Global steel giant
ArcelorMittal has announced that it will invest €15 million to expand the production capacity of its plant at Bourg-en-Bresse in eastern
France. Accordingly, in 2015 the Bourg-en-Bresse plant will be equipped with a new heat treatment furnace and a new rolling mill. The extended capacity will also support the development of
ArcelorMittal's customer Technip.
In September 2013,
ArcelorMittal signed an agreement to supply high-performance, high-strength steels for Technip to be used in the manufacture of flexible pipes for the development of deepwater and ultra-deepwater oil and gas fields. The five-year partnership agreement between
ArcelorMittal and Technip, the largest European contract for
ArcelorMittal's wire business, has been extended by two years.
ArcelorMittal's Bourg-en-Bresse plant supplies Technip's flexible pipe manufacturing plants located in
France, Brazil and Malaysia.