Polish steel group Alchemia has preliminarily agreed to acquire the seamless
pipe plant Zaklad Produkcji Rur from ISD Huta Czestochowa, the
Poland-based
steelmaking subsidiary of the Ukrainian steel group Industrial Union of Donbass (ISD).
According to Alchemia's representative, the agreement with ISD Huta Czestochowa is a part of the group's strategy to strengthen its positions in the steel sector, as the new seamless
pipe production plant will allow it to extend the range of its products offered for the oil and gas industry.
"The sale of Zaklad Produkcji Rur is the next step in the restructuring of ISD
Poland. We are selling the asset which does not correspond to our core business," the chief executive of ISD's Polish unit Konstanty Litwinow said.
The Alchemia group already owns a seamless
pipe plant in
Poland, i.e., Huta Batory.
The financial details of the deal have not been disclosed.