Voestalpine turns eyes back to Romania: steel parts plant in Giurgiu, media says

Austrian steel producer Voestalpine will build a steel accessories factory in Giurgiu, according to Romania media quoting a press invitation. The project will benefit from EU funding and more details will be revealed in a press meeting next week. The group, which is already present in Romania though its British subsidiary Emsteel, announced in 2007 it will build a steel service center in Giurgiu. Construction works on the project should have started in 2008. The project would have required EUR 18 million in investment and was supposed to become operational mid – 2009. “In the Romanian town of Giurgiu, about 60 km south of Bucharest, we have found a location, which is directly on the Danube and therefore a logistically ideal site that can be reached cost-effectively from Linz,” said Voestalpine's CEO Wolfgang Eder at the time. Romania was also on Voestalpine's list for a new steel plant on the Black Sea shore. The country was then competing with Ukraine, Bulgaria and Turkey. Meanwhile, the steel producer has signed an agreement with Turkey to build a plant there, in partnership with the Turkish State Railways and Turkish steel producer Karabuk Demir Celik Sanayi ve Ticaret A.S (Kardemir).