Mittal wants new CZK 10 billion plant, Czech Republic, Poland in play

The new EUR 300-350 million (up to CZK 10.2 billion) plant for sheet metal production that the Mittal Steel group plans to build in Central Europe should be located in Ostrava, North Moravia, or the Polish cities of Krakow or Katowice, Mlada fronta Dnes wrote yesterday referring to the Financial Times.

The new facility, which should supply products to new car producing plants in the Czech Republic and neighbouring Slovakia, would employ hundreds of people, the paper said.

The owners of Mittal Steel, which also controls Czech steelworks Mittal Steel Ostrava (previously Nova hut), have already been considering the investment for half a year.

Mittal Steel Ostrava supervisory board deputy chairman Frantisek Chowaniec said it was obvious that it is necessary to invest in the production of sheet metal for the automotive industry and white goods production in Central Europe in the near future. Mittal Steel representatives have just not decided exactly where and when the plant will be built.

Only Arcelor in Luxembourg, Germany's Thysen-Krupp and Austria's Voest-Alpine manufacture sheet metal for the car industry in Europe at present.

(Source: Prague Daily Monitor)

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