JSW Steel has announced a 140 million investment to restart and expand operations at the Piombino plant in Italy, aiming to modernize the facility and double its rail-making capacity.
Via p;2 Companies That Could Help Europe Win Its Energy War With Russia JSW Steel first came to Italy looking for business sometime in 2018. Soon after, it announced the takeover of Aferpi S.p.A, Piombino Logistics S.p.A and GSI Lucchini S.p.A for 55 million euros. Aferpi specializes in producing specialized long steel items like rails, wire rods, and bars. At that time, the company had an impressive annual capacity, with a rail mill capable of producing 0.32 million tons.
Sometime later, steel p;Europe’s Secret Weapon In Its Energy War With Russia Nonetheless, JSW Steel underwent a remarkable evolution over three decades, transitioning from a solitary manufacturing entity to a prominent integrated steel enterprise operating in India and the United States. Altogether, the firm’s holdings boast a combined capacity of 29.7 MTPA.
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