribution teams across Europe.
Read the full media release on the LIBERTY Steel Group website.
