- Investment of €400 million over five years in seven locations
- Sites officially relaunched this week under Liberty banner
- A newly integrated business, headquartered in the UK, stretching across nine European countries
- Liberty to introduce GREENSTEEL principles to improve sustainability
International metals and industrial entrepreneur Sanjeev Gupta today pledged to invest €400 million over five years to build Liberty Steel’s newly acquired European steelworks into a major force in the global steel industry. Liberty has set a goal of expanding sales at the plants by 50% by 2022.
Liberty Steel, part of the GFG Alliance, this week officially inaugurated seven steelworks and five major service centres as part of the GFG family. The sites were bought at the beginning of July in a €740 deal that made Liberty one of the top ten steel producers globally, excluding China, with a total rolling capacity in excess of 18 million tonnes.
The steelworks are in Ostrava, Czech Republic; Galati, Romania; Piombino, Italy; Skopje, North Macedonia; Dudelange, Luxembourg and two plants near Liege, Belgium. Taken together, they employ 14,000 people and take the GFG Alliance’s global workforce to nearly 30,000 across 30 countries.
Read the full media release on the Liberty website.
