Duferco Secures Funds for SanZeno Beam Mill
Supported by the German Export Credit Agency Euler Hermes, UniCredit and DZ Bank have agreed for 11 year long EUR 72 million loan to Italian steel
Supported by the German Export Credit Agency Euler Hermes, UniCredit and DZ Bank have agreed for 11 year long EUR 72 million loan to Italian steel maker Duferco’s Duferco Travi e Profilati to set up a new rolling mill at San Zeno Naviglio in Brescia in Italy. The new SMS Group’s supplies SanZeno Beam Mill built with advanced environmental standards both in terms of energy, with the prevalent use of energy from renewable sources with the possibility of hydrogen power supply using 97% ferrous waste will be able to add 650,000 tonnes of production capacity. The new plant is expected to go into production by the end of 2022.
The overall investment is around EUR 180 million. Duferco signed the technology & equipment’s supply contract with SMS Group in November 2020. The mill will be realized with cutting edge technologies, focusing on digitization, artificial intelligence and automation both for production and logistics. The walking beam furnace will be supplied by the Italian company Forni Industriali Bendotti and will be equipped with innovative hydrogen fuel injected burners, further contributing to decarbonize the production process.
With 900,000 tonnes of steel produced each year in nine plants in Italy, France and Denmark, Duferco's steel division is one of the leaders in Europe in the production of beams and long rolled products. With the new mill, the capacity of the Group will reach 1.5 million tonnes of long products.