By Andra Beltz
AFV Beltrame Group, the main shareholder of Donalam, one of the largest European producers of steel bars and special steels, is investing over 11 million euros in modernizing the rolling mill within the steel plant in Calarasi, according to the announcement made by the company. She informed that the new technology will replace the one dating from the ’70s and’ 80s and will contribute both to the reduction by up to 40% of the carbon emissions associated with the production, and to the increase of the competitiveness of the steel bars made in Romania.
The investment will be made from own funds and is expected to be completed by 2022.
Carlo Beltrame, CEO Donalam Calarasi, said yesterday in a press conference: “I had planned this investment within the group before the European Parliament approved” The Green Deal “, a project that obliges member states to major investments so that, until The EU will become climate-neutral by 2050. We are very pleased that our vision and the investments we have planned now have legislative and institutional support, both at European and national level. We are analyzing a much larger investment, of over 100 million euros, which would change the paradigm of the steel industry, considered for a long time, extremely polluting. We have the ambition to have in Romania in a few years the most « green “steel plant in Europe”.
Through trade partnerships with leading companies in Germany (GMH) and Austria (Voestalpine), Donalam products are then distributed in most of Europe.
Recently, Donalam completed a € 4 million investment in special steel bar treatment equipment. In 2019, the company achieved a turnover of 78 million euros and a sales level of 110,000 tons. Given the cyclicality of the metallurgical market at international level, the objective for 2020 is to maintain the share on the European market, by identifying new business niches. The company currently has 270 employees.
Must Read
More Articles Like This
- Advertisement -![]()