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• LIBERTY Steel Group takes on lease for the Huta Cz臋stochow steel works and restarts the plant
• 天博体育官方网站 first plates are already being rolled using steel from LIBERTY鈥檚 steelworks at Ostrava

LIBERTY Steel Group, part of Sanjeev Gupta鈥檚 sustainable industry leader GFG Alliance, today announces that it has taken over the lease for Huta Cz臋stochowa, one of Poland鈥檚 largest steel mills. 天博体育官方网站 restart of production has already taken place with the first plates having been rolled by the plant鈥檚 mill, using steel from LIBERTY Ostrava.
Corween Investments (to be renamed LIBERTY Cz臋stochowa) has taken on the plant鈥檚 lease from the plant鈥檚 Administrator until mid 2021. LIBERTY is also taking an active role in the plant鈥檚 acquisition, based on the sales process determined by the Court.

LIBERTY believes the addition of the Huta Cz臋stochowa, which has the capacity to produce up to 0.7 million tonnes per annum (mtpa) of GREENSTEEL from its electric arc furnace and 1.2 mtpa from its Heavy Plate Mill, will give it the opportunity to strengthen its position in the European GREENSTEEL sector. 天博体育官方网站 plant will also benefit from synergies due to its geographic proximity to LIBERTY鈥檚 existing assets, particularly LIBERTY Ostrava in the Czech Republic, and the strength of LIBERTY鈥檚 sales, marketing and distribution teams across Europe.

Commenting on the news, Sanjeev Gupta, Executive Chairman of GFG Alliance and LIBERTY Steel Group, said: 鈥淲e are very pleased to start our industrial journey in Poland – a country with a long and proud industrial heritage – and restart production at Huta Cz臋stochowa. I would like to welcome the plant鈥檚 1,200 highly skilled and committed employees into the LIBERTY Steel family and provide them with some certainty after the difficult situation over the last year. We have a strong industrial plan for Huta Cz臋stochowa and believe we can develop the business and make it economically, socially and environmentally sustainable for the long term.鈥�

Further details of LIBERTY鈥檚 development plans for the Huta Cz臋stochowa will be announced in due course.

Further information from:

Note to Editors:
LIBERTY Steel Group is part of GFG Alliance, a collection of global businesses and investments owned by Sanjeev Gupta and his family. GFG Alliance is structured into three core industry brands; LIBERTY Steel Group, ALVANCE Aluminium Group and SIMEC Energy Group, independent of each other yet united through shared values and a purpose to create a sustainable future for industry and society. GFG Alliance employs c.35,000 people, across 30 countries and has revenues of >USD $20bn.

For more information please visit www.gfgalliance.com.