Local media WORT has reported that Luxembourg’s Minister of Economy Mr Franz Fayot acknowledged that Mr SanjeevGupta, the shareholder of Liberty Steel in Dudelange, is ready to sell the Luxembourg galvanized steel production site. He informed yhe parliament “We see for the first time a will to sell on the part of the shareholder.His ministry and the government would continue to play the role of facilitator in this sensitive matter, in order to guarantee the sustainability of the site and that including in a procedure of sale.” He also confirmed that an industrial player was interested in taking over the factory. He told “The dialogue is well advanced.” The minister did not give further details or a timeline, but added that local authorities will supervise the process to secure a future for the rolling mill at Dudelange. Liberty Steel has confirmed earlier last month the possibility of also selling its facilities in Belgium. Since 2019, the former ArcelorMittal factory located in the Wolser industrial zone in Dudelange has passed under the torch of Liberty House. Liberty Steel in Dudelange continues to remain idled at the moment. When the former Arcelor Mittal factory was acquired in 2019, Liberty Steel had 300 employees. Today, the company has only 170 employees. The company has two HDG lines with a capacity of over 600,000 tonnes peryear in Luxembourg, together with cutting and slitting operations.
Local media WORT has reported that Luxembourg’s Minister of Economy Mr Franz Fayot acknowledged that Mr SanjeevGupta, the shareholder of Liberty Steel in Dudelange, is ready to sell the Luxembourg galvanized steel production site. He informed yhe parliament “We see for the first time a will to sell on the part of the shareholder.His ministry and the government would continue to play the role of facilitator in this sensitive matter, in order to guarantee the sustainability of the site and that including in a procedure of sale.” He also confirmed that an industrial player was interested in taking over the factory. He told “The dialogue is well advanced.” The minister did not give further details or a timeline, but added that local authorities will supervise the process to secure a future for the rolling mill at Dudelange. Liberty Steel has confirmed earlier last month the possibility of also selling its facilities in Belgium. Since 2019, the former ArcelorMittal factory located in the Wolser industrial zone in Dudelange has passed under the torch of Liberty House. Liberty Steel in Dudelange continues to remain idled at the moment. When the former Arcelor Mittal factory was acquired in 2019, Liberty Steel had 300 employees. Today, the company has only 170 employees. The company has two HDG lines with a capacity of over 600,000 tonnes peryear in Luxembourg, together with cutting and slitting operations.
