Italian Arvedi Group has unveiled its plans for Acciai Speciali Terni. Arvedi will invest EUR 1 billion in four or five years to relaunch Acciai Speciali Terni and make it competitive. Arvedi Group President Mr Giovanni Arvedi presented the industrial plan for decarbonization of Acciai Speciali Terni to adminstrators of Terni in Umbria Region of Italy and an agreement reached between the representatives of the trade unions and the company management of Acciai Speciali Terni.The plan, which will be implemented in two stages, entails the construction of a seventh cold rolling mill, a bright annealing line, a pickling, rolling and annealing line for stainless steel, and a slab heating furnace with hydrogen-methane combustion - and an innovative scrap yard, as well as a new finishing complex for magnetic steels.Arvedi's objective is to use the entire production capacity of the two furnaces present in the steel plant, bringing it up to approximately 1.6 million tonnes. The plan will develop on the basis of agreement on a program with the Italian government that will also involve local and national institutions and trade unions. The plan will address the issue of energy, in particular to allow the production of green hydrogen, with which all heating furnaces will be powered, thereby contributing to decarbonization.Arvedi acquired Acciai Speciali Terni from ThyssenKrupp recently,
Italian Arvedi Group has unveiled its plans for Acciai Speciali Terni. Arvedi will invest EUR 1 billion in four or five years to relaunch Acciai Speciali Terni and make it competitive. Arvedi Group President Mr Giovanni Arvedi presented the industrial plan for decarbonization of Acciai Speciali Terni to adminstrators of Terni in Umbria Region of Italy and an agreement reached between the representatives of the trade unions and the company management of Acciai Speciali Terni.The plan, which will be implemented in two stages, entails the construction of a seventh cold rolling mill, a bright annealing line, a pickling, rolling and annealing line for stainless steel, and a slab heating furnace with hydrogen-methane combustion - and an innovative scrap yard, as well as a new finishing complex for magnetic steels.Arvedi's objective is to use the entire production capacity of the two furnaces present in the steel plant, bringing it up to approximately 1.6 million tonnes. The plan will develop on the basis of agreement on a program with the Italian government that will also involve local and national institutions and trade unions. The plan will address the issue of energy, in particular to allow the production of green hydrogen, with which all heating furnaces will be powered, thereby contributing to decarbonization.Arvedi acquired Acciai Speciali Terni from ThyssenKrupp recently,
