Marcegaglia invests €364 million in modernization of plants in Italy

Italian steelmaker Marcegaglia has announced an investment of €364 million in its production facilities in the country. According to a source Kallanish in the company, this strategic plan is being implemented with the support of the Emilia-Romagna region and aims to improve operational efficiency, develop innovation and reduce carbon emissions.

The largest part of the funds – €278 million – will be used to modernize the plant in Ravenna. Another €20 million will be invested in research and development. The rest of the investment will be made at the plants in Gazoldo degli Ippoliti and San Giorgio di Nogaro.

“Despite a period of great uncertainty, we have decided to implement a large-scale investment plan covering three of our most strategic plants,” said Emma and Antonio Marchegaglia during a meeting with the President of the Emilia-Romagna region, Michele de Pascale.

The priorities of the investment plan are to increase energy efficiency, introduce renewable energy sources, develop a circular economy and automate logistics. The plant in Ravenna, which will receive the largest amount of funding, is the group’s main production facility and a key logistics and intermodal hub for all of the company’s activities.

In addition, Marcegaglia is implementing the Eyeron intelligent quality management system from the French company Fives at this site, which allows tracking all stages of production and collecting data in real time.

Earlier, Marcegaglia announced an increase in investments in the restart of its steel plant in Fos-sur-Mer (southern France), formerly known as Ascometal, to €800 million. The investments are aimed at partial vertical integration of production in an unstable market and growing risks in supply chains.