ArcelorMittal Zenica, the largest steelmaker in Bosnia and Herzegovina, is investing 4.65 million Euros to further enhance its production facilities.
Once completed, the plant will be capable of producing high density coils of rebar and will be able to reduce the cost of finishing, according to ArcelorMittal, the world’s largest steelmaker.
In fact, once the enhancement work is finished, ArcelorMittal Zenica will be the only steelmaker in the Balkan region producing rebar, it is claimed. This fact alone will boost Zenica’s market share in South East Europe and extend the plant’s product range.
Since acquiring the steel plant in 2004, ArcelorMittal Zenica has invested over 154 million Euros on equipping it for the market. The current upgrading project follows hot on the heels of a 5.5 million Euro project to install new filters in the plant’s basic oxygen furnace (BOF), which will ‘bring major improvements to the factory’s environmental footprint.’
The company behind the enhancement work is SMS Group.