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Big investment in the Black Sea area (Romania, Bulgaria and Ukraine)

10 billions Euros will be invest by Voest Alpine (voestalpine AG), Austria, in eight areas at the Black Sea, in Romania, Bulgaria and Ukraine, in order to build a siderurgical aggregated group of plants with 10,000 employees, build on 1,000 ha of land.

Big investment in the Black Sea area (Romania, Bulgaria and Ukraine)

Petru Ianc, the chief of the General Department for Industrial Policy within the Economy Minister says that Voest Alpine is very decided to make this investment.

A team from Voest Alpine started to study the possibilities of location for the future project. Some days before the Austria Finance Minister, Wilhelm Molterer, just visited Romania, and about a month ago the biggest steel producer from Austria told that “although we increased the production capacity for the plant in Linz, we cannot cover the request and we think to build the second plant, at the Black Sea”. There it is a rumor that the new plant will have an annual production capacity of five millions tones and it will be launched in 2012.

Siderurgical plant in Romania

The investor takes into consideration three possible areas in Romania, three in Ukraine, and two in Bulgaria, but till the end of this year it has to be selected three areas only for the final decision.

Such an investment will make Romania within the first six steel producer from the European Union, says Petru Ianc.

The newspaper Adevarul says that Voest Alpine has already acquired in Romania some companies, in Satu Mare and Buzau, and a service center in Giurgiu.

voestalpine AG voestalpine AG is an international steel company based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries.

In April 2007, voestalpine made a bid for the Austrian Tool Steel producer Böhler-Uddeholm. The bid was accepted by a majority of shareholders in June.

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