At a glance
- 20% boost in employment as 81 young recruits join LIBERTY Magona following €10 million investment
- 40% increase in production capacity following restart of the plant’s mothballed Pickling and Organic Coating No 1 lines
- First step in €100 million strategic investment to transform LIBERTY Magona into a leading European supplier of coated steel products
Sanjeev Gupta, Executive Chairman of LIBERTY Steel Group and GFG Alliance, today celebrated the restart of LIBERTY Magona’s Pickling Line and the completion of the restart work for the plant’s Organic Coated Line No1. The €10 million investment has led to a 40% increase in production capacity and a 20% increase in employment at the site with 81 young recruits joining the business.
Sanjeev Gupta, Executive Chairman, LIBERTY Steel Group and GFG Alliance said: “I’m delighted to celebrate the first steps in our transformation plan for LIBERTY Magona just 12 months after we acquired the business, and many years since the facility has received investment. The €10 million we have invested to restart the mothballed production lines will boost our capability and competitiveness, but most importantly it will see the next generation coming into our business with 81 new recruits between the ages of 20-25 years joining the LIBERTY Magona team. It is vital to the future of our economy and wider society that we attract more young people into the high-quality, high-skilled, jobs our industry can offer.
“I’d like to thank everyone for being here today. After a difficult time over the last few months following the COVID-19 outbreak, I am pleased we can celebrate some good news and I look forward to further developments in the years to come as we continue to implement our transformation plan.”
Sanjeev was joined by Francesco Ferrari, the Mayor of Piombino, employees and around 40 guests observing strict social distancing rules to formally inaugurate the pickling line which entered service in February this year.
Visit the LIBERTY Steel Group website to read the full media release