Polish company Węglokoks is developing a new business transformation strategy

The Polish group of companies Węglokoks plans to invest over $2.3 billion by 2030 as part of a new strategy aimed at business transformation and revenue diversification. This was reported by the wnp portal.

Węglokoks aims to no longer be associated exclusively with coal, planning to focus in the future on sectors such as steel, logistics, and energy—these sectors are set to receive the largest investments. Additionally, it is expected that by 2030, 69% of the company’s revenue will come from the steel segment.

Of the 2.3 billion in capital expenditures planned by the group for the period from 2024 to 2030, 1 billion will be invested in energy, 786 million in logistics and other activities, and 550 million in the steel segment.

Węglokoks emphasizes that this amount does not include expenditures on major modernization and development projects at the Huta Częstochowa and Huta Łabędy steel mills (which produce merchant bars and pipes), which had not yet been fully defined at the time the strategy was prepared. Such investments will be financed from the company’s own resources, loans and credits, as well as development funds available from the state.

In particular, Huta Częstochowa is set to become a center for the production of semi-finished products for other plants within the group (Walcownia Blach Batory and Huta Łabędy). At the end of last year, the enterprise was acquired by the Polish Ministry of Defense, but it remains part of the state-owned Węglokoks capital group.

“Production of semi-finished products is expected to grow thanks to the full utilization of the steel mill’s potential and even investments in new production capacity by the end of the decade, provided that this is justified by market demand,” the group’s statement reads.

The strategy also calls for the transformation of the rolling mill and a significant strengthening of Huta Labedy’s position in the pipe production segment. In addition, Węglokoks plans to expand its offerings with specialized products, particularly for the infrastructure and defense sectors, and intends to develop its own scrap processing and supply capabilities.

Węglokoks CEO Tomasz Slezak aims to change the group’s current operational model for the steelmaking segment by leveraging the mutual synergies of the metallurgical enterprises and building a unified value chain.

He notes that despite unfavorable conditions in the steel market, this is a natural direction of development for the group.

“With a relatively large portfolio of steelmaking assets, it needs to be streamlined and strengthened through investments in the missing elements of a logically structured framework. Small players in this market have limited prospects, as do producers who are entirely dependent on semi-finished products. Building a complete value chain—from scrap to prefabricated production and construction—while capital-intensive, offers a real opportunity to increase profitability and value,” Slezak noted.

The company’s management emphasizes that the strategic goal for the coming years is to transform Węglokoks into a modern industrial and logistics holding company with a dominant role in the steelmaking segment.

As a reminder, Polish steelmakers reduced steel production by 19.5% in January–February 2026 compared to the same period in 2025, down to 990,000 tons.