Sidenor Investing in Basauri Plant in Spain
European leader in Special Steel Long Products Sidenor is finalising investments in its Basauri plant in Spain, where it has carried out a technological renovation of the installations. For this purpose, the company has invested a total amount of 131 million euros, in two phases. The first one, amounting to 41 million euros, took place in 2017, and the second one, which is about to be finalised, has meant an investment of 90 million euros. Specifically, the second investment phase included the renovation of the Basauri rolling mill, in addition to building a new storage area for semi-products, a new bar straightening, control and wrapping line, two new thermal treatment furnaces and to extending the metallurgy lab. All these new elements were added together with the corresponding auxiliary installations such as overhead cranes, transport platforms, water, air and gas infrastructure, as well as training centres, among others.
The new rolling mill thus shows an increased capacity, up to 500,000 tonnes per year, while the bar manufacturing range is extended. This major investment will also improve product and process quality, which will lead to an increased competitiveness and efficiency.
Sidenor thus confirms its leadership in the production of special steel bars that meet the highest internal and dimensional surface quality requirements, which will enable the company to access markets where it had not been present so far.