ArcelorMittal, the world's largest integrated metals and mining company, has announced that it will make a €76 million capital investment to expand electrical steel production capacity at its southern France-based Saint Chély d'Apcher plant.
Within the scope of the investment, ArcelorMittal is to equip the Saint Chély d'Apcher plant with a new 180,000 mt continuous annealing line, which will allow the plant to increase its production capacity to 210,000 mt per year of mostly high end non-grain oriented electrical steels. The new line is scheduled to become operational during the second quarter of 2010.
The investment is in line with ArcelorMittal's strategy to strengthen its position in high added value steel products and solutions that contribute to lower carbon dioxide emissions.