December 02, 2008

ArcelorMittal Poland launches HSM at Krakow in Poland

It is reported that a new 2,100 mm hot sheet rolling mill was launched at the ArcelorMittal Poland steel mill in Krakow thus fulfilling one of its obligations stemming from an agreement signed with the Ministry of Treasury in October 2003 concerning the privatization of Polskie Huty Stali SA.

As per report in the Polskie Huty Stali privatization agreement, LNM Holdings undertook as a strategic investor to implement an investment program to the tune of over PLN 2.4 billion. The program whose aim was to broaden the offer and to introduce highly processed products provided for four main investment projects
1. The construction of a new hot strip rolling mill in Krakow
2. Building of a third steel slab caster in Dąbrowa Górnicza
3. Modernization of the wire rod mill in Sosnowiec
4. Construction of a color coating line in Świętochłowice.