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13-03-2008 MetalBulletin Daily - London by Ben Garside
Marcegaglia mulls 1 million tpy plate mill project

ANTONIO MARCEGAGLIA CEOSteno Marcegaglia
Chairman and Managing Director
Antonio Marcegaglia
Chief Executive Officer

Marcegaglia is considering the construction of a 1 million tpy plate rolling mill in the European Union as part of its ambitious expansion plans, ceo Antonio Marcegaglia told MB.
The ceo said the proposal for a European plate re-roller was still in the early stages and nothing has been finalised.

The company said in 2006 that it was planning euro 1 billion of investment over a four-year period to double output to 8 million tpy by 2010.
Some of the plate could potentially be used to feed new Marcegaglia facilities under construction in Poland.

The company has other investment projects under way in Italy and Brazil. Strong demand for heavy plate in Europe has created a strong selling environment, mostly for Italian re-rollers.


Marcegaglia revealed that it is considering bolstering its European plate production on the day it announced plans to construct its first plant in China — a tube mill in Yangzhou.
The group’s global operations include 50 companies, 6,500 employees, 250 sales representations and 47 production plants

 

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Marcegaglia - China

Marcegaglia mulls 1 million tpy plate mill project

source:MetalBulletin Daily

 
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