investment - Latest news GMK Center

Ogun State plant to start operations by mid-2026 and reduce steel imports

Modernization of dust removal and slag granulation units will reduce emissions and improve production safety

The plant can produce up to 180 standard sizes of steel profiles

The situation in the industry is challenging, but there is significant potential due to the mineral agreement with the US and EU programs

The expected production capacity of the enterprise is 2 million tons of HBI per year

The project was launched in 2018 and investments amount to PLN 830 million

The funds will also be used to diversify the structure and timing of the group's financing

This will increase production in the country by 50% over the next four years

The funds will be used for infrastructure, rising costs, and creating a financial buffer for the project in Boden

The investment has increased the company's capacity by 60% and will boost the production of rolled products and pipes

The upgrade took 42 days, and the investment amounted to CZK 700 million

The final decision has not yet been made, and the amount of investment and objectives may change