Feralpi Stahl plans to expand production capacity at its plant in Riga

German rebar manufacturer Feralpi Stahl, a subsidiary of the Italian Feralpi Group, plans to expand production capacity at its plant in Riesa. This was reported by Saxony Trade & Invest.

The company aims to increase steel production from the current level of approximately 1 million tons to 1.3 million tons per year. This is due to the commissioning of the plant’s new rolling mill.

“Thanks to the new rolling mill, we have created the conditions to take our production to a new level,” noted Uwe Reinecke, CEO of Feralpi Stahl.

According to him, the rollout is proceeding according to plan, product quality meets requirements, and the new product is gaining a foothold in the market.

The new rolling mill for the production of rebar in coils was officially opened in May of last year and has since switched to two-shift operation. In parallel with production, performance tests are ongoing in cooperation with the equipment manufacturer, Danieli. Feralpi Stahl aims to obtain the final acceptance certificate for the equipment this summer.

In the long term, the new rolling mill is expected to produce approximately 400,000 to 450,000 tons of product per year. Overall, this will provide the plant with a potential production capacity of up to 1.3 million tons per year. Starting in 2027, a transition to three-shift operations is planned. However, in addition to expanding the plant’s capacity, this also depends on market trends.

The company will also continue to invest in scrap processing.

As a reminder, the total investment in the new steel rolling mill at the Riesa plant amounted to €220 million. This is one of the largest industrial investments in green metallurgy in Germany in recent years.