Beltrame Group will invest 300 million euros to build an eco-friendly rebar and wire rod factory in Romania that will include a greenfield steel and rolling mill and a 100mw PV park.
This will be the first steel mill green field project in Europe in decades. Currently, the company is considering several locations for the development of the production unit.
The eco-friendly factory will be the lowest emissions steel plant in the world, both in terms of greenhouse gases and suspended dust particles.
Also, water consumption will be minimal (by treatment and recirculation), ensuring the highest level of circular economy.
The new and innovative technology, developed in the last two years has the potential to place Romania at the forefront of innovation in the steel industry.
The plant will have a production capacity of approximately 600,000 tons / year.
Beltrame Group will generate approximately 250 new direct jobs locally, but also to almost 1,000 indirect jobs, of which at least 800 in the construction phase and about 150 in the production phase.
In the construction sector, the internal use of rebar and wire rod amounts to about 1.4 – 1.5 million tons per year.
This is expected to increase over the next 10 years at least, mainly due to governmental investments in public infrastructure, but also due to private investments.
At the moment, Romania imports almost entirely the necessary amount of rebar.
In Romania Beltrame Group owns the steel plant Donalam Calarasi. The company has over 270 employees and annually exports around 180,000 tons of products to the European market.
For this year, Donalam estimates a turnover of over 130 million euro, with a more than double increase compared to last year.